Alset Closes $992,420 Private Placement Financing

ALSET CLOSES $992,420 PRIVATE PLACEMENT FINANCING

April 13, 2018

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

that further to its March 19, 2018 release it has completed its private placement financing for gross

proceeds of $992,420. The Company will issue a total of 8,270,167 units (“Units”), each Unit consisting

of 1 common share and ½ of a share purchase warrant (“Warrant”), each full Warrant being exercisable

at $0.15 for 36 months.

Finders’ fees or commissions have been paid to registered representatives in connection with the

Financing, including the issuance of 366,880 finders’ units (the “Finders’ Units”), with each Finders’ Unit

consisting of 1 common share and ½ of a Warrant, each full Warrant being exe rcisable at $0.15 for 36

months, and 516,880 Broker Warrants exercisable at $0.15 for 36 months.

All securities issued in the placement are subject to a four-month hold period.

Alset will use the net proceeds of this private placement for general working capital purposes and to

advance its lithium projects in Mexico.

About Alset Minerals Corp. (ION.V)

Alset Minerals is a TSX Venture Exchange-listed junior exploration company focused on the exploration

and development of a group of high-grade lithium and potassium projects in the Central Mexican

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

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

has more than one million acres of lithium prospective salars in mining-friendly Mexico.

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

"W. Gennen McDowall"

Gennen McDowall, 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 estimates of amounts not yet

ALSET MINERALS CORP.

Suite 1400 – 1040 West Georgia Street

Vancouver, BC V6E 4H8

Tel: 604-505-4753

www.alsetenergy.ca

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

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

be "forward-looking statements."

For further information contact Gennen McDowall @ 604-788-5128

www.alsetminerals.com