HORSE WELL GOLD PROJECT

- RC Drilling Commences

ABN 20 109 361 195

ASX Release

21 July 2015

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:

489,582,656

Unlisted Options:

33,142,821

ASX Symbol: AYR

Alloy Re sources Limited (ASX: A YR, A lloy or the Company) is please d to confirm that ex ploration drilling has comme nced at the Horse We ll Gold Project in the North Easte rn Goldfields of Western Australia. Horse Well is located some 50 kilometres north of the 5 million ounce J undee gold mine o perate d by Northern Star Resources Limited.
Farmin Joint Ve nture partne r Doray Minerals Limite d ('Doray') has advised that;

 A substantia l infill RC drill program a t the Dusk til Da wn prospect has commenced.

 The program will see 18 deep RC holes for 3,940 metres complete d on an 80m x 40m pattern, designe d to define the extent of high grade superge ne and deepe r primary gold mineralisation.

Drilling is expected to be completed within three to four weeks. The Compa ny looks forward to further updating the ma rket as
results from drill hole sample analysis come to hand.

Andy Viner Executive Chairman Phone: +61 8 9316 9100 www.alloyres.com