Alphamin Resources Corp. - News Releases - CLOSING OF PRIVATE PLACEMENT OF 1,700,000 UNITS

Investors News Releases

	January 29, 2010 CLOSING OF PRIVATE PLACEMENT OF 1,700,000 UNITS
	Vancouver, Canada -- January 29, 2010 - Alphamin Resources Corp. (AFM: TSX Venture Exchange) is pleased to announce that it has closed a non-brokered private placement of 1,700,000 units at a price of $0.125 per unit for gross proceeds of $212,500. Each unit is comprised of one (1) common share and one (1) non-transferable share purchase warrant, each warrant entitling the holder to purchase one (1) additional common share of the Company at a price of $0.165 per share until January 19, 2012. The securities issued and all securities issuable thereunder pursuant to the private placement are subject to a hold period until May 20, 2010. The placement proceeds will be used by the Company for general working capital and continued exploration work on the Company's properties in Mexico. ON BEHALF OF THE BOARD OF DIRECTORS s/ "A. Cameron Richardson" A. Cameron Richardson, 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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