ALCYONE RESOURCES LTD

Alcyone Resources Limited advise that its shares will recommence trading on the Australian Securities Exchange (ASX) tomorrow (Tuesday, 17 November) as the work program at its 100%-owned Twin Hills Silver Project in Queensland gathers momentum. The re-listing of Alcyone follows the recapitalisation and reconstruction of the former Macmin Silver Ltd, which was placed into administration in November 2008 following operational challenges at the Twin Hills mine combined with difficulties in raising additional capital due to the Global Financial Crisis. A subsequent recapitalisation proposal, name change and $4 million capital raising completed in October 2009 resulted in the termination of the Deed of Company Arrangement on 13 October and the Company's emergence from voluntary administration.