PERRIERI OFFICE SUITES, C2-302, Level 3, Office Block C, La Croisette, Grand Baie 30517, 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

NEWS RELEASE

C/o ADANSONIA MANAGEMENT SERVICES LIMITED, Suite 1,

PERRIERI OFFICE SUITES, C2-302, Level 3, Office Block C,

La Croisette, Grand Baie 30517, 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

ALPHAMIN ANNOUNCES GRANT OF STOCK OPTIONS

GRAND BAIE, MAURITIUS – JUNE 11, 2020 – Alphamin Resources Corp. (TSXV: AFM, JSE AltX:

APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has granted

stock options to acquire an aggregate of 9,880,000 common shares to directors, officers and employees

of Alphamin and its subsidiaries under its stock option plan. Each option is exercisable for a seven year

period to acquire one common share at a price of C$ 0.20 per share. The options granted vest over a

period between three and four years from the date of grant.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith

CEO

Alphamin Resources Corp.

Tel: +230 269 4166

E-mail: [email protected]

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.