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Alset Appoints Gilberto Zapata Castaneda as Chief Financial Officer

Management Changes

ALSET APPOINTS GILBERTO ZAPATA CASTANEDA AS CHIEF FINANCIAL OFFICER

December 5, 2017

Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) appoints

Gilberto Zapata Castaneda as the new Chief Financial Officer (CFO), replacing Albert Wu who has

resigned from his CFO duties to retire.

Alset Minerals President and Chief Executive Officer Allan Barry Laboucan said: “I’m saddened to accept

Albert’s resignation from the position of CFO. He joined not long after I took over as CEO and has been

instrumental in the management transition and helping me run the Company. It is also exci ting to bring

Gilberto in as our new CFO, he has been a key leader of our efforts in Mexico, he is a director of Alset,

has an MBA and took on the interim role of CFO recently, I’m pleased to make it permanent. On behalf

of the board I would like to thank Albert for all his contributions to Alset and welcome Gilberto into the

role of CFO.”

About Alset Minerals Corp. (ION.V)

Alset Minerals Corp. is a TSX-V listed junior exploration company focused on exploring and development

of a group of high-grade lithium and potassium projects in the Central Mexican Plateau. The Company in

November 2017 added nearly one million acres of lithium prospective salars, through staking, also in

Mexico. Alset has a growing portfolio of 100-per-cent owned lithium prospective salars in the states of

San Luis Potosi, Zacatecas and Coahuila, Mexico. With the November 2017 staking the Company now

has more than one million acres of lithium prospective salars in mining -friendly Mexico with roads and

power up to the salars.

On behalf of the Board of Directors of Alset Minerals Corp.,

"Allan Barry Laboucan"

Allan Barry Laboucan, President and CEO

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward -looking statements" within the meaning of

applicable securities legislation. Forward-looking statements relate to information that is based on

assumptions of management, forecasts of future results, and es timates of amounts not yet

determinable. Any statements that express predictions, expectations, beliefs, plans, projections,

ALSET MINERALS CORP.

Suite 1400 – 1040 West Georgia Street

Vancouver, BC V6E 4H8

Tel: 604-505-4753

www.alsetenergy.ca

objectives, assumptions or future events or performance are not statements of historical fact and may

be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual

events or results to differ from those reflected in the forward-looking statements, including, without

limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable

terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with

mining and exploration; risks related to the maintenance of stock exchange listings; risks related to

environmental regulation and liability; the potential for delays in exploration or development activities

or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to

the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to

the inherent uncertainty of production and cost estimates and the potential for unexpected costs and

expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration,

development or mining results will not be consistent with the Company's expectations; risks related to

gold price and other commodity price fluctuations; and other risks and uncertainties related to the

Company's prospects, properties and business detailed elsewhere in the Company’s disclosure record.

Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove

incorrect, actual results may vary materially from those described in for ward-looking statements.

Investors are cautioned against attributing undue certainty to forward -looking statements. These

forward-looking statements are made as of the date hereof and the Company does not assume any

obligation to update or revise them to reflect new events or circumstances. Actual events or results

could differ materially from the Company’s expectations or projections

For further information please contact

Corporate Communications

[email protected]

Telephone: 1-604-505-4753

www.alsetminerals.com