The above media statement and accompanying material for media use are issued by

NEWS RELEASE

C/o ADANSONIA MANAGEMENT SERVICES LIMITED, Suite 1, For more media information or PERRIERI OFFICE SUITES, C2-302, Level 3, Office Block C, interview requests, please contact the Stone team La Croisette, Grand Baie 30517, Mauritius on [email protected] or +2711 4470168

ALPHAMIN RECEIVES APPROVAL FOR DRAWDOWN OF US$25 MILLION UNDER CREDIT FACILITY

MAURITIUS – October 4, 2018 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin”, or the “Company”) is pleased to announce that it has satisfied the conditions required to draw an additional US$25 million under its previously announced credit facility of up to US$80 million (the “Credit Facility”).

The drawdown will take the total amount drawn under the Credit Facility to US$60 million. The remaining US$20 million is expected to be drawn in December 2018. The funds will be applied towards development of the Company’s Bisie Tin Project in the Democratic Republic of Congo.

FOR MORE INFORMATION, PLEASE CONTACT:

Boris Kamstra

Chief Executive Officer Alphamin Resources Corp.

Tel: +230 269 4166 E-mail: [email protected] Grand Baie, Mauritius

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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.

6897782 v2 The above media statement and accompanying material for media use are issued by ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above