HORSE WELL GOLD PROJECT

RC Drilling Completed at the Django Prospect

ABN 20 109 361 195

ASX Release

30 June 2016

Alloy Resources Ltd Suite 8, 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: 712,707,646

Unlisted Options:

9,000,000

ASX Symbol: AYR

Alloy Resources Limited (ASX: AYR, Alloy or the Company) is pleased to confirm that RC exploration drilling has been completed at the Horse Well Gold Project in the North Eastern Goldfields of Western Australia.

Farmin Joint Venture partner Doray Minerals Limited ('Doray') has advised that;

• A total of 25 holes for 4,738 metres have been completed at the Django prospect.

• The program was held up by rain which has meant that the final six holes were completed last Sunday.

• Complete assay results are expected in 2 to 3 weeks time.

The Company looks forward to updating the market on results from drill hole sample analysis once received and interpreted. The Company also anticipates outlining the programs and budgets for the next six months in the coming Quarterly Report.

Andy Viner

Executive Chairman Phone: +61 8 9316 9100

www.alloyres.com