Alset Minerals Corp. announced that it has appointed Dong H Shim, CPA, CA., as the new Chief Financial Officer for Alset. Mr. Shim will replace Gilberto Zapata Castaneda who has relinquished his position as CFO.

Mr. Shim has served as an audit partner on numerous audit engagements with a mid-size firm located in Vancouver, British Columbia, where he audited various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical, and high-tech industries. As an audit partner, Mr. Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market. Mr. Castenada will remain a director of Alset.

He has been an integral part of its efforts in Mexico and as a result has now been appointed Country Manager for the Company. Mr. Castenada's previous participation with numerous mining ventures throughout the Zacatecas area makes him the ideal person to manage Alset's activities in Mexico. Alset has also accepted the resignation of board member John Harper.