AFM Alphamin Resources Corp

Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") is
pleased to announce that it has commenced various technical studies to support a
definitive feasibility study (DFS) which is on track to commence by end 2014 on
its wholly owned Bisie Tin Prospect (Bisie Project) in east central Democratic
Republic of Congo (DRC). Following successful completion of the DFS,
construction of the commercial mine at Mpama North is scheduled to commence in
2016.


Exploration Activities: 

Since drilling commenced in February 2014, the Company has completed the
metallurgical drilling programme at Mpama North (Figure 1) and has intersected
visible tin mineralization down to 400m below surface in the deep drilling
programme. Twenty seven PQ holes resulting in 2,783m were drilled in the
metallurgical programme and all samples have been shipped to South Africa for
metallurgical testing. As part of the infill and step-out drilling programmes at
Mpama North, a total of 5,673m were diamond drilled from twenty two holes along
strike and at depth. A Mineral Resource update is expected during the fourth
quarter of 2014. 


A third rig is on site and will commence drilling on Mpama South and along
strike of the Bisie Ridge on selected regional targets as defined from soil
sampling and geophysics.


An airborne magnetic and radiometric survey was completed in the second quarter
of 2014 over the project area. Data has been interpreted. Soil and stream
sediment sampling programmes have been completed over prospective areas on
PR5266, which holds the Mpama North and South anomalies, and adjacent PR10346.
Well defined soil and stream anomalies will be further evaluated with detailed
soil sampling and drilling.


Technical Studies: 

Bara Consulting (Pty) Ltd have been contracted to develop the mine design,
equipment selection and production schedule for the Mpama North mine.


Metallurgical testwork and piloting has commenced at Maelgwyn Mineral Services
Africa (Pty) Ltd on a 7 tonne bulk sample in conjunction with Mintek, SGS South
Africa (Pty) Ltd and other leading South African laboratories and equipment
suppliers. 


Logistics and infrastructural studies for the project including access to site,
construction facilities, employee facilities, water supply, electricity
solutions, product transport and the potential for on-site smelting has
commenced at Paradigm Project Management (Pty) Ltd. 


The studies will focus on maximizing local employment and services to create
community support and a sustainable environment within the project area.


Pangea Exploration (Pty) Ltd is over-seeing and managing the various technical
studies which are expected to be completed during the fourth quarter of 2014
prior to commencing with the DFS before year end.


Community Development Initiatives: 

The Company is committed to the initiation of community development projects to
benefit the local and regional communities from the project's operating presence
in the area. An example of this is the labor intensive construction of a road
joining Bisie to the main Walikale-Kisangani Road, which has employed a number
of members from the local community. 


The Company is in the process of establishing a Foundation encompassing the
local communities, which will collectively facilitate the implementation of a
number of social and community upliftment and development programmes. The
Company has contracted Coastal and Environmental Services (CES) to conduct a
detailed socio-economic baseline study. CES will identify suitable projects
which together with the Company and the Foundation, will be earmarked for
implementation during the study or once the project development commences.


Mining Permit Application: 

The conversion of part of Exploration Permit PR5266 into a Mining Permit is in
progress. The application is currently being assessed by the Environmental
Department and once approved the technical study will need approval. Granting of
the Mining Permit is key to the timing and development of the project.


Artisanal Mining and Validation: 

The Ministry of Mines initiated an evaluation of prospective artisanal mining
sites for Conflict Free Validation in North Kivu raised expectations that Bisie
would be included in the list of sites that would be considered for Conflict
Free Validation. The evaluation team disproved Bisie as a potential Validation
site for artisanal mining as a consequence of the depletion of all shallow ore
at depths above 35m. The resultant deep artisanal tunnels are extremely
hazardous to those working in them. 


Whilst it is the Company's view that the Validation of the Bisie Project cannot
legally occur, continued efforts are being made to get the necessary support
from the authorities in the DRC. As a result of the Validation matter being
unresolved, the Bisie Project has seen an increase in the number of artisanal
miners on site. Whilst to date this has not caused any issues to the current
operations or drilling activities, this matter does need to be resolved if a
commercial mine is to be developed at Bisie.


Appointment of Chairman: 

The Company is further pleased to announce the appointment of Mr Charles Needham
as Chairman of the Board of Directors to steer the Company as it moves towards
production on its wholly owned Bisie Tin Prospect. Mr Needham has a long and
distinguished career in stewardship of mining companies and brings considerable
experience in the development of mining projects in the DRC.


Mr Needham started his career doing his articles with Bernstein & Malkin before
moving to Rand London Corporation in 1978, becoming the Group Financial Manager.
He then joined Metorex Ltd in 1983, going on to become the CEO, and Chairman of
its subsidiary companies in the group. Mr Needham currently serves as the
Corporate Affairs Executive for Metorex Ltd and Chairman of its subsidiary
companies. During his tenure at Metorex he was involved in the development of
Ruashi Copper mine in Katanga, DRC. This was one of the first commercial mines
to be developed in Katanga after the DRC opened up to international investment.
Mr Needham has been instrumental in developing and maintaining the good
relations Ruashi now enjoys in the DRC.


Security: 

The Company continues to conduct work programmes on the project with minimal
interruption since commencement in February 2014. Reports have been received
that the National DRC Army (FARDC) together with MONUSCO have commenced an
operation to reduce rebel activity in the region which will further stabilize
the area making it more conducive to foreign investment.


Jeremy Witley, a qualified person under National Instrument 43-101, has verified
technical data relating to Mineral Resources and Exploration disclosed in this
release.


ON BEHALF OF THE BOARD OF DIRECTORS

Brendon Jones, Interim 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.


NOTES

Prospect Name Changes

The two main target areas at Bisie, previously referred to as Gecomines and
Golgotha, have been renamed to Mpama North and Mpama South respectively.


To view "Figure 1: Location of deep drill holes and metallurgical drill holes at
Mpama North," please visit the following link:
http://media3.marketwire.com/docs/alphamin_resources_956794_fig01_july10.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alphamin Resources Corp.
+41 41 711 02 81
www.alphaminresources.com

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