Ann: Change in substantial holding, page-30

Very unlikely as NE stated in the EOY video that "... we have an excellent year of production, last financial year over 60,000 ozs, well on track in the current financial year for exactly the same or more and we have keep our costs under control. The team there is performing very well... " at 35 sec.

https://alkane.us12.list-manage.com/track/click?u=2ea2ff16f23eb1caaba6b0f57&id=979295a930&e=b87b343b35

Whatever issues IG is facing, that is forcing him to sell at what I regard as bargain basement prices is not really my concern or a reflection on the value of the ALK shares, as long as I can continue to pick up shares at these or lower price. It is an opportunity to buy at low prices.

There is a lot of news coming soon

• The next quarterly is due within the month and will I expect show that the production continues as per NE comments above.
• There is the pending approval of the SAR EIS, and movement to start some underground resource drilling.
• Underground and above ground exploration of the McLean's prospect
• Drilling results from NMPP - Boda 2/3 and hopefully other prospects in the area. There were some very promising results that have not been really followed up over the last decade.
• The initial resources estimate for the Kaiser drill out.
• Who knows maybe ALK will increase the exposure to CAI during its current troubles if they think it presents an opportunity to increase there interest