ALPHAMIN ANNOUNCES RECORD FY2025 TIN PRODUCTION /FY2026 PRODUCTION GUIDANCE/ EXPLORATION UPDATE/ SENIOR MANAGEMENT CHANGES

The news release from January 19, 2026, reports record-breaking performance for Alphamin in FY2025, following a volatile year. - FY2025 Production: 18,576 tonnes of contained tin (a record), exceeding the revised guidance of 18,000–18,500 tonnes. - Q4 2025 Performance: 5,008 tonnes produced with an EBITDA guidance of USD 108 million. - FY2026 Guidance: The company is targeting 20,000 tonnes of contained tin, suggesting the Mpama South expansion is now running at nameplate capacity. - Exploration Highlights: Exceptional drilling results from Mpama North, specifically hole MNUD009, which returned 10.1m at 41.47% Sn. This is an extraordinary grade for a base metal. - Corporate Changes: CEO Maritz Smith is retiring effective March 1, 2026. He will be succeeded by the current CFO, Eoin O'Driscoll. JP van Staden has been appointed as the new CFO. - Shareholder Returns: A CAD $0.11 per share dividend was declared, significantly higher than previous interim payments ($0.04 and $0.07).

This update is materially positive as it proves the company’s ability to generate massive cash flow (USD 341 million FY2025 EBITDA) even after a major security-related shutdown in Q1 2025. - Financial Strength: The USD 108 million Q4 EBITDA on an achieved tin price of USD 37,995/t demonstrates high margin stability. The AISC remains controlled at approximately USD 16,861/t. - Exploration Potential: The 41.47% Sn intercept at Mpama North indicates the potential for a significant resource upgrade and life-of-mine extension at grades far exceeding global averages. - Dividend Yield: The CAD $0.11 dividend represents an approximate 8.4% yield on the current share price, which is very high for a growth-oriented miner. - Management Risk: The departure of Maritz Smith is a point of concern. Smith led the company through the construction and successful ramp-up of Mpama South and the 2025 security crisis. Eoin O'Driscoll’s transition from CFO to CEO suggests a focus on capital allocation and dividends, but operational continuity in the DRC must be monitored.

Alphamin Resources operates the Bisie Tin Mine in the North Kivu province of the DRC. The project consists of Mpama North (original mine) and Mpama South (newly commissioned). It is one of the highest-grade tin mines in the world. The company focuses on high-margin production and significant exploration of its 13km-long "Bisie Ridge" mineralized trend.