Grand Baie, MAURITIUS, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the quarter ended September 2023:

Tin production of 3,104 tonnes for the quarter, in line with the previous quarter
Q3 2023 EBITDA3,4 guidance of US$38.3m, up 8% from the previous quarter
Mpama South development projected to increase annual tin production by 60% progressing well
Additional debt facilities secured
Operational and Financial Summary for the Quarter ended September 202321Data obtained from International Tin Association Tin Industry Review 2022 2Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 3Q3 2023 EBITDA and AISC represent management’s guidance. 4This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

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