Mr. Blair Naughty, investor, reports

BLAIR NAUGHTY ANNOUNCES ACQUISITION OF COMMON SHARES OF ALCHEMIST MINING

On Aug. 19, 2014, Blair Naughty acquired beneficial ownership of 1.8 million common shares in the capital of Alchemist Mining Inc.

As of Aug. 19, 2014, Mr. Naughty acquired beneficial ownership of 1.7 million units in the capital of Alchemist Mining at the closing of the private placement offering as announced by Alchemist Mining press release dated May 20, 2014. Each unit consisted of one common share and one common share purchase warrant and were purchased at a price of 5.5 cents per unit. Each warrant entitles Mr. Naughty to acquire one common share for a period of 24 months at a price of 10 cents per common share in the first year and 20 cents in the second year, subject to acceleration. Mr. Naughty had a starting balance of 100,000 common shares and 40,000 warrants before the private placement closed.

As a result, Mr. Naughty currently holds 1.8 million common shares, representing approximately 17.6 per cent of the currently issued and outstanding common shares of Alchemist Mining.

There are no other persons acting jointly or in concert with Mr. Naughty.

Mr. Naughty effected the acquisition of common shares for investment purposes. Mr. Naughty reserves the right to purchase additional securities of Alchemist Mining or from time to time to dispose of any securities of Alchemist Mining that he may own.

An early warning report dated Aug. 19, 2014, has been filed on SEDAR under the profile of Alchemist Mining.