AFM Alphamin Resources Corp

Highlights 



--  Infill resource drilling programme completed at Gecomines (28 holes for
    3,701m) 
    
--  Significant assay results include 
    
    --  15m @ 7.94% Sn from 171m and 7.65m @ 9.4% Sn from 192m 
        
    --  14m @ 7.13% Sn from 121m, including 3.5m @ 26.54% Sn from 127m 
        
    --  17m @ 6.78% Sn from 185m, including 4.35m @ 18.62% Sn from 186m 
        
    --  28.5m @ 3.31% Sn from 91.5m, including 6m @ 5.02% Sn from 102.5m 
        
    --  29m @ 3.30% Sn from 165m, including 11m @ 6.06% Sn from 176m 
        
    --  21m @ 2.36% Sn from 133m, including 10m @ 3.76% Sn from 133m 
        
--  Infill drilling was completed on a 50m x 40-50m grid down to depths of
    220m 
    
--  Tin mineralisation has a strong chute geometry with high grade chutes
    interpreted to plunge to the north 
    
--  Highly positive results reported for tin deportment and metallurgical
    studies 
    
--  National Instrument 43-101 maiden resource estimate expected before end
    of third Quarter 
    
--  Preliminary Economic Assessment (PEA) expected during fourth Quarter,
    2013 



Alphamin Resources Corp (TSX VENTURE:AFM) ("Alphamin" or the "Company") is
pleased to announce that it has completed an infill resource drilling programme
at the Gecomines target on its wholly owned Bisie Tin Prospect (Bisie Project)
in east central Democratic Republic of the Congo (DRC). A total of 3,701 meters
were completed from 28 drill holes (including 1 re-drill) and tested 275m of
strike. All results have been reported and a maiden resource estimate is
expected before the end of the third Quarter, 2013.


Highly significant drill results are shown in the drill hole locality map in
Figure 1 and summarized in Table 1. These results included:




--  28.5m @ 3.31% Sn from 91.5m including 6m @ 5.02% Sn from102.5m in
    BGC023; 
--  21m @ 2.36% Sn from 133m including 10m @ 3.76% Sn from 133m in BGC024; 
--  14.55m @ 2.22% Sn from 97.45m in BGC025; 
--  14m @ 7.13% Sn from 121m including 3.5m @ 26.54% Sn from 127m in BGC026;
--  16m @ 1.46% Sn from 125m including 7.5m @ 2.91% Sn from 125.5m in
    BGC027; 
--  15m @ 7.94% Sn from 171m and 7.65m @ 9.4% Sn from 192m in BGC034; 
--  29m @ 3.3% Sn from 165m including 11m @ 6.06% Sn from 176m in BGC035; 
--  17m @ 3.27% Sn from 133m in BGC036; 
--  17m @ 6.78% Sn from 185m including 4.35m @ 18.62% Sn from186m in BGC037.



The best intercepts were from the four deepest holes (BGC034, 035, 036 and 037)
completed during the programme. A photograph of a massive botryoidal wood tin
vein intercepted in BGC037 is shown in Figure 4. The same vein was intercepted
in BGC035 drilled 50m to the south. 


Tin mineralization has a strong chute geometry with an apparent plunge to the
north. The intersections reported for BGC031 and BGC034 confirms mineralization
is open to the north at depth even though significant mineralization reported
from shallow holes BGC012 (6m @ 0.11% Sn), BGC029 (3m @ 0.4% Sn) and BGC030
(6.4m @ 0.28% Sn) drilled above BGC034 as shown in section in Figure 2. 


The Company is confident of identifying significant high grade mineralisation
down to considerable depths and it believes that only the upper portion of the
mineralised body has been drilled to date. 


The drilling programme was completed on time and under budget by African
Drilling. The MSA Group of Johannesburg, South Africa, will now conduct a Maiden
NI43-101 Resource Estimate, expected to be completed by the end of the third
Quarter. MSA have also been contracted to conduct a Preliminary Economic
Assessment (PEA) scheduled for completion during the fourth Quarter, 2013. Both
drill rigs are currently undergoing maintenance in preparation for a
metallurgical and infill drilling programme required to convert identified
mineral resources into an indicated category. The required drill spacing will be
determined during the resource estimation.


Tin Mineralisation 

Tin mineralisation at Gecomines has been confirmed over 275m from drilling and
is open at depths below 200m. The host rock is generally a chloritic,
garnetiferous amphibolite unit within felsic mica schists shown in section in
Figures 2 and 3. Occasionally cassiterite bands are developed in the footwall
schists in close proximity to the amphibolites where chlorite alteration is less
intense. The amphibolite unit is consistently 20-25m thick although in some
drill holes the unit and corresponding tin mineralisation might be less due to
faulting or quartz veining. 


Tin Deportment and Metallurgical Studies 

Tin deportment and metallurgical studies were carried out on a 65kg sample of
mineralised amphibolite from Bisie. Results of the studies were highly positive
with the predominant tin mineral being cassiterite hosted in chlorite schist.
The tin is deported evenly throughout the various feed size fractions and no
significant upgrading is achieved by screening. The average cassiterite
mineralization is relatively coarse at 0.2-0.3 mm. Liberation is partially
achieved by crushing and subsequent gravity concentration which would result in
a 50 % yield. Rod milling and flotation of the gravity tails would increase the
overall yield to 85 %.


Copper is present at 0.2 % as chalcopyrite and needs to be removed from the
final concentrate by flotation. Copper recovery would result in less than 3 %
contribution to revenue. 


Both sulphide and magnetics removal on the concentrate has been allowed for in
the process design and no penalties are expected at this stage.


Project Background

The Bisie project is located in the Walikale district of North Kivu Province DRC
and is held by Alphamin's 100% owned Mining and Processing Congo sprl (MPC). MPC
holds a total of five tenements covering an area of 1,470sqkm with significant
tin, gold and base metal potential. The key prospects within the Bisie Project
are the Bisie Tin Prospect mined previously by artisanal means and the Umate
gold workings exploited historically by the Belgians and currently mined
extensively by artisanal miners. 


The Bisie Prospect was the DRC's largest producer of tin ore for a number of
years and accounted for up to 75% of the DRC's tin output. 


Alphamin lifted force majeure on PR 5266 which hosts the Bisie Prospect in
February 2012 and commenced diamond drilling during the second half of 2012 at
two main target areas, Gecomines and Golgotha, mined extensively from surface by
artisanal miners. Significant high grade tin mineralisation was reported from
drilling at both target areas down to depths exceeding 200m. The tin
mineralisation is also closely associated with copper and light rare earth
(cerium and lanthanum) mineralisation as well as massive and disseminated lead
and zinc sulphides and significant amounts of silver. Geochemical soil sampling
has highlighted anomalous lead and zinc in soils for a further 3km to the south
of the Golgotha workings. Drilling has confirmed a strong association of copper,
lead, zinc and tin mineralisation at depth below the soil anomaly which supports
the potential for new tin discovery from drilling to the south of Golgotha. 


High grade mineralisation at Bisie appears to be controlled by a series of
crosscutting northeast or east-west trending faults identified along the ridge
from Landsat imagery. The Company is therefore highly confident of discovering
new high grade zones of tin and base metal mineralisation from systematic
exploration along the ridge to the south. 


Recent drilling confirmed an increase of tin grade at depth which further
supports the potential for discovery of new high grade chutes from deeper
drilling. 


Lars Pearl, a qualified person under National Instrument 43-101, has verified
technical data disclosed in this release. 


ON BEHALF OF THE BOARD OF DIRECTORS

Cosme Maria Beccar Varela, President and CEO

Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this News Release.


CAUTION REGARDING FORWARD LOOKING STATEMENTS 

Information in this news release that is not a statement of historical fact
constitutes forward-looking information. Such forward-looking information
includes statements regarding the Company's planned exploration programs. Actual
results, performance or achievements of the Company may vary from the results
suggested by such forward-looking statements due to known and unknown risks,
uncertainties and other factors. Such factors include, among others, that the
business of exploration for tin and other precious and base minerals involves a
high degree of risk and is highly speculative in nature; few properties that are
explored are ultimately developed into producing mines; geological factors; the
actual results of current and future exploration; changes in project parameters
as plans continue to be evaluated, as well as those factors disclosed in the
Company's publicly filed documents. 


There can be no assurance that any mineralisation that is discovered will be
proven to be economic, or that future required regulatory licensing or approvals
will be obtained. However, the Company believes that the assumptions and
expectations reflected in the forward-looking information are reasonable.
Assumptions have been made regarding, among other things, the Company's ability
to carry on its exploration activities, the sufficiency of funding, the timely
receipt of required approvals, the price of tin and other precious and base
metals, that the Company will not be affected by adverse political events, the
ability of the Company to operate in a safe, efficient and effective manner and
the ability of the Company to obtain further financing as and when required and
on reasonable terms. Readers should not place undue reliance on forward-looking
information. 


Alphamin does not undertake to update any forward-looking information, except as
required by applicable laws.


NOTES -DRILLING 

Drilling results are quoted as downhole intersections. True mineralisation width
is approximately 80% of intersection length for holes drilled at -60 degrees.
Deeper holes were drilled at -75 degrees where true width is approximately 65%
of the intersection length. The reported grades were determined using a cut-off
grade of 0.1% Sn, 25g/t Ag, 1% Zn, 1% Pb, 0.1% Cu and 500ppm Ce and La to select
significant and anomalous intersections, with a maximum of 3m internal dilution
being incorporated into the composite where appropriate. A top cut of 60% was
applied to Sn, 30% to Zn and 20% to Pb. 


Half core samples for all drillholes were submitted to accredited ALS Chemex
laboratory in Johannesburg where samples were analyzed using ME-XRF05 conducted
on a pressed pellet with 10% precision and an upper limit of 10 000ppm. Over
limit samples were sent to Vancouver for ME-XRF10 which uses a Lithium Borate
50:50 flux with an upper detection limit of 60% and precision of 5%. ME-ICP61,
HF, HNO3, HCL04 and HCL leach with ICP-AES finish was used for 33 elements
including base metals. ME-OG62 a four acid digestion was used on ore grade
samples for Pb, Zn, Cu & Ag. Industry accepted QA/QC checks were applied
including use of duplicates, blanks and standards.


The images, tables and maps are available at the following address:
http://media3.marketwire.com/docs/a897276.pdf. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alphamin Resources Corp.
Level 3, Gotthardstrasse 20, CH-6304
Zug, Switzerland
+41 41 711 02 81
www.alphaminresources.com

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