ALPHAMIN RESOURCES CORPORATION - Alphamin Announces CAD$0.13 per share Final FY2025 Dividend/ Files Q1 2026 Financial Statements and MD&A

Alphamin Announces CAD$0.13 per share Final FY2025 Dividend/ Files Q1 2026 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$0.13 PER SHARE FINAL FY2025 DIVIDEND/ FILES Q1
2026 FINANCIAL STATEMENTS AND MD&A

MAURITIUS – April 29, 2026 – Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)
("Alphamin" or the "Company") announced today a Final FY2025 dividend and the filing of its
unaudited condensed consolidated financial statements and accompanying Management's
Discussion and Analysis ("MD&A") for the three months ended March 31, 2026 on SEDAR+
at www.sedarplus.ca.

The Q1 Financial Statements are also available on the JSE's cloudlink at
https://senspdf.jse.co.za/documents/2026/jse/isse/aphe/q12026.pdf

Final FY2025 Dividend Declared
The Board has declared a Final FY2025 cash dividend of CAD$0.13 per share on the common
shares (approximately US$122 million in the aggregate) (the "Dividend"). The Dividend will be
payable on June 5, 2026 to shareholders of record as of the close of business on May 22,
2026. The Dividend equates to Zac157.17260 cents per Alphamin share (based on an
exchange rate of CAD$1.00 = ZAR12.0902 as at Tuesday, 28 April 2026.

For holders of Alphamin shares in South Africa, the salient dates of the Dividend on the JSE
Limited ("JSE") are:
                                                                                      2026
 Declaration date                                                      Wednesday, 29 April
 Last day to trade cum Dividend                                            Tuesday, 19 May
 Alphamin shares commence trading ex-Dividend                            Wednesday, 20 May
 Record date to receive the Dividend                                        Friday, 22 May
 Payment date                                                               Friday, 5 June

Shares certificates on the South African branch register may not be rematerialised or
dematerialised between Wednesday, 20 May 2026 and Friday, 22 May 2026, both days
inclusive, nor may transfer between the Canadian share register and the South African share
register take place between Wednesday, 20 May 2026 and Friday, 22 May 2026, both days
inclusive.

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

    1. the Dividend has been declared out of income reserves and is being sourced from the
       Republic of Mauritius;
    2. the 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 Dividend of
       CAD$0.13 (Zac157.17260) and a net Dividend amount of CAD$0.104 (Zac125.73808)
       for South African shareholders who are not exempt from paying Dividend Tax;
    5. Alphamin has 1 282 642 479 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:

Eoin O'Driscoll
CEO
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: eoin.odriscoll@alphaminresources.com

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.

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

Date: 29-04-2026 02:30:00
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