Lithos Group — Board/Management Information 2022

Apr 5, 2022

ALCHEMIST MINING INCORPORATED

#2380 – 1055 West Hastings Street Vancouver, BC V6E 2E9

Alchemist Announces Change of Directors

VANCOUVER, BC – April 5, 2022 – Alchemist Mining Incorporated (the “ Company ”) (CSE: AMS) announces the resignations of Zeta Ceti and Awet Kidane as directors of the Company effective as of March 31, 2022. The Company has appointed James Carter as a director of the Company effective as of March 31, 2022.

Mr. Carter is a Chartered Professional Accountant with over 45 years’ experience in both the private and public business sectors, and was Vice President of a NYSE listed company focused on merchant banking activities from 1998 to 2017. He specialized in conducting corporate evaluations, due diligence reviews, analysis and related negotiations for corporate acquisitions, as well as designing, negotiating, managing and implementing corporate and debt restructurings and risk management programs.

He was based in Europe from 1998 to 2005, and has extensive domestic and international experience encompassing both North American and European capital markets with particular expertise gained in emerging markets and the natural resources sector.

During his career, he has served as an officer and director of a number of private and publicly traded companies in various industries in both North America and Europe.

The Company thanks Zeta Ceti and Awet Kidane as directors of the Company and wishes each of them all the best in their future endeavors.

Eric Boehnke - CEO

For and on behalf of the board

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

For more information please contact:

Alchemist Mining Incorporated

Charles Lee Investor Relations +1 236 474 0315

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.