Alkane Expands Exploration Tenements to Target McPhillamys Style Gold Deposits

September 3, 2013

Alkane, in joint venture with Newmont Australia Ltd, discovered the McPhillamys gold deposit
near Blayney in 2006. Subsequent drilling of the deposit defined a substantial gold resource of
2.96 million ounces (ALK ASX announcement 5 July 2010). The project was sold to Regis
Resources Ltd for the issue of 35.7 million shares (Alkane 17.5 million shares) in August 2012.

Alkane developed considerable technical knowledge with the discovery and evaluation of the
McPhillamys deposit, and has been applying this knowledge to its targeting for McPhillamys style
gold mineralisation in the Central West region. As a result two properties, Elsienora and Rockley,
have been acquired.