ALPHAMIN RESOURCES CORPORATION - Alphamin advised of agreement by major shareholder for sale of majority interest in the Company

Alphamin advised of agreement by major shareholder for sale of majority interest in the Company

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 ADVISED OF AGREEMENT BY MAJOR SHAREHOLDER FOR SALE OF
MAJORITY INTEREST IN THE COMPANY

GRAND BAIE, MAURITIUS – June 4, 2025 – Alphamin Resources Corp. (AFM:TSXV,
APH:JSE AltX) (the "Company") announced today that it has been advised by its 57% majority
shareholder, Tremont Master Holdings ("TMH"), that Tremont has entered into a definitive
agreement for the sale of 718,990,967 common shares of the Company, representing
approximately 56% of the outstanding common shares, to AbuDhabi-based International
Resource Holding ("IRH") at a price of C$0.70 share, or C$503,293,677 (US$367,001,749) in
the aggregate, and subject to certain completion adjustments that may decrease the total
consideration. Details of the proposed transaction are contained in a joint news release issued
by TMH and IRH dated June 3, 2025 (the "News Release").

As disclosed in the News Release, IRH is an Abu Dhabi-based global mining company,
focused on securing and optimizing industrial metals supply chains. IRH invests in high-quality
upstream and midstream assets to enhance the stability and efficiency of global raw material
markets. The News Release also discloses that closing of the transaction is subject to certain
closing conditions, including, among others, the receipt of all regulatory and internal corporate
approvals.

The board of directors of Alphamin is evaluating the impact, if any, of the proposed transaction
to the Company.

By order of the Board

5 June 2025

JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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: 05-06-2025 08:24:00
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