Alphamin Resources Corp.
TSX VENTURE : AFM

Alphamin Resources Corp.

February 09, 2015 14:33 ET

Alphamin Resources Corp.: Granting of Mining License

GRAND BAIE, MAURITIUS--(Marketwired - Feb. 9, 2015) - Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") is pleased to announce receipt of Mining License PE 13155 which covers a portion of its wholly owned PR5266 and includes the Bisie Tin Prospect in East Democratic Republic of Congo (DRC). Please see figure 1 below and Annex 1.

Granting of the mining license has been one of the key milestones for the development of the Bisie Project. The Company has commenced with definitive feasibility studies and is on track to commence construction and development in early 2016.

"I am pleased to have achieved this milestone which affirms the support of the Government of DRC", said CEO Bruce Curling.

To view Figure 1: Position of the new Alphamin Mining Licence (PE 13155), please visit the following link: http://media3.marketwire.com/docs/ARC_fig1.jpg

ON BEHALF OF THE BOARD OF DIRECTORS

Bruce Curling, Chief Executive Officer

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.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the Company's planned exploration programs. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for tin and other precious and base minerals involves a high degree of risk and is highly speculative in nature; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents.

There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of tin and other precious and base metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.

Alphamin does not undertake to update any forward-looking information, except as required by applicable laws.

To view ANNEX 1: Notification of the Granting of PE 13155, please visit the following link: http://media3.marketwire.com/docs/ARC_anx.pdf

Contact Information

  • Alphamin Resources Corp.
    Bruce Curling
    Chief Executive Officer
    +27 82 567 7216
    bruce.curling@alphaminresources.com

    Alphamin Resources Corp.
    C1 - 203, At Bureaux
    La Croisette
    Grand Baie
    Mauritius