ALPHAMIN RESOURCES CORPORATION - Alphamin receives approval for drawdown of US$25 million under credit facility

Alphamin receives approval for drawdown of US$25 million under credit facility

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006
(“Alphamin” or the “Company”)

ALPHAMIN RECEIVES APPROVAL FOR DRAWDOWN OF US$25 MILLION UNDER CREDIT FACILITY

MAURITIUS – October 4, 2018 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin”, or the “Company”) is
pleased to announce that it has satisfied the conditions required to draw an additional US$25 million under
its previously announced credit facility of up to US$80 million (the “Credit Facility”).

The drawdown will take the total amount drawn under the Credit Facility to US$60 million. The remaining US$20
million is expected to be drawn in December 2018. The funds will be applied towards development of the
Company’s Bisie Tin Project in the Democratic Republic of Congo.

FOR MORE INFORMATION, PLEASE CONTACT:

Boris Kamstra
Chief Executive Officer
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: boris.kamstra@alphaminresources.com
Grand Baie, Mauritius

JSE Designated Advisor
Nedbank Corporate and Investment Banking


CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information.
Forward-looking statements are based on assumptions management believes to be reasonable at the time such
statements are made. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking statements, there may
be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual
results to differ materially from expected results described in forward-looking statements include, but are not limited
to those risk factors set out in the Company’s Management Discussion and Analysis and other disclosure
documents available under the Company’s profile at www.sedar.com. Forward-looking statements contained herein
are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or results or otherwise, except as required by
applicable securities laws.

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.

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