Mr. Ali Alrashdi of International Resource Holding reports

INTERNATIONAL RESOURCES HOLDING COMPLETES ACQUISITION OF MAJORITY STAKE IN ALPHAMIN RESOURCES CORP.

International Resources Holding (IRH) has completed its previously announced acquisition of a 56-per-cent majority interest in Alphamin Resources Corp. from Tremont Master Holdings.

Ali Alrashdi, chief executive officer of International Resources Holding, commented: "This acquisition marks a significant milestone for IRH. We see Alphamin and its operations at Bisie not just as a world-class tin asset, but as a strategic opportunity for the long-term development of a vital resource for the green energy transition and a long-term boost to development in north Kivu, through investment in sustainable operations, skills development and local partnerships. We look forward to working closely with Alphamin management and the communities around Bisie to unlock shared value."

IRH, through its wholly owned subsidiary, Alpha Mining Ltd., has acquired 718,990,967 common shares of Alphamin from Tremont at a price of 70 Canadian cents per share, representing approximately 56 per cent of the outstanding shares of Alphamin. IRH has paid Tremont $367,001,749 (U.S.) in cash for the acquired shares.

Required early warning disclosure

Immediately prior to entering into the definitive agreement regarding the transaction, IRH did not own any common shares.

Prior to completion of the transaction, Tremont owned 729,124,559 common shares, representing approximately 57 per cent of the outstanding common shares, and upon completion of the transaction, continues to hold 10,133,592 common shares, representing approximately 0.8 per cent of the outstanding common shares.

IRH has acquired the acquired shares for investment purposes. IRH intends to review its investment in Alphamin on a continuing basis and, depending upon various factors, including without limitation, the price and availability of Alphamin's securities, subsequent developments affecting Alphamin, its business and prospects, other investment and business opportunities available to IRH, general industry and economic conditions, the securities markets in general, tax considerations, and other factors deemed relevant by IRH, IRH may: (i) change its beneficial ownership of the common shares, whether through transactions effected in the open market, by privately negotiated agreements or otherwise; or (ii) consider or propose, develop plans or take action that relate to or would result in, one or more of the actions described in subparagraphs (a) to (k) of item No. 5 of Form 62-103F1, Required Disclosure Under the Early Warning Requirements. Among other things, IRH may in the future consider the appropriateness of exploring one or more transactions to acquire the balance of the outstanding common shares after discussion with Alphamin's shareholders, board of directors and/or other stakeholders.

Tremont holds its common shares for investment purposes. The disposition of common shares was undertaken in the ordinary course of business for investment purposes.

The transaction was not completed through any stock exchange or other securities market. The acquisition of the common shares was made by way of private agreement with five or fewer third parties at a price per share not exceeding 115 per cent of the market price of the common shares and in compliance with the private agreement exemption under Section 4.2(1) of National Instrument 62-104, Take-Over Bids and Issuer Bids.

Copies of the early warning reports of both IRH and Tremont with respect to the transaction will be filed under Alphamin's SEDAR+ profile, and may also be obtained by contacting IRH and Tremont.

The head office of Alphamin is located care of Adansonia Management Services Ltd., Perrieri Office Suites, C2-302, Level 3, Office Block C, La Croisette, Grand Baie, 30517, Mauritius.

About International Resources Holding (IRH)

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.

About Tremont Master Holdings

Tremont is an investment holding company incorporated under the laws of Mauritius.