Alphamin Announces Closing of Priv Ate Placement

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News Release 2013-17

ALPHAMIN ANNOUNCES CLOSING OF PRIVATE PLACEMENT

VANCOUVER, CANADA – November 4, 2013 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin” or the “Company”) is pleased to announce that, further to the Company’s news releases of October 7, 2013 and October 29, 2013 announcing the Company’s private placement and subsequent increase, it has closed its private placement. A total of 17,083,333 units (the “Units”) were sold at a price of $0.12 per Unit for gross proceeds of $2,050,000. Each Unit consists of one common share and one nontransferable share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 until July 7, 2014 at a price of $0.15 per share.

All the securities issued pursuant to this private placement are subject to a hold period which expires on March 1, 2014.

Alphamin intends to use the net proceed of its private placement for the exploration and development of its mineral properties in the Democratic Republic of the Congo, and for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

“Cosme M. Beccar Varela”

Cosme M. Beccar Varela, President

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.