Alchemist Mining Announces Corporate Update

VANCOUVER, BC / ACCESSWIRE / November 13, 2018 / ALCHEMIST MINING INC. (CSE: AMS) ("Alchemist" or the "Company") announces that in preparation for its change of business, the option agreement dated March 3, 2017 whereby the Company could acquire up to 100% interest in the Aubaine Gold Property, has been terminated.

"These are exciting times for Alchemist as we solidify our plan to transition from mining into the technology sector," stated CEO, David Gdanski.

The Company further announces that it has entered into a debt settlement agreement pursuant to which the Company has agreed to issue 181,800 common shares (each, a "Share"), at a deemed price of $0.055 per Share, to settle indebtedness of $9,999 (the "Transaction"). All securities issued in this Transaction are subject to a statutory four-month and one-day hold period.

For further info on the Company, please email dgdanski@alchemistmining.com.

On Behalf of the Board
Dave Gdanski, CEO
Alchemist Mining Inc.
(778) 903-7325

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements.

SOURCE: Alchemist Mining Inc.