• Alkane Resources has fully repaid A$45 million outstanding debt in Macquarie facility
• Repayment made using company's cash reserves
• Alkane now substantively debt-free apart from standard equipment financing

Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKEF) has announced the repayment of the outstanding A$45,000,000 debt in the Macquarie facility established for the expansion of the Company's Tomingley Gold Operations in Central New South Wales. The repayment was made using Alkane's cash reserves, leaving the company substantively debt-free apart from its standard equipment financing. Alkane's Managing Director & CEO, Nic Earner, stated that the repayment reflects the company's financial flexibility following the completion of a merger and demonstrates the strength of Alkane's balance sheet. This position gives the company increased flexibility to pursue strategic organic and potential external growth opportunities while retaining a strong working capital position.