Mr. Andy Quinn reports

APPOINTMENT OF NON-EXECUTIVE DIRECTORS

Alkane Resources Ltd. has appointed Dr. Jennifer Purdie and Gabrielle Upton to the Alkane board as independent non-executive directors, with effect from today, Aug. 24, 2026.

Dr. Jennifer Purdie

Dr. Purdie brings a wealth of expertise across mining, heavy manufacturing and energy sectors. During her time with BHP as asset president, Olympic Dam, she led the team to stabilize and significantly improve performance across the business, delivering successive production records and positioning the asset for growth through the acquisition of Oz Minerals and subsequent mine and surface expansion projects that are now under way. She has also served as executive general manager, gas distribution, with Jemena, as chief executive officer of Adani's Australian Renewables business and as global practice leader, technology delivery, for Rio Tinto.

She currently serves as a non-executive director of Metro Mining Ltd., Terra Metals Ltd. and Queensland's water business Urban Utilities.

She holds a PhD in engineering from the University of Auckland and executive MBA from the University of Queensland, is a fellow of the Institute of Chemical Engineers and a member of Chief Executive Women.

She will also serve as a member of the company's audit and risk committee and technical committee.

Gabrielle Upton

Ms. Upton is an experienced board director and former senior New South Wales cabinet minister with international commercial experience in banking and law. She served as NSW attorney-general and Minister for the Environment after working in corporate finance with Deutsche Bank in New York and as a lawyer with Herbert Smith Freehills Kramer.

She has extensive experience in governance, strategy, regulation, risk management and stakeholder engagement, including oversight of major investment decisions and complex organizations operating in capital-intensive and highly regulated environments.

She is a non-executive director of the Australian Olympic Committee's investment management services, the Florey Institute of Neuroscience, Netball Australia and O'Connell Street Associates. She also serves as an adviser to law firm Mallesons.

She previously served as deputy chancellor of the University of New South Wales and as a member of the federal government's corporate and market advisory committee.

She is a fellow of the Australian Institute of Company Directors and a member of Chief Executive Women.

She will also serve as a member of the company's nomination and governance committee and the remuneration committee.

Alkane's chairman, Andy Quinn, said: "I am delighted to welcome Jennifer and Gabrielle to the board of Alkane as independent non-executive directors. Together, they bring a wealth of experience gained across careers in the resources industry, capital markets, complex regulated operations and the environment that will be invaluable as Alkane continues to grow as a gold and antimony producer.

"Their appointments align perfectly with our objective to deliver long-term value for our shareholders and all other stakeholders, and I look forward to working with them both."

About Alkane Resources Ltd.

Alkane Resources is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The company has a strong balance sheet and is positioned for further growth.

Alkane's wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in central-west New South Wales, the Costerfield gold, and antimony underground mining operation northeast of Heathcote in central Victoria, and the Bjorkdal underground gold mine northwest of Skelleftea in Sweden (approximately 750 kilometres north of Stockholm). Continuing near-mine regional exploration continues to grow resources at all three operations.

Alkane also owns the very large gold-copper porphyry Boda-Kaiser project in central-west New South Wales and has outlined an economic development pathway in a scoping study. The company has ongoing exploration within the surrounding Northern Molong porphyry project and is confident of further enhancing eastern Australia's reputation as a significant gold, copper and antimony production region.