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

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

ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above

6897782 v2

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

MAURITIUS – October 4, 2018 – Alphamin Resources Co rp. (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. T he 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 stat ement of historical fact constitutes forward-looking information.

Forward-looking statements are based on assumptions management believes to be reasonable at the time s uch

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 Mana gement 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 r equired 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.