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
6884807 v5
BISIE TIN PROJECT C4 COMMISSIONING COMPLETE
Alphamin Resources Corp. (Alphamin) completed C4 Commissioning of its Bisie tin project Processing Plant.
C4 involves feeding the system with material, check ing instrumentation calibration, process flows and individual
equipment throughput and building up to instantaneous design throughput. A C4 certificate indicates that a unit or
the entire system is complete and can operate with material.
C5 is the final stage of the commissioning process. This is achieved when the facility has run at and held at full
continuous production at nameplate capacity for a duration of 48 hours.
Attaining C5 and the ramp up to nameplate capacity is taking longer than expected as aspects of the processing
plant operations are refined and optimised.
Concentrate produced during commissioning and the p lant ramp up, are being delivered to Gerald Metals in
Kampala. Gerald Metals have taken delivery of 96 to nnes of concentrate. A further 192 tonnes are on ro ute to
Kampala from Logu, Alphamin’s marshalling yard for tin exports where a further 240 tonnes are being cleared for
export prior to departing for Kampala. Total production to date is 528 tons.
Sound Mining Solutions are nearing completion of the revised mine design. Once complete the NI 43-101 will be
updated.
The Directorate General of Taxes have informed Alphamin VAT disbursements will be forthcoming. .
The Industrial Development Corporation (IDC) will be matching their pro rata share of the recent equity raised by
Alphamin.
Nameplate production is expected to be achieved dur ing H2 2019. To avoid requiring any additional fund ing
Alphamin requires break even production of circa 800 tonnes of concentrate per month, be achieved by during July
2019.
FOR MORE INFORMATION, PLEASE CONTACT:
Boris Kamstra
Chief Executive Officer
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: [email protected]
Grand Baie, Mauritius
The above media statement and accompanying material for media use are issued by
ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above
6884807 v5
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a stat ement of historical fact constitutes forward-lookin g information.
Forward-looking statements contained herein include , without limitation, statements relating to the te rms and
intended completion of the Private Placement, the a nticipated use of funds from the Private Placement, the
anticipated additional debt drawdown, the participa tion of the IDC and other stakeholders, costs of pr oduction,
success of mining operations, the ranking of the pr oject in terms of cash cost and production, economi c return
estimates, social, community and environmental impacts, and continued positive discussions and relationships with
local communities and stakeholders. 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 relianc e on forward-looking statements. Although Alphamin has
attempted to identify important factors that could cause actual results to differ materially from thos e contained in
forward-looking statements, there may be other fact ors that cause results not to be as anticipated, es timated or
intended. Factors that may cause actual results to differ materially from expected results described i n forward-
looking statements include, but are not limited to: Alphamin’s ability to secure sufficient financing to advance and
complete the Project, uncertainties associated with Alphamin’s resource and reserve estimates, uncerta inties
regarding global supply and demand for tin and mark et and sales prices, uncertainties associated with securing
off-take agreements and customer contracts, uncerta inties with respect to social, community and enviro nmental
impacts, adverse political events, uncertainties with respect to optimization opportunities for the Project, as well as
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 even ts or results or otherwise, except as required by a pplicable
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.