ALPHAMIN ANNOUNCES FILING OF YEAR END FINANCIAL RESULTS/AWARD OF LONG TERM INCENTIVES/EXPLORATION UPDATE

Alphamin Resources Corp. delivered robust financial and operational performance in fiscal year 2025, demonstrating the strength of its Bisie tin mine operations in the Democratic Republic of Congo. The company achieved contained tin production of 18,576 tonnes, representing a 7% increase from the previous year and meeting its revised guidance range of 18,000-18,500 tonnes. This performance was particularly noteworthy given the temporary cessation of operations in March 2025 due to security concerns, with production resuming in a phased manner from April 15, 2025.

Financially, Alphamin posted impressive results with EBITDA increasing 25% to US$341 million, driven by higher production volumes and a 13% increase in average tin prices to US$34,373 per tonne. The company's strong cash generation capabilities were evident in its ability to maintain US$56 million in cash at year-end despite significant outflows including US$45 million in debt service, US$106 million in DRC tax payments, and US$123 million in dividend distributions. With current tin prices trading around US$50,000 per tonne, substantially higher than the FY2025 average, the company is well-positioned for enhanced cash flow generation in 2026.

Looking forward, Alphamin has provided production guidance of approximately 20,000 tonnes for 2026, representing an 8% increase from FY2025 levels. The company is significantly expanding its exploration efforts under new Head of Exploration Jamie Anderson, who previously led the successful Mpama North and South drilling campaigns. The exploration strategy focuses on three key objectives: extending mine life through resource base expansion, discovering new tin deposits near the Bisie mine, and conducting grassroots exploration across their extensive land package. A substantial drilling campaign is planned for 2026 with four drill rigs operating, supported by advanced techniques including downhole electromagnetic surveys and a comprehensive VTEM airborne geophysical survey scheduled to commence in March 2026.

The announcement also included the award of long-term incentives totaling 4.1 million stock options and 1.68 million share appreciation right equivalent shares to employees and senior officers, demonstrating the company's commitment to talent retention and alignment with shareholder interests. While security risks in the DRC remain a concern requiring continuous monitoring, Alphamin continues to operate within established parameters while maintaining its focus on employee safety and regulatory compliance. The combination of strong operational performance, robust financial position, and expanded exploration initiatives positions Alphamin favorably in the global tin market.