Alphamin Resources Corp. - News Releases - GRANT AND REPRICING OF STOCK OPTIONS

Investors News Releases

	March 26, 2009 GRANT AND REPRICING OF STOCK OPTIONS
	Alphamin Resources Corp. (AFM: TSX Venture Exchange) announces that the Company intends to amend an aggregate 1,800,000 previously granted unexercised incentive stock options by reducing their original exercise price from $0.55 per share to an exercise price of $0.25 per share, subject to TSX Venture Exchange acceptance. 500,000 such options are held by insiders and, in accordance with the requirements of the TSX Venture Exchange, such amendment is subject to the approval of disinterested shareholders. The Company intends to seek disinterested shareholder approval at its next Annual General Meeting. The Company also intends to grant 200,000 new incentive stock options to directors and consultants, which options will be exercisable at the price of $0.25 per share for a term of five years. ON BEHALF OF THE BOARD OF DIRECTORS s/ "Cosme Beccar Varela" Cosme Beccar Varela, President and Director Neither 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 release.

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