Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) is pleased to announce that Gilberto Zapata Castaneda, a Mexican mining entrepreneur based in Zacatecas, Mexico, is joining the Alset board to lead business development efforts in Mexico. Gilberto Zapata Castaneda has an accounting degree, MBA, and has been active in the mining industry in Mexico throughout his career.

Gilberto built up a network of government contacts that helped Alset quickly obtain the necessary drilling permits and he will continue to play a key role in this area. He also has an excellent network of mining and business contacts throughout Mexico which help our exploration and development efforts run smoothly.

Allan Barry Laboucan, President and CEO of Alset said; “Gilberto, has been an important part of our exploration and drilling activities, his assistance has enabled Alset to complete its exploration work very rapidly on a small budget. So far, our work has presented us with results that suggest we have a dual track going forward. First, we have promising grades of lithium in the soils of the La Salada salar; second, we have high-grade potassium in the near surface brines and the soils.

It is our goal to continue to move forward to assess the economic viability of our various salars. To do this Gilberto will continue to play a key role in permitting. He will also be leading our efforts to open doors to Mexican investors and business partners for potential lithium production and in the agricultural sector. Gilberto has been an integral part of our efforts in Mexico, he is also a significant shareholder in Alset and I’m very pleased he has decided to join our board to help us move Alset forward.”

Other News

Alset has accepted the resignation of board member Brian Robertson, who will step down to make room for Gilberto Zapata Castaneda. The board would like to thank Brian for his past contributions as he helped Alset make the transition into lithium-potassium exploration in Mexico. The board would also like to wish Brian all the best and look forward to contributions he will make in the future as he will continue to be a consultant to the company.

About Alset Minerals (ION.V)

Alset Minerals Corp. is a TSX-V listed junior exploration company focused on exploring and development of a group of high-grade lithium and potassium projects in the Central Mexican Plateau. The Company is actively exploring in Mexico.

On behalf of the Board of Directors of Alset Minerals Corp.,

"Allan Barry Laboucan"

Allan Barry Laboucan, President and CEO

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.

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