ALPHAMIN RESOURCES CORPORATION - Alphamin announces grant of stock options

Alphamin announces grant of stock options

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 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.

JSE Sponsor
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Date: 11-06-2020 05:20:00
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