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PERTH, Australia, Aug. 23, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKRY) (‘Alkane' or ‘the Company') is pleased to announce the latest exploration results highlighting the discovery of a new high-grade zone of the Cuffley Lode, and drilling results from the Sub-KC domain at depth below the Augusta mine and the Costerfield property in Victoria, Australia Program Summary 23 new holes have been drilled in an unmined area between the historical Cuffley north and south high-grade grade panels, and 17 additional holes have targeted the Sub KC domain at depth below the deposit A new grade pod with areas of very high grade gold and antimony was identified in the Cuffley infill area, in a sparsely drilled zone previously thought to contain low grade due to the influence of a crosscutting fault Additional high grade infill intercepts have made in the Sub KC system, and the first target testing holes looking for repetitions of the structural setup have been drilled The Cuffley pod is readily accessible from existing infrastructure and is being incorporated into the mine schedule Assay Highlights From Cuffley 580.9g/t gold and 24% antimony over 0.61m (ETW 0.54m) in AD270 168.9g/t gold and 33.5% antimony over 0.9m (ETW 0.78m) in AD265 60.1g/t gold and 15.2% antimony over 1.26m (ETW 1.17m) in AD292 124g/t gold and 48.6% antimony over 0.23m (ETW 0.22m) in AD275 From Sub KC 28.2g/t gold and 0% antimony over 0.99m (ETW 0.82m) in CSK044 73.2g/t gold and 18.8% antimony over 0.19m (ETW 0.18m) in CSK043 192g/t gold and 0% antimony over 0.17m (ETW 0.07m) in CSK043 16.1g/t gold and 12.7% antimony over 0.37m (ETW 0.34m) in CSK048 Alkane Managing Director & CEO, Nic Earner, said: “This discovery of unmined high-grade material directly adjacent one of Costerfield's top-shelf historical orebodies showcases the importance of Alkane's directive of revisiting and challenging old models and preconceptions surrounding mineralisation to extract value. We will continue seeking this new mineralisation alongside generating new targets within our leases.

PERTH, Australia, Aug. 23, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane') is pleased to announce the appointments of Dr Jennifer Purdie and The Hon. Gabrielle Upton to the Alkane Board as independent Non-Executive Directors, with effect from today, 24 August 2026.

PERTH, Australia, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane' or ‘the Company') is pleased to announce the declaration of a 2.0 cents per share fully franked final dividend for FY26 (‘FY26 final dividend') – the Company's maiden dividend. In addition, the Company is today announcing an on-market share buy-back programme of up to $50 million over the next 12 months (‘Share Buy-Back').

PERTH, Australia, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane' or ‘the Company') is pleased to release its results for the year ended 30 June 2026, with the Appendix 4E and full year statutory accounts attached. The table below is a summary of the financial results:   June 2026 June 2025 Change Change% Net profit after tax (A$'000) 228,722 33,043 195,679 592% Revenue (A$'000) 935,822 262,362 673,460 257% Basic earnings per share (cents) 17.69 5.46 12.23 224% Gold sales (AuEq ounces)1 164,878 69,774 95,104 136% Gold production (AuEq ounces)* 168,337 70,120 98,217 140% Cash and bullion (A$ million) 438.9 60.3 378.6 628% * Gold production is presented on a full year basis and includes production from the Costerfield and Björkdal operations for the period prior to completion of the merger with Mandalay Resources on 5 August 2025.

Alkane Resources is a tri-asset gold producer in Tier-1 jurisdictions, trading at a deep discount despite a top-tier operational track record. Alkane's merger with Mandalay delivered scale and diversified its cash flow, creating a much lower-risk gold producer with the benefit of favorable Swedish royalty and tax rates at Bjorkdal. Exploration success at Costerfield and Bjorkdal points to material mine life extension, plus the Boda-Kaiser development project (gold-copper), providing significant upside optionality not reflected in the current valuation.