Mr. Maritz Smith reports

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

Alphamin Resources Corp. has been advised by its 57-per-cent 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 per cent of the outstanding common shares, to AbuDhabi-based International Resource Holding (IRH) at a price of 70 cents a share, or $503,293,677 ($367,001,749 (U.S.)) 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.

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 mid-stream 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.