Alphamin Resources Corp. — Capital/Financing Update 2020

Jun 11, 2020

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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 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: msmith@alphaminresources.com

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.

The above media statement and accompanying material for media use are issued by ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above