MPC Madison Pacific Properties Inc

Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") is
pleased to announce that it and its British Virgin Islands subsidiary ("Alphamin
BVI") have exercised their option under their agreement with Kivu Resources Ltd.
("Kivu"), dated March 18, 2011 as amended, to acquire an additional 20% of
Mining and Processing Congo Sprl ("MPC"), the company that is the registered
owner of the licences covering the Bisie Tin Project in the Democratic Republic
of the Congo, by the issuance of 19,335,747 Alphamin shares. This will increase
Alphamin BVI's ownership of MPC to 90%. Kivu has instructed Alphamin to issue
the shares to 12 of its shareholders.


Furthermore, Alphamin and Alphamin BVI have entered into an agreement with Kivu
to acquire the final 10% of MPC, such that Alphamin BVI will own all of the
issued shares of MPC, in consideration for the issuance of an additional
9,664,253 shares to Kivu or its nominees.


Both transactions will result in an aggregate 29,000,000 shares (the "Shares")
being issued and both are subject to the approval of the TSX Venture Exchange.
Upon the issuance of the Shares, Alphamin will have issued and outstanding
103,444,571 shares.


In addition, warrants to purchase up to 2,400,000 shares of Alphamin at $0.80
for a period of one year from the date the last of the Shares are issued will be
granted as a finder's fee, subject to the approval of the TSX Venture Exchange.


Cosme Beccar Varela, Alphamin's President and CEO, stated: "We are very pleased
that Alphamin is acquiring 100% control of the Bisie Tin Project, which will
facilitate our exploration and development of this important property."


The Bisie Tin Project

The Bisie Tin Project is located within the Walikale District roughly 140 km
west-northwest of the regional centre of Goma which is located on the border
with Rwanda, which has excellent infrastructure being one of the best developed
countries in Africa. 


Tin was first discovered at Bisie in 2004 and was mined illegally until recent
times. The occurrence is unique with grades of 50-95% SnO2 (tin oxide -
cassiterite) reported from high grade chutes which attracted a large informal
mining and support community. This potential grade is conceptual in nature.
Insufficient exploration has been done to define a mineral resource and it is
uncertain if further exploration will result in the target being delineated as a
mineral resource.


The Government imposed a moratorium on small scale tin mining in 2010 which saw
a mass movement of people off the Property thereby creating a favorable
environment for the Company to acquire ownership and commence detailed
exploration programs. 


The Company announced on 9th July 2012 that it has commenced drilling on the
Bisie Project with first results expected in August 2012. An initial drilling
program of 2,800 metres will test the two main zones worked extensively by
artisanal miners roughly 100m vertically below surface. Holes will cover 700m of
delineated tin mineralisation. 


A second more extensive phase of drilling will be planned according to results
of the first phase of diamond drilling.


Tin mineralization is within a set of north-south trending quartz/cassiterite
veins in schists exposed over 1km along a ridge which transgresses the project
for more than 9km. Initial drilling indicates that veins lie within a 30m wide
mineralized zone enriched in quartz, chlorite, cassiterite, pyrite and
chalcopyrite.  


The Company will initiate a soil sampling program along the 9km ridge which will
identify any additional zones of tin mineralization. 


Alphamin has an experienced management team in place, has set up an office in
Goma and has established an exploration camp at Bisie to accommodate exploration
staff.


Lars Pearl, a qualified person under National Instrument 43-101, has verified
technical data disclosed in this release. 


ON BEHALF OF THE BOARD OF DIRECTORS

"Cosme Maria Beccar Varela", President and CEO

This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. These statements are
only predictions and involve known and unknown risks, uncertainties and other
factors that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein.

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