Alset files for Final Approval of Private Placement

November 4, 2016

Thunder Bay, Ontario: Alset Energy Corp. (TSXV: ION) (“Alset” or “the Company”) announces that it has filed with the TSX Venture Exchange documents for final approval of its private placement financing (see previous news releases dated October 6, 2016 and October 13, 2016). Gross proceeds total $460,240 consisting of 288,334 flow-through units (“FT”) for $34,600 and 4,256,400 non flow-through units (“NFT”) for $425,640.

Each FT unit will be issued at $0.12 and will consist of one (1) FT common share and one-half of one common share purchase warrant, each full common share purchase warrant being exercisable at $0.20 cents for 24 months. FT funds will be used to advance the Wisa Lake spodumene and Champion Graphite projects in Ontario.

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