Alkane Drilling Extends Gold-Antimony System at Nagambie

• Alkane confirms and extends gold-antimony mineral system at Nagambie.
• Initial drilling results show significant mineralization.
• High-grade intercepts found outside known mineral resource areas.

Alkane Resources has confirmed and extended the gold-antimony mineral system at Nagambie, with initial drilling results showing significant mineralization. Three holes totaling 1,868 meters have been drilled, with standout grades encountered in the C3 and C2 veins. The C2 zone has been extended 115 meters below the previously known extent. Assay highlights include 3.3g/t gold and 0.7% antimony over 10.6 meters in the C3 zone and 1.2g/t gold and 2.5% antimony over 9.7 meters in the C2W zone. Alkane plans to continue drilling to understand the geological framework and potential extensions to the mineral system.

Alkane plans to continue advancing to the initial 12-month earn-in decision point and explore further growth within the C-series domains and N-S fault zones.