Alphamin Announces Conversion of Convertible Notes

205 – 16055 Fraser Highway, Surrey, B.C. V4N 0G2 Tel: (604) 507-2181 Fax: (604) 507-2187 www.alphaminresources.com

News Release 2012-2

ALPHAMIN ANNOUNCES CONVERSION OF CONVERTIBLE NOTES

Vancouver, Canada –March 19, 2012 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin” or the “Company”) is pleased to announce that, further to its news release of August 18, 2011, $5,000,000 in convertible notes have now been converted automatically into 6,250,000 shares of the Company at $0.80 each. In addition, the Company will soon be issuing the final 10,000,000 shares to be issued with respect to its acquisition of an initial 70% interest in the Bisie Tin Project in the North Kivu Province, in the Democratic Republic of the Congo. These two shares issuances and a related finder’s fee will bring to 68,344,571 the number of shares issued and outstanding in Alphamin.

ON BEHALF OF THE BOARD OF DIRECTORS

“Cosme Maria Beccar Varela”

Cosme Maria Beccar Varela, President and CEO

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.