Alchemy Resources Limited : 12 Jan 2012: Notice to Option Holders

12 January 2012
Dear Option Holder,

NOTICE TO OPTION HOLDERS OF NON-RENOUNCEABLE ENTITLEMENT ISSUE

The board of Alchemy Resources Limited (the Company) has announced a pro-rata non- renounceable offer to eligible shareholders of 1 ordinary fully paid share for every 3 shares held on the Record Date (the Issue) at an issue price of $0.13 per share to raise approximately $4.2 million (before costs).
The Prospectus for the Issue was lodged with the Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX) on 12 January 2012 and will be sent to all eligible shareholders together with a personalised Entitlement and Acceptance Application Form by
30 January 2012. The Prospectus is available on both the ASX website (www.asx.com.au) and on the
Company's website (www.alchemyresources.com.au).
If you wish to participate in the Issue you need to exercise your Options so that you are registered as a shareholder at 5.00pm (WST) on the Record Date. The Notice of Exercise of Options and payment of the exercise price should be received by Security Transfer Registrars Pty Ltd on or before 23 January
2012 to participate in the Issue.
You should consider the Prospectus in deciding whether to acquire shares under the Issue, and complete the personalised Entitlement and Acceptance Application Form that will accompany the Prospectus.
The proposed timetable for the Issue is set out below.

Announcement of Entitlement Issue and Lodgement of Prospectus	12 January 2012
Despatch of Preliminary Notice to Shareholders	16 January 2012
Ex Date - shares trade ex Entitlement	17 January 2012
Record date to determine Entitlement	23 January 2012
Prospectus and Entitlement and Acceptance Form sent to Shareholders	30 January 2012
Closing date for receipt of acceptances	13 February 2012
Allotment and issue of New Shares and despatch of shareholding statements	21 February 2012

Yours faithfully

Bernard Crawford
Company Secretary
Level 2, 72 Kings Park Road West Perth WA 6005	GPO Box 2815 Perth WA 6001	T: [phone] F: [phone]	E: [e-mail] W: www.alchemyresources.com.au