Northwire Canada EditionTuesday, August 11, 2026
Northwire
CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8%

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Original News Release

Alpha Exploration appoints Wilton as full-time CEO

Mr. Michael Hopley reports ALPHA EXPLORATION ANNOUNCES CEO APPOINTMENT, AND EXPANDED GOLD PROSPECT TARGETS WITH RAB DRILLING RESULTS Alpha Exploration Ltd. has appointed John Wilton as full-time chief executive officer and has provided results from recent shallow RAB (rotary air blast) drilling at the Aburna gold project. Michael Hopley, chairman of Alpha, stated: "We are very pleased to welcome John to the company in the role of CEO. His successful track record in discovery and management of high-quality gold and copper exploration teams in Africa, coupled with experience in leading a listed junior exploration and development company, make him the ideal fit with our existing strong management team and directors. "John's specific experience in running teams, from cost-effective grassroots discovery through resource building and into mine development scoping and feasibility studies, will add significant further shareholder value to the company's advancing gold and base metal exploration projects. We would also like to thank Tim Livesey for stepping in as interim CEO during the past few months and look forward to his ongoing inputs in his main role as a director of Alpha." In addition, while the current gold exploration and evaluation drilling program progresses at the Aburna gold project, the company can report new positive results, which indicate an expanding footprint to this prospect. These results are from a shallow rotary air blast (RAB) drill program designed to test areas of potential gold mineralization underlying thick or transported soil cover. This gold prospect, the Anagulu gold-copper prospect, the Tolegimja base metal prospect and the Kosolda gold target are all located at Alpha's 100-per-cent-owned, 514-square-kilometre Kerkasha concession in Eritrea. John Wilton, chief executive officer of Alpha, stated: "Having now visited the exploration team in Eritrea and after reviewing the company's existing prospects for both gold and copper mineralization in the field, it is very encouraging that the team, led by our in-country manager, has been able to deliver several new compelling gold targets at Aburna. These targets represent both potential extensions and satellite targets to the drilled Aburna project gold mineralization. The combination of the advanced exploration status of the generally shallow gold mineralization intercepted to date within the large seven-kilometre-by-two-kilometre-scale Aburna gold project represents a substantial value unlocking opportunity for current and future stakeholders." Aburna gold project: recent shallow RAB drilling results The results of the RAB drilling program to date returned several gold-in-bedrock anomalies below areas of transported thin soil and under areas of relatively thick soil cover. These targets are situated predominantly between the Central and Northeast prospects and to the northwest and west of the Hill 52 prospect. The general dip of the host units and structures of the existing mineralization means these new targets are largely untested. Interpretation of the RAB results suggests materially increased target footprints to the known gold mineralization. The scale of these individual targets ranges from 125 to 450 metres along trend. These individual target footprints potentially also represent the shallow expressions of larger plunging shoots/zones at depth as witnessed within the recognized drilled prospects. The tenor of the interpreted target anomalies RAB samples range from 0.26 gram per tonne gold to 9.76 g/t gold (see Table 1), with the entire RAB drilling data sample results ranging from less than 0.004 g/t gold to 9.76 g/t gold. The target anomalies are further supported by samples with more than 0.1 g/t and more than 0.025 g/t gold. These new RAB targets, with the existing drilled gold prospects and the along trend, geologically interpreted the extent (approximately seven kilometres) of the Aburna gold system. This demonstrates the considerable scale and upside exploration potential of the Aburna gold project. Importantly, when comparing these RAB results with previous surface soil sampling, this indicates that certain areas of the soil cover are likely formed of immature and/or partially transported material. This opens the potential for these and further satellite targets and extensions to known gold mineralization in the other flat-relief areas of property with little or no outcrop. The results also demonstrate that such areas can be tested by cost- and time-effective shallow RAB with follow-up reverse circulation (RC) or core drilling. Of the current phase of RAB drilling, 796 holes have been completed and the last batch of results was received at the end of September, 2025. The company plans to complete the planned infill RAB drilling lines to define these targets for prioritization ahead of follow-up testing with RC or core drilling. Table 1 below lists the selected RAB drill holes, depths and sample intervals and gold results. Quality assurance and quality control The results reported here for the RAB drilling were analyzed by Intertek Minerals Ltd., an independent and accredited laboratory located in Tarkwa, Ghana. The RAB drilling was managed by Alpha Exploration's field team, with the field operations conducted in line with the standard operating procedures implemented at this project. Representative material of bedrock and weathered bedrock for the deepest two one-metre samples of each RAB drill hole was screened to provide approximately 200 grams of minus-75-micron material. Approximately 60 grams of subsample are allocated for gold fire assay. A two-kilogram sample of the original sample is retained as a reference sample. The 60-gram samples, with inserted QA/QC samples of blanks and certified reference material every 20th field sample, were shipped directly to Intertek Minerals in Tarkwa, Ghana. These gold results at the laboratory were determined by using a 30-gram subsample for fire assay (FA) and atomic absorption spectroscopy (AAS) finish (Intertek code: FA30/AA). The RAB drilling was conducted by Colonnade Mining Group Eritrea Ltd. Qualified person All scientific and technical information in this press release, including the results of the Aburna drill program and how these results relate to the continuing exploration at the Kerkasha project, has been reviewed, verified and approved by Chris Bargmann, CGeol, FGS, consultant for Alpha and a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Alpha Exploration Ltd. Alpha is an exploration company that is rapidly advancing a number of important gold and base metal discoveries across its 100-per-cent-owned, 514-square-kilometre Kerkasha project in Eritrea. The Aburna gold prospect is an exciting new gold discovery, where recent drilling has confirmed a high-grade mineralized system, with grades including 18 metres at 15.33 g/t Au, 16 metres at 14.07 g/t Au, nine metres at 10 g/t Au and 23 metres at 6.74 g/t Au. The Anagulu gold-copper prospect includes recent drilling intersections of 108 metres at 1.24 g/t Au and 0.60 per cent copper and 49 metres at 2.42 g/t Au and 1.10 per cent copper within a porphyry unit mapped over at a greater-than-two-kilometre strike length. The company is managed by a group of highly experienced and successful mining and exploration professionals with long records of establishing, building and returning value to stakeholders from a number of world-class gold and base metal discoveries in Eritrea and across the wider Arabian Nubian Shield. We seek Safe Harbor.
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