Mr. Stephen Stares reports

ALSET APPOINTS ALLAN BARRY LABOUCAN AS PRESIDENT AND CEO

Alset Energy Corp. has appointed Allan Barry Laboucan, of Allan Barry Reports, as the company's new president and chief executive officer, effective immediately. Alset will benefit from his experience and network of professionals in the mining sector, as well as a broad network of retail to institutional investors following his work, as it moves through a strategic phase for the company's growth prospects in the lithium sector.

Mr. Laboucan, president and chief executive officer of Alset Energy, stated: "Alset Energy has some high-quality assets, and I'm excited to join the team in moving the projects forward through the challenging stages of development. When I analyzed Alset's lithium project in Mexico, I stayed focused on the quality of the assets. The Mexican salars stood out as a project that would have low costs for exploration and economic evaluation phases as well as the potential to be low cost from a development and production perspective. Drilling success and the lithium price, as well as how quickly emerging markets for lithium grow, will ultimately dictate the path we take going forward. I can close by saying that without a doubt I'm excited to take over the leadership of Alset at this time."

Alset is currently working through the requisite permitting in order to conduct exploration drilling in the salars and expects the paperwork to be filed with the appropriate authorities within the next month, with drilling to commence in the first quarter of 2017. This work will enable the company to better understand the historical work and provide insight into the potential for lithium production from brines, and thus guide further efforts to advance the projects.

About Mr. Laboucan

Mr. Laboucan is a first nation mining entrepreneur who started working in the mining sector in 1993. During his career, he has worked with some of the most talented people in geosciences, who have mentored him throughout his career.

In 2005, Mr. Laboucan founded Allan Barry Reports, and the success of his reports opened doors for appearing many times on business television and on-line media. His reports are highly respected, with some of the top talent in the sector appearing as guests on his on-line shows broadcast on his website.

About Alset Energy

Alset Energy is a TSX Venture Exchange-listed junior exploration company focused on exploring and acquiring mineral properties containing the metals needed by today's high-tech industries. The company is actively exploring in Mexico and Canada.

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