Exploration Update

SUMMARY

ABN 20 109 361 195

ASX Release

23 December 2014

Alloy Resources Ltd Suite 6, 7 The Esplanade Mount Pleasant WA 6153

Tel: +61 8 9316 9100

Fax: +61 8 9315 5475

Email:

[email protected]

Website:

www.alloyres.com

Directors

Executive Chairman:

Andy Viner

Non‐Exec Director

Andre Marschke

Non‐Exec Director/Co Sec:

Kevin Hart

Issued Capital

Shares:

489,582,646

Unlisted Options:

37,142,821

ASX Symbol: AYR

Alloy Resources Limited (ASX:AYR, Alloy or the Company) wishes to inform the market that Farmin Partner Doray Minerals Limited (ASX:DRM, Doray) has advised the Company that RC drilling at the Dusk til Dawn prospect within Alloy's Horse Well Gold Project has been suspended and is planned to recommence in January 2015.

Key Points;

Doray have completed the first of four planned deep RC drill holes across the Dusk til Dawn mineralised structure (refer to ASX announcements on the 10 and 12 December 2014);

 Completed hole DDRC003 was located 50 metres north‐west of recent RC Drill Hole DDRC001 which intersected;

65 metres @ 2.6 g/t Au from 50 metres downhole, including

13 metres @ 8.17 g/t from 50 metres

 DDRC003 finished at planned depth of 180 metres.

 Assay results expected in January 2015.

For further information contact: Andy Viner Executive Chairman Phone: +61 8 9316 9100 www.alloyres.com

Exploration Results

The information in this report which relates to Exploration Results is based on information compiled by Andrew Viner, a Director of Alloy Resources Limited and a Member of the Australasian Institute of Mining and Metallurgy, Mr Viner has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves." Mr Viner consents to the inclusion in the report of the matters based on this information in the form and context in which it appears..
Mr Viner is a shareholder and option holder of Alloy Resources Limited.