Alset Provides Corporate Update
ALSET PROVIDES CORPORATE UPDATE
August 22, 2018
Vancouver, British Columbia: Alset Minerals Corp. (TSX-V: ION) (“Alset” or “the
Company”) is pleased to provide a corporate update and proposed private placement.
Corporate
The Company wishes to announce a proposed change of name to OrganiMax Nutrient Corp. The
purpose of the name change is to reflect the potentially exceptional quality of potassium
contained in both the sediments and brines of the Company’s salars located in the states of
Zacatecas and San Luis Potosi of Mexico, and the poten tial for this potassium to produce
potassium sulfate, also known as sulfate of potash (SOP), which is used as a premium fertilizer
for high-value crops.
The Company previously announced sediment and brine sampling results for potassium and
lithium in press releases dated August 9th and October 27th, 2017. In February of this year, the
Company engaged SRK Consulting to perform mineral resource estimates on three of its largest
salars: La Salada, Santa Clara, and Caliguey (27 February 2018 press release). This work is on-
going and is further being supported by consultants conducting mineralogy and beneficiation
testwork. In parallel to this program, the Company will also be furthering its investigation of the
potassium and lithium potential of the salar brines.
Key Addition to Board of Directors and Management
The Company also announces that Timothy Mosey has agreed to join the board of Alset with
immediate effect and to become the Company’s interim Chief Executive Officer. Gennen
McDowall has stepped down as Chief Executive Officer, President and Director in favor of
retirement. The Company wishes to thank Mr. McDowall for his leadership of the Company
over the past 6 months, and looks forward to continuing to work with him.
Mr. Mosey has over 27 years’ experience in the mining industry, with the past 11 years in the
private equity investment space at Resource Capital Funds (RCF) and Traxys. As the Managing
Director of the Traxys Projects investment fund, Tim was directly responsible for the investment
and management of 15 projects around the globe. In a career focused on technical due diligence
and project finance, Tim has reviewed projects from around the world, traveled extensively to
ALSET MINERALS CORP.
Suite 1400 – 1040 West Georgia Street
Vancouver, BC V6E 4H8
Tel: 604-788-5128
www.alsetminerals.com
more than 60 countries on six continents, and has gained experience across the commodity
spectrum, from precious, base, and minor metals, to ferro alloys, rare earths, industrial minerals,
coal and uranium.
Tim was a senior engineer with SRK Consulting responsible for project management a nd
execution of geologic modeling, ore reserve estimates, mine planning and design, production
scheduling, and capital and operating cost estimation in support of resource evaluations for due
diligence, pre-feasibility, and feasibility studies.
Earlier in his career, Tim accumulated experience in both precious/base metals and industrial
minerals sectors of the industry with emphasis on exploration throughout the Western U.S. and
management of an industrial minerals operation in Colorado. Tim worked in many phases of
precious metals exploration and evaluation throughout the Western U.S., responsible for
exploration target generation, submittal evaluation, and project management and development.
Tim holds a Bachelor of Science degree in Geological Engineering from South Dakota School of
Mines and Master of Science degree in Mining Engineering from the Colorado School of Mines.
The Company also announces the resignation of Gilberto Zapata from the board of directors.
Mr. Zapata will remain as Country Manager in Mexico and a consultant to the Company.
Proposed Private Placement
The Company also wishes to announce that, subject to the approval of the TSX Venture
Exchange, it proposes to undertake a non-brokered private placement of up to 4,000,000 units
(the “Units”) at a price of $0.075 per Unit for gross proceeds of up to $300,000. Each Unit shall
comprise one common share in the capital of the Company and one common share purchase
warrant. Each warrant shall entitle the holder to purchase one common share at a price of 15
cents ($0.15) per share at any time within 36 months of the date of issuance. All securities to be
issued under this private placement will be subject to a four-month resale restriction.
Emily Hanson, PGeo, Vice-President of exploration and director for Alset Minerals, is the
qualified person responsible for the technical content of this release.
About Alset Minerals Corp. (ION.V)
Alset Minerals is a TSX Venture Exchange -listed 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 an extensive portfolio of 100 -per-cent-owned highly
prospective salars in the Mexican states of San Luis Potosi, Zacatecas and Coahuila.
On behalf of the Board of Directors of Alset Minerals Corp.,
"Timothy Mosey"
Timothy Mosey, Chief Executive Officer.
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 amoun ts not yet
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 Timothy Mosey @ 303-547-6300.
www.alsetminerals.com