NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Alphamin Resources Corp. (TSX VENTURE:AFM) (the "Company") wishes to announce
that it has entered into a debt settlement (the "Transaction") agreement with a
creditor of the Company pursuant to which the Company has agreed to issue an
aggregate of 2,500,000 common shares ("Shares") at a deemed price of $0.20 per
Share. The amount of indebtedness settled by the Agreement is $500,000, which
was forwarded by the creditor to the Company in the form of a bridge loan. The
Company decided to satisfy this outstanding indebtedness with Shares in order to
preserve its cash for operations.


The Transaction is subject to the approval of the TSX Venture Exchange (the
"Exchange"). The Company will close the Transaction and issue the Shares once
the Transaction has been approved by the Exchange.


ON BEHALF OF THE BOARD OF DIRECTORS

Ross Doyle, Chief Financial Officer

This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the Shares in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any state of the United States and may not be offered or sold
within the United States (as defined in Regulation S under the U.S. Securities
Act) unless registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alphamin Resources Corp.
Level 3, Gotthardstrasse 20, CH-6304
Zug, Switzerland
+41 41 711 02 81
www.alphaminresources.com

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