Olkhovy Klyuch (Russian: Ольховый Ключ; Bashkir: Ерекле Шишмә, Yerekle Şişmä) is a rural locality (a village) in Petropavlovsky Selsoviet, Askinsky District, Bashkortostan, Russia.

Olkhovy Klyuch is located 20 km west of Askino (the district's administrative centre) by road.

Novaya Kara is the nearest rural locality.

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