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PERRIERI OFFICE SUITES, C2-302, Level 3, Office Block C, La Croisette, Grand Baie 30517, Mauritius ALPHAMIN FILES Q1 FINANCIAL STATEMENTS AND MD&A AND PROVIDES MPAMA SOUTH COMMISSIONING UPDATE

Mine Development & Operations Financials

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

ALPHAMIN FILES Q1 FINANCIAL STATEMENTS AND MD&A AND PROVIDES MPAMA

SOUTH COMMISSIONING UPDATE

MAURITIUS – April 29, 2024 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE

AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited consolidated

financial statements and accompanying Management’s Discussion and Analysis for the first

quarter ended 31 March 2024 on SEDAR+ at www.sedarplus.ca and an update on the Mpama

South plant commissioning.

Tin concentrate production from the new Mpama South plant is imminent with first ore having

been successfully introduced on 28 April 2024. The final plant commissioning phase is now

underway and should see a ramp-up in tin concentrate production during May 2024. The

underground mine is ready to feed the plant at targeted rates.

_________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith

CEO

Alphamin Resources Corp.

Tel: +230 269 4166

E-mail: [email protected]

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 contained herein include, without limitation,

statements relating to commissioning of the Mpama South processing plant, the expected

ramp-up of tin concentrate production and the underground mine being ready to feed the plant

at targeted rates. 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:

uncertainties regarding completion of the commissioning of the Mpama South processing plant

and the availability of ore at expected quantities and grades, adverse political events and risks

of security related incidents which may impact the operation or safety of its people as well as

those risk factors set out in the Company’s latest annual Management Discussion and Analysis

and other disclosure documents available under the Company’s profile at www.sedarplus.ca.

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.