Alphamin Announces a $12.0 Million Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") is
pleased to announce that is has agreed to raise $12.0 million by way of a
non-brokered private placement (the "Private Placement") of 100,000,000 common
shares at a price of $0.12 per common share (the "Shares"). The Private
Placement is subject to the approval of the TSX Venture Exchange, shareholder
approval, and other typical conditions to closing. 


The Company intends to use the proceeds from the Private Placement for the
further exploration and development of the Bisie Tin Project (the "Bisie
Project"), a tin asset located in the Democratic Republic of Congo. 


Tremont Master Holdings ("Tremont") will be the sole purchaser of the Shares
and, upon closing of the Private Placement, will own approximately 39.81% of the
shares of the Company on an undiluted basis. As such, the Private Placement will
result in the creation of a new control person (as such term is defined under
securities laws), and in accordance with the policies of the TSX Venture
Exchange shareholder approval of the Private Placement will be required.


The Shares will be acquired pursuant to the exemption in section 2.10 of
National Instrument 45-106 Prospectus and Registration Exemptions. 


The acquisition of the Shares is being made for investment purposes.
Concurrently with the closing of the Private Placement, the Company and Tremont
will enter into a pre-emptive rights agreement whereby Tremont will have the
right to participate in any subsequent equity offering by the Company on a pro
rata basis. This right will continue until the earlier of five years from the
closing of the Private Placement and the date on which Tremont and its
affiliates hold less than 20% of the issued and outstanding shares of the
Company. Additionally, Tremont will be entitled to appoint two out of five
directors of the Company. This right will continue until the later of two years
from closing of the Private Placement and the date on which Tremont and its
affiliates hold less than 20% of the issued and outstanding shares of the
Company. 


About Alphamin

Alphamin is a TSX Venture Exchange listed tin explorer and developer. The
Company's strategy is to locate next generation tin assets and leverage our
exploration and development expertise to create sustainable tin production. The
Company's primary focus during this year is to realise the potential of the
Bisie Project located in the Democratic Republic of Congo.


About Tremont

Tremont Master Holdings is a Mauritius-based investment company focused on
African exploration and mining opportunities and is located at Suite 510, 5th
Floor Barkly Wharf Le Caudon Waterfront Port Louis, Mauritius. 


ON BEHALF OF THE BOARD OF DIRECTORS

Ross Doyle, Chief Financial Officer

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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the Shares in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any state of the United States and may not be offered or sold
within the United States (as defined in Regulation S under the U.S. Securities
Act) unless registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration requirements.


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

Alphamin Resources (TSXV:AFM)
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