Alset Minerals Intersects Brine In New Wells At La Salada Salar, Zacatecas, Mexico

Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) is pleased to provide an update on the progress of the drilling at La Salada salar in Zacatecas, Mexico. La Salada is the first of seven salars to be drilled. All of these salars are currently under license to Alset. These salars are covered by 11 mineral concessions in which Alset owns a 100% interest (see Company news release dated 12th April 2017). In total the seven salars cover an area of approximately 3480 hectares (8600 acres).

As of May 12, 2017, one diamond drill hole and five auger holes were completed. Soil and brine samples were recovered from these holes and were delivered to independent lab personnel on May 12, 2017. These samples have been submitted for geochemical analysis, mineralogical studies and leach testing of the soils. The drilling program is ongoing and the Company will provide updates on drilling progress and on lab results as soon as they are available.

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