ALPHAMIN ANNOUNCES AWARD OF STOCK OPTIONS AND SAR EQUIVALENT SHARES

GRAND BAIE, MAURITIUS, March 14, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has awarded stock options and SAR Equivalent Shares pursuant to its Omnibus Incentive Plan. The Company has granted stock options to acquire an aggregate of 5,900,000 common shares to employees and directors of an Alphamin subsidiary, with each option exercisable for a seven year term to acquire one common share at a price of C$0.96 per share. 5,500,000 of the options granted vest over a two year period from the date of grant. 400,000 of the options granted vest over a three year period from the date of grant.

Read more at globenewswire.com