ALPHAMIN ANNOUNCES RECORD Q1 EBITDA GUIDANCE OF US$158 MILLION/ EXPLORATION UPDATE

Alphamin Resources Corp. has announced record quarterly financial performance for Q1 2026, with EBITDA guidance reaching US$158 million, representing a 46% increase from the previous quarter's US$108 million. This exceptional performance was primarily driven by a significant 30% increase in tin prices, rising from an average of US$37,995 per tonne in Q4 2025 to US$49,278 per tonne in Q1 2026. The company maintained strong operational metrics with tin production of 5,026 tonnes and sales of 5,016 tonnes, while achieving a substantial net cash increase of US$128 million.

The company's All-In Sustaining Costs (AISC) increased 7% to US$17,968 per tonne sold, largely due to higher royalties, export duties, and marketing commissions tied to the elevated tin price. Alphamin reported concerns about future fuel costs, expecting premiums of 25-35% starting in Q2 2026, though direct diesel consumption currently contributes just over US$2,000 per tonne to AISC. The company's cash position strengthened significantly to US$183 million as of March 31, 2026, compared to US$56 million at the end of the previous quarter.

Alphamin's exploration program showed promising developments with 4,673 meters of drilling completed across Mpama South and Mpama North deposits. The program identified visible cassiterite mineralization in two boreholes, with particularly encouraging preliminary results from BGH196A at Mpama South showing intercepts of 7.01 meters at 2.46% tin and 3.78 meters at 3.01% tin. The company has mobilized advanced exploration technologies including downhole electromagnetic surveying tools and plans a comprehensive VTEM airborne survey covering the entire license area in Q2 2026.

Looking forward, Alphamin's exploration strategy focuses on three key pillars: resource expansion at existing deposits, new discovery within the Bisie mine vicinity, and regional growth through grassroots exploration. The company plans extensive geochemical surveys with 13,000 samples in the first phase, targeting areas with similar geological settings to the productive Mpama Ridge. These developments position Alphamin well for continued growth in the tin sector, particularly as global tin markets remain strong and the company maintains its position as a significant producer in the Democratic Republic of Congo.