ALPHAMIN RESOURCES CORPORATION - Alphamin announces CAD$0.04 per share second Interim FY2025 Dividend/ Files Q3 2025 Financial Statements and MD&A

Alphamin announces CAD$0.04 per share second Interim FY2025 Dividend/ Files Q3 2025 Financial Statements and MD&A

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006


ALPHAMIN ANNOUNCES CAD$0.04 PER SHARE INTERIM FY2025 DIVIDEND/ FILES Q3 2025 FINANCIAL STATEMENTS AND MD&A


MAURITIUS – November 3, 2025 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)
("Alphamin" or the "Company") announced today the declaration of a second interim FY2025
dividend and the filing of its unaudited condensed consolidated financial statements and
accompanying Management's Discussion and Analysis ("MD&A") for the three and nine
months ended 30 September 2025 on SEDAR+ at www.sedarplus.ca.

The financial statements for the quarter ended 30 September 2025 are also available on the
JSE's cloudlink at https://senspdf.jse.co.za/documents/2025/jse/isse/aphe/Q32025.pdf

Second Interim FY2025 Dividend Declared
The Board has declared a second interim FY2025 cash dividend of CAD$0.04 per share on
the common shares (approximately US$37 million in the aggregate) (the "Dividend"). The
Dividend will be payable on December 8, 2025 to shareholders of record as of the close of
business on November 21, 2025.

The Company intends to make a Final FY2025 dividend decision in April 2026 to align with the
timing of holding the annual general meeting of Alphamin Bisie Mining SA (ABM), the
Company's DRC operating subsidiary, to approve ABM's annual financial statements and to
consider the declaration of a dividend for distribution to its shareholders.

The gross amount of CAD$0.04 per Alphamin share, being the equivalent of ZA49.47480 cents
per Alphamin share is based on an exchange rate of CAD$1.00 = ZAR12.3687 as at Friday,
31 October 2025.

The salient dates of the cash dividend on the JSE Limited ("JSE") are as follows:

                                                                                  2025
 Declaration date                                                   Monday, 3 November
 Last day to trade cum cash dividend                              Tuesday, 18 November
 Alphamin shares commence trading ex-dividend                   Wednesday, 19 November
 Record date to receive the cash dividend                          Friday, 21 November
 Payment date                                                       Monday, 8 December

Shares certificates on the South African branch register may not be rematerialised or
dematerialised between Wednesday, 19 November 2025 and Friday, 21 November 2025, both
days inclusive, nor may transfer between the Canadian share register and the South African
share register take place between Wednesday, 19 November 2025 and Friday, 21 November
2025, both days inclusive.

In accordance with the JSE Listings Requirements, the following additional information is
disclosed for South African resident shareholders:

1.   the cash dividend has been declared out of income reserves and is being sourced from
     the Republic of Mauritius;
2.   the cash dividend is regarded as a "foreign dividend" (as defined in the South African
     Income Tax Act No. 58 of 1962) for South African resident shareholders holding shares
     on the South African register;
3.   Alphamin has no tax registration in South Africa;
4.   the local dividend tax ("Dividend Tax") rate is 20%, resulting in a gross cash dividend of
     CAD$0.04 (ZAc49.47480) and a net cash dividend amount of CAD$0.032
     (ZAc39.57984) for South African shareholders who are not exempt from paying Dividend
     Tax;
5.   Alphamin has 1 278 910 479 shares in issue; and
6.   Alphamin shareholders who are in doubt as to their tax status or position, including any
     exchange control requirements, should consult an appropriate independent professional
     advisor in their relevant jurisdiction without delay.
_________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith
CEO
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: msmith@alphaminresources.com

4 November 2025

JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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.

Date: 04-11-2025 08:52:00
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