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Alphamin Temporarily Ceases Mining Operations
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 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 TEMPORARILY CEASES MINING OPERATIONS
GRAND BAIE, MAURITIUS – March 13, 2025 – Alphamin Resources Corp. (AFM:TSXV,
APH:JSE AltX) (the "Company") announced today that its board of directors has made the
difficult decision to temporarily cease mining operations at the Company's Bisie tin mine in
Walikale District, North Kivu Province of east-central Democratic Republic of the Congo (DRC).
This decision was made after insurgent militant groups have recently advanced westward in
the direction of the mine's location in the DRC occupying the towns of Nyabiondo on 9 March
2025, the capital of the Osso-Banyungu sector located ~110km northwest of Goma followed
by Kashebere a further 13km west of Nyabiondo on 12 March 2025. The safety of the
Company's employees and contractors remains its top priority and cannot be assured at the
present time. All operational mining personnel are being evacuated from the mine site with
only essential personnel to remain for the care, maintenance and security of the property. The
Company is encouraged by the recent announcement that direct peace talks on the conflict
are scheduled to be held in Angola on March 18, 2025. The Company will closely monitor
events as they progress with a view to moving personnel back to the mine site and resuming
operations when it believes it can safely do so. The Company will provide further updates when
approriate.
The Company, majority owned by United States of America (US) entities, has appointed a US
firm to lobby for US diplomatic intervention regarding these security threats. This matter is
progressing.
The Company announced on January 17, 2025 that its financial results for the year ended
December 31, 2024 would be released on or about March 14, 2025. The Company is
evaluating the impact of the temporary cessation of mining operations on these financial
disclosures and will not be in a position to release these results on the timing previously
planned but currently does not anticipate that these filings will be materially delayed.
By order of the Board
13 March 2025
JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
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 contained herein include, without limitation, intention to resume
mining operations when security conditions permit and timing for the filing of the Company's 2024 annual
financial results. 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. Factors that may cause actual results to differ materially from expected results described in
forward-looking statements include, but are not limited to: the uncertainty of developments in and the
outcome of the current civil unrest and security situation in the eastern Democratic Republic of the
Congo as well as those risk factors set out in the Company's most recent annual Management
Discussion and Analysis and other disclosure documents available under the Company's profile at
www.sedarplus.ca. 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.
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
Date: 13-03-2025 03:28:00
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