Alpha's Drilling Confirms Second Target of Scale at Anagulu Copper-Gold Porphyry Project

Calgary, Alberta--(Newsfile Corp. - August 17, 2026) - Alpha Exploration Ltd. (TSXV: ALEX) ("Alpha" or the "Company") is pleased to announce results of its recently completed 2,722 metre H1 2026 exploration campaign, including both core and reverse-circulation ("RC") drilling, at the Anagulu copper-gold porphyry project. This work was supplemented and partly guided by the results of a 5,921 metre shallow rotary air blast ("RAB") reconnaissance drilling programme. This RAB drilling was designed to expand and identify new target footprints of the Anagulu Copper-Gold mineralization, where it is concealed under immature soil cover. HIGHLIGHTS of NEW ANAGULU COPPER-GOLD PROJECT DRILLING RESULTS ANRD016: 67.00 metres grading 0.38 percent copper ("%") and 0.10 grams per tonne ("g/t") gold      Including: 34.00 metres grading 0.61% copper and 0.15 g/t gold      Including: 12.00 metres grading 1.20% copper and 0.30 g/t gold Discovery Target Zone quartz-eye porphyry-hosted mineralization expanded 60 metres to the northeast and other copper-gold-mineralized units, associated with the broader porphyry system, extended 250 metres along trend ANR051: 25.00 metres grading 0.20% copper and 0.07 g/t gold      Including: 16.00 metres grading 0.26% copper and 0.09 g/t gold First RC drill testing of Camel target establishes this expanded 1.25 by 0.2 kilometre RAB copper target as a quartz-eye porphyry unit with copper sulphide and gold mineralization Camel Target Zone completely untested for 1.1 kilometres along trend to southwest, where width and grade of RAB target increase, with comparable RAB copper results higher than those over the original Discovery target zone The Anagulu project is located within the Company's 100% owned, 514 km² Kerkasha Project in Eritrea. The Anagulu copper-gold porphyry was discovered by the Alpha team through surface sampling and mapping with follow-up drilling. Previously reported drilled intercepts include 108 metres @ 0.60 % copper and 1.24 g/t gold including 49 metres @ 1.10% and 2.42 g/t gold, and 120 metres @ 0.30% copper and 0.47 g/t gold in drill holes AND001 and ANRD049, respectively, in the Discovery target zone. The project is located some 7 kilometres south of the Company's shallow Aburna gold project, the second of three significant discoveries made by the Alpha team on the Kerkasha licence. John Wilton, CEO of Alpha, stated: "We are very pleased with results from our recently completed and highly successful H1 2026 Anagulu copper-gold porphyry project exploration campaign. These new drilling results have delivered several critical highlights that enhance the scale potential and our understanding of the Anagulu mineralization. Intercepts in RC holes ANR051, 052 and 053 confirm the new 1.25-kilometre-long Camel target zone to be related to a copper-gold-mineralized quartz-eye porphyry unit. The Camel target zone, as identified from the shallow RAB drilling, is completely untested for 1.1 kilometres to the southwest of these RC holes where its width and copper grade both increase. This untested 1.1 kilometres of the Camel target represents the largest, highest grade and most continuous near-surface copper anomaly at the project, surpassing those associated with the parallel Discovery zone. Two continuous zones of over 1,000 ppm copper, with RAB sample values ranging from 1,067 to 3,274 ppm copper, highlight the robustness of the target. In addition, the quartz-eye porphyry-hosted copper-gold mineralization at the Discovery zone has been expanded some 60 metres to the northeast by an intercept in drill hole ANRD016, with other mineralized units associated with the porphyry system being intersected some 250 metres farther along trend. Also, the new RAB drilling data integrated with trench-sampling results indicate a target trend of some 700 metres long in the southwest of the Discovery zone with only limited drill testing that motivates further exploration drilling." ANAGULU COPPER-GOLD PROJECT The results of this 2026 phase of exploration are from 1,254 metres of core and 1,468 metres of RC drilling. The campaign comprised 8 RC drill holes, 3 existing RC holes extended with core drilling, and one new core hole. In addition, 5,921 metres of shallow RAB drilling in 716 holes to an average depth per hole of 7.8 metres were completed. The RAB drilling provides cost-effective top-of-bedrock sampling beneath thin regolith cover. This shallow drilling method is intended to identify and define near-surface copper anomalies, and as such their relationship to the true thickness of underlying copper-gold mineralization is currently unknown (see QA/QC section for more details). The new and existing drilling data are also being integrated with the results from 1,290 metres of shallow trenching in the western part of the Discovery zone. Figure 1 compiles the new core and RC drilling results with those from the recently completed RAB programme along with the trench-sampling data. Figure 1 clearly shows the approximately 2.2-kilometre-long, northeast-southwest-trending zone of porphyry copper-gold host units and related copper anomalies (main map), located within the interpreted larger 4 by 2 kilometre porphyry system footprint (inset map). DISCOVERY TARGET ZONE Drill hole ANRD016 delivered a new intercept of 67.00 metres grading 0.38% copper and 0.10 g/t gold, including 34.00 metres grading 0.61% copper and 0.15 g/t gold, which, in turn, includes 12.00 metres grading 1.20% copper and 0.30 g/t gold. This intercept is interpreted to expand the quartz-eye porphyry-hosted mineralization for some 60 metres to the northeast. Furthermore, also in the northeast of the Discovery zone, the new drill holes ANRD025, ANR054 and ANRD014 returned zones of copper-gold mineralization hosted in units associated with the porphyry system. This area extends from hole ANRD016 for some 250 metres along the trend of the system and is thought to provide a compelling target for further drilling in search of the higher-grade quartz-eye porphyry unit. Drill hole AND013 was collared between the Discovery and Camel target, and it intersected a number of intrusive diorite units, mainly unmineralized, within a package of predominantly meta-volcaniclastic host units. The quartz-eye porphyry unit forms the core of the higher-grade copper-gold mineralization in the Discovery target zone. The recent RAB results, when compiled with the trenching data, indicate that there is also untested potential within the southwestern extension of the quartz-eye porphyry-hosted mineralization in the Discovery zone. This target extends from a sector with several drill holes, including previously reported intervals of 110 metres grading 0.57% copper and 1.24 g/t gold and 63 metres grading 0.48% copper and 0.94 g/t gold in AND001 and ANR031, respectively, into an area some 700 metres along trend with only limited drill testing (see Figure 1). CAMEL TARGET ZONE RC holes ANR051, ANR052 and ANR053 were the first to test the Camel target zone. These holes were designed to investigate the geology and mineralization beneath the Camel target zone defined by the then still ongoing shallow RAB copper sampling programme (see Figure 1). Importantly, these three drill holes were all successful in determining that the Camel target zone is related to porphyry-hosted copper sulphide and gold mineralization in bedrock, as previously proposed by the Alpha exploration team. The Camel target is now confirmed by the new drilling as a second porphyry target zone, with significant copper-gold mineralization trending parallel to the Discovery zone. The three RC holes span only some 140 metres at the northeastern limit of the 1.25 kilometres along-trend extent of the Camel target. Figure 1 shows the complete results of the recent RAB drilling campaign and clearly illustrates the Camel zone's 1.25-kilometre-long extent, including its increase in width from some 125 metres in the northeast to 200 metres in the southwest. Figure 1 also demonstrates that the Camel zone RAB anomaly has two continuous higher-grade zones, containing over 1,000 ppm copper. Overall, it appears that the Camel target footprint has higher copper values than the original Discovery target zone and, in general, suggests that the copper tenor increases to the southwest. ANR051, ANR052 and ANR053 intersected the Camel target at relatively shallow vertical depths of between 30 and 125 metres. Figure 2 depicts ANR051, the southwestern most drill hole, on a cross section; it returned intercepts of 10 metres grading 0.10% copper and 0.05 g/t gold and 25 metres grading 0.20% copper and 0.07 g/t gold, including 16 metres grading 0.26% copper and 0.09 g/t gold and 5 metres grading 0.13% copper and 0.07 g/t gold. Drill holes ANR052 and ANR053 intersected 12 metres grading 0.14% copper with 0.08 g/t gold and 12 metres grading 0.09% copper with 0.05 g/t gold, respectively, which are interpreted as extensions of the Camel zone mineralization from ANRD051. The untested, 1.1-kilometre-long, higher-grade part of the Camel zone RAB copper anomaly is seen as a compelling exploration target with the potential to increase the size and scale of the mineralized footprint at Anagulu. NIGHTJAR TARGET ZONE ANR057 and ANR058 were completed to depths of 167 and 154 metres, respectively, as an initial test of the 1 kilometre along trend Nightjar target zone, located some 2 kilometres northeast of the area of significant drilling to date. Both drill holes cut intrusive diorite porphyry, with anomalous copper and gold values confirming the validity of the RAB target (see Figure 1, inset map and Table 1 for details). ANR058 intersected 16 metres grading 0.13 g/t gold from 14 metres, and 0.05% copper. These results and the geological log of the drill chips will be compiled to generate further exploration targets at Nightjar where ground geophysics may also be employed. Table 1 provides full details of the drill intercepts and table 4 includes drill hole ID, azimuth, hole, end of hole depth, collar coordinates and comments. Figure 1: Anagulu Project, Expanded Camel Target Zone, Locations of New Drill Holes, Additional RAB Sampling, and Trench Sampling Results To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8361/309881_bea1d0a78499aa5b_002full.jpg Figure 1 notes: Based upon current data and interpretation the reported drill intercepts have estimated true widths ranging between 50% and 70% of the drilled intersections. The RAB drilling method is intended to identify and define near-surface copper anomalies its relationship to the targets true thickness is unknown at this time. Trench results based upon current data and interpretation have estimated true widths ranging between 70% and 90% of the composite intervals. For more information see tables of data, footnotes and QA/QC sections below. Previously reported results in Alpha Exploration news releases; Alpha Further Expands Footprint of Anagulu Copper-Gold Porphyry Prospect and Discovers New Nightjar Target Zone Measuring 1 x 0.15km, June 24, 2026, Alpha Expands the Footprint of the Anagulu Copper-Gold Porphyry and New Camel Target Zone Measures at Least 1 x 0.25km, April, 2026, Alpha Expands Anagulu Porphyry Mineralisation with Drill Intercept of 120 metres grading 0.30% Copper and 0.47 g/t Gold, February 24, 2026, Alpha Exploration announces final 2024 drilling results at Aburna Gold and Anagulu Gold Copper prospects and updates exploration plans for 2025, March 21st 2025., Alpha Exploration Reports 95m of 1.30 g/t AuEq from Anagulu Porphyry Gold-Copper Prospect, Kerkasha Project Eritrea, December 9, 2021, and NI 43-101 Technical Report for the Kerkasha Project, Eritrea, RSC Mining & Mineral Exploration, 21 June 2021. Figure 2: Anagulu Project: ANR051 Drill Results, Camel Target Zone, Discovery Target Zone, Cross Section SS-40 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8361/309881_bea1d0a78499aa5b_003full.jpg Figure 2 notes: Based upon current data and interpretation the reported drill intercepts have estimated true widths ranging between 50% and 70% of the drilled intersections. Previously reported results in Alpha Exploration news releases; Alpha Further Expands Footprint of Anagulu Copper-Gold Porphyry Prospect and Discovers New Nightjar Target Zone Measuring 1 x 0.15km, June 24, 2026, Alpha Expands the Footprint of the Anagulu Copper-Gold Porphyry and New Camel Target Zone Measures at Least 1 x 0.25km, April, 2026, Alpha Expands Anagulu Porphyry Mineralisation with Drill Intercept of 120 metres grading 0.30% Copper and 0.47 g/t Gold, February 24, 2026, Alpha Exploration announces final 2024 drilling results at Aburna Gold and Anagulu Gold Copper prospects and updates exploration plans for 2025, March 21st 2025., Alpha Exploration Reports 95m of 1.30 g/t AuEq from Anagulu Porphyry Gold-Copper Prospect, Kerkasha Project Eritrea, December 9, 2021, and NI 43-101 Technical Report for the Kerkasha Project, Eritrea, RSC Mining & Mineral Exploration, 21 June 2021. Table 1: Anagulu H1 2026: Drilling Results with Depth, Intervals, Copper and Gold Grades Drill Hole ID Depth From (m) Depth To (m) Width (m) Copper (Cu) (%) Gold (Au) ppm (g/t) Discovery Target Zone ANRD016 151.00 158.00 7.00* 0.04 12.39 269.00 336.00 67.00+ 0.38 0.10 Including 269.00 303.00 34.00 0.61 0.15 Including 269.00 281.00 12.00 1.20 0.30 ANRD025 2.00 48.00 46.00* 0.13 0.08 298.00 320.00 22.00 0.15 0.09 339.00 347.00 8.00 0.11 0.05 ANR054 2.00 23.00 21.00 0.08 0.02 170.00 189.00 19.00 0.09 0.16 ANRD014 121.00 134.00 13.00 0.13 0.08 Camel Target Zone ANR051 40.00 50.00 10.00 0.10 0.05 78.00 103.00 25.00 0.20 0.07 Including 82.00 98.00 16.00 0.26 0.09 112.00 117.00 5.00 0.13 0.07 ANR052 119.00 131.00 12.00 0.14 0.08 Including 119.00 124.00 5.00 0.23 0.15 ANR053 132.00 144.00 12.00 0.09 0.05 Nightjar Target Zone ANR057 146.00 167.00 21.00++ 0.07 0.03 ANR058 14.00 30.00 16.00** 0.05 0.13   Table 1 Notes: Intertek completed the analytical work with analytical procedures conducted in an Intertek laboratory in Tarkwa, Ghana. Sample preparation was undertaken by an independent laboratory NABRO in Asmara, Eritrea and the pulps shipped to Intertek, Ghana. Based upon current data and interpretation it is estimated true widths range between 50% and 70% of the drilled intersections. A nominal cut-off grade of 0.10% Cu has been used to determine the boundaries of these intersections with no more than 18 metres of internal dilution of the intercepts. * Previously reported data (see Note Figure 2 for reference). + 22 metres of internal dilution for this intercept. ++ A nominal cut-off grade of 0.05% Cu has been used to determine the boundaries of these intersections with no more than 7 metres of internal dilution of the intercepts. ** 0.1 g/t Au has been used to determine the boundaries of this intersection with no more than 7 metres of internal dilution and with no more than 3 consecutive sample below cut-off grade. Table 2: New RAB Drilling Selected Results Area 5 RAB Hole_Id Depth From Depth To Sample Cu ppm Area 5 RAB Hole_Id Depth From Depth To Sample Cu ppm (m) (m) Id pXRF (m) (m) Id pXRF ANRBA5-R17-007 3 4 803086 2431 ANRBA5-R16-010 7 8 803066 665 ANRBA5-R15-007 5 6 803033 2313 ANRBA5-R16-008 3 4 803062 655 ANRBA5-R19-008 10 11 803135 1543 ANRBA5-R22-001 7 8 803171 629 ANRBA5-R20-001 2 3 803149 1521 ANRBA5-R21-001 2 3 803169 611 ANRBA5-R19-003 7 8 803144 1515 ANRBA5-R18-006 8 9 803111 605 ANRBA5-R15-007 4 5 803032 1407 ANRBA5-R19-009 9 10 803133 578 ANRBA5-R20-001 1 2 803148 1309 ANRBA5-R15-009 8 9 803027 564 ANRBA5-R18-008 4 5 803114 1267 ANRBA5-R22-001 6 7 803170 562 ANRBA5-R16-009 6 7 803064 1205 ANRBA5-R18-004 7 8 803106 560 ANRBA5-R17-007 4 5 803087 1173 ANRBA5-R21-001 1 2 803168 545 ANRBA5-R16-007 4 5 803061 1105 ANRBA5-R17-004 6 7 803092 528 ANRBA5-R18-008 5 6 803115 1083 ANRBA5-R25-002 12 13 803254 516 ANRBA5-R20-008 14 15 803193 1067 ANRBA5-R15-008 8 9 803029 502 ANRBA5-R19-007 11 12 803137 1015 ANRBA5-R17-004 7 8 803093 492 ANRBA5-R17-008 4 5 803084 992 ANRBA5-R22-002 9 10 803172 487 ANRBA5-R19-007 10 11 803136 947 ANRBA5-R18-009 7 8 803116 482 ANRBA5-R19-003 8 9 803145 928 ANRBA5-R21-010 14 15 803195 465 ANRBA5-R19-009 8 9 803132 872 ANRBA5-R18-010 10 11 803120 462 ANRBA5-R16-007 3 4 803060 867 ANRBA5-R23-007 13 14 803222 459 ANRBA5-R18-005 7 8 803109 862 ANRBA5-R15-010 8 9 803025 458 ANRBA5-R17-008 5 6 803085 860 ANRBA5-R16-006 4 5 803058 452 ANRBA5-R19-008 9 10 803134 816 ANRBA5-R23-008 14 15 803225 443 ANRBA5-R20-008 13 14 803192 806 ANRBA5-R15-005 5 6 803037 440 ANRBA5-R15-008 7 8 803028 803 ANRBA5-R15-010 7 8 803024 430 ANRBA5-R15-009 7 8 803026 793 ANRBA5-R18-006 7 8 803110 424 ANRBA5-R17-002 11 12 803099 782 ANRBA5-R23-007 14 15 803223 423 ANRBA5-R16-008 4 5 803063 776 ANRBA5-R16-005 5 6 803057 418 ANRBA5-R18-005 6 7 803108 734 ANRBA5-R17-005 7 8 803090 418 ANRBA5-R17-002 10 11 803098 733 ANRBA5-R20-011 14 15 803186 412 ANRBA5-R16-009 7 8 803065 731 ANRBA5-R17-006 5 6 803089 404 ANRBA5-R21-010 13 14 803194 718 ANRBA5-R17-005 8 9 803091 401 ANRBA5-R16-010 8 9 803067 674   Table 2 Notes: RAB drill sampling results reported are from representative material from the deepest two, one-metre, samples of each RAB drill hole which are analysed by pXRF with the peak copper value, one metre sample reported, and as this drilling method is intended to identify and define near-surface copper anomalies its relationship to the targets true thickness is unknown at this time (see QA/QC section for further sampling & analytical details). Table 3: Trench Sampling Selected Results Trench ID Distance From (m) Distance To (m) Width (m) Copper (Cu) ppm ANTRCH001 39 54 15 566 ANTRCH002 5 15 10 696 ANTRCH002 19 30 11 560 ANTRCH004 0 22 22 852 ANTRCH005 15 36 21 939 ANTRCH006 0 18 18 898 ANTRCH007 14 36 22 645 ANTRCH008 20 30 10 636 ANTRCH008 58 72 14 587 ANTRCH008 80 116 36 696 ANTRCH008 120 134 14 642 ANTRCH008 146 164 18 953 ANTRCH009 22 32 10 704 ANTRCH010 2 12 10 833 ANTRCH011 0 22 22 877 ANTRCH012 6 25 19 806 ANTRCH013 7 20 13 612 ANTRCH022 3 15 12 552 ANTRCH031 5 36 31 909 ANTRCH032 1 17 16 1031 ANTRCH034 0 14 14 913 ANTRCH036 1 16 15 551 ANTRCH052 0 12 12 1038   Table 3 Notes: The trench are sampled at one metre intervals over their entire length, a representative sample across each one metre is collected of approximately 2.5 Kg. The trench samples are prepared at independent laboratory in Asmara (NABRO) by crushing and pulverising an approximately 100g aliquot for analysis was taken with QA/QC samples inserted every 25th field sample and analysed by Portable X-ray Fluorescence ("pXRF") within the Company's field laboratory in Asmara, Eritrea (more details in QA/QC section). Based upon current data and interpretation it is estimated true widths range between 70% and 90% of the composite intervals. A nominal cut-off grade of 500ppm Cu has been used to determine the boundaries of these composites with no more than 7 metres of internal dilution of the intercepts, and not more than 2 consecutive metre samples below the cut-off grade. QUALITY ASSURANCE AND QUALITY CONTROL The results reported here for the Reverse Circulation ("RC") and Diamond Core ("DC") drilling were analysed by Intertek Minerals Ltd., an independent and accredited laboratory located in Tarkwa, Ghana. The RC, DC and 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. Alpha uses an independent laboratory in Asmara (NABRO) to prepare drill samples for assaying. Representative one-metre samples from the RC drilling and half core samples of the HQ & NQ size and quarter core for PQ size, were crushed (to >90% passing 2.0 mm) and pulverised (to >85% passing 75 micron). A scoop sample of approximately 60g for laboratory analysis was taken. The coarse and pulp rejects were stored at Alpha's warehouse in Asmara. The Company uses appropriate duplicate samples and inserts certified reference material from OREAS (www.ore.com.au) into the sample stream. NABRO sample preparation facility inserts barren granodiorite material into the sample stream as blanks. The 60g sub-samples with inserted QA/QC samples of blanks and certified reference material every 20th field sample were shipped to Intertek Minerals, Tarkwa, Ghana. The gold results at the laboratory were determined by using a 30g sub-sample for Fire Assay ("FA") and Atomic Absorption Spectroscopy ("AAS") finish (Intertek Code: FA30/AA). The multi-element (including copper) results were determined using a 30g sub-sample for four acid 48 element package ("4A") and low-level sulphur 50ppm ("OM48") with mass spectrometry ("MS") finish (Intertek Code: 4A/OM48). For the RAB drilling, representative material from bedrock and weathered bedrock for the deepest two 1-metre samples of each RAB drill hole were screened to provide approximately 200 grams ("g") of minus 75-micron material. Trench samples are collected and processed in-line with the standard operating procedures implemented at this project. Start and end points of each trench are located by GPS. The trenches are some 1 m in depth and 0.5 m in width excavated by backhoe. The 1-metre sample intervals are marked using spray paint over the entire length to be sampled. A representative sample of approximately 2.5 kg is collected across each 1 metre interval. The trench samples are prepared at an independent laboratory in Asmara (NABRO) by crushing (to >90% passing 2.0 mm) and pulverised (to >85% passing 75 microns). A scoop sample of approximately 100 g for analysis was taken. For the RAB and trench samples, an aliquot is collected using a scoop and a sub-sample analysed with QA/QC samples inserted every 25th field sample analysed by portable X-ray Fluorescence ("pXRF") at the Company's field laboratory in Asmara, Eritrea. The pXRF is routinely monitored by the QA/QC sample results to check its calibration. The pXRF instrument used is an Olympus Vanta M-series VMR with a 50Kv, 0.2mA tube. Table 4: Drillhole ID, Azimuth, Dip, End of Hole Depth, Collar Coordinates and Comments Drillhole ID Azimuth Degree Hole Dip Degrees End of hole Depth (m) X_UTM_37N Y_UTM_37N Elevation (Z) (m) Comments ANRD014 315 -50 275.10 341996.00 1645161.00 873.00 13m @ 0.13% Cu & 0.08 g/t Au ANRD016 315 -50 350.00 341878.00 1645010.00 884.00 67m @ 0.38% Cu & 0.10 g/t Au ANRD025 315 -50 395.50 341929.00 1645067.00 875.00 22m @ 0.15% Cu & 0.09 g/t Au AND013 315 -75 730.00 341951.00 1644933.00 874.00 No significant Cu intervals ANR051 315 -53 180.00 341987.00 1644672.00 880.00 25m @ 0.20% Cu & 0.07 g/t Au ANR052 315 -50 201.00 342036.00 1644735.00 869.00 12m @ 0.14% Cu & 0.08 g/t Au ANR053 317 -50 201.00 342067.00 1644812.00 872.00 12m @ 0.09% Cu & 0.05 g/t Au ANR054 315 -50 207.00 341980.00 1645100.00 873.00 22m @ 0.11% Cu & 0.15 g/t Au ANR055 315 -50 172.00 342124.00 1645190.00 874.00 No significant Cu intervals ANR056 315 -50 186.00 342260.00 1645334.00 883.00 No significant Cu intervals ANR057 315 -50 167.00 342778.00 1646854.00 875.00 21m @ 0.07% Cu & 0.03 g/t Au ANR058 315 -50 154.00 342898.00 1647272.00 898.00 16m @ NS% Cu & 0.13 g/t Au   Table 5: RAB Drilling Hole ID, Azimuth ("Az"), Hole Dip, End of Hole Depth ("EOH"), Collar Coordinates RAB Hole_Id Az (Deg) Hole Dip EOH X_UTM_37N Y_UTM_37N Z-Elevation RAB Hole_Id Az (Deg) Hole Dip EOH X_UTM_37N Y_UTM_37N Z-Elevation (Deg) (m) (m) (Deg) (m) (m) ANRBA5-R15-001 0 -90 5 341137 1644115 864 ANRBA5-R20-003 0 -90 9 341089 1643866 857 ANRBA5-R15-002 0 -90 5 341186 1644113 865 ANRBA5-R20-004 0 -90 10 341138 1643863 860 ANRBA5-R15-003 0 -90 5 341237 1644112 864 ANRBA5-R20-005 0 -90 12 341188 1643863 862 ANRBA5-R15-004 0 -90 5 341288 1644115 862 ANRBA5-R20-006 0 -90 9 341234 1643870 862 ANRBA5-R15-005 0 -90 6 341337 1644110 860 ANRBA5-R20-007 0 -90 11 341283 1643866 863 ANRBA5-R15-006 0 -90 6 341388 1644112 861 ANRBA5-R20-008 0 -90 15 341336 1643864 860 ANRBA5-R15-007 0 -90 6 341438 1644116 858 ANRBA5-R20-009 0 -90 13 341384 1643864 855 ANRBA5-R15-008 0 -90 9 341486 1644114 859 ANRBA5-R20-010 0 -90 15 341435 1643863 856 ANRBA5-R15-009 0 -90 9 341538 1644115 859 ANRBA5-R20-011 0 -90 16 341486 1643865 856 ANRBA5-R15-010 0 -90 9 341593 1644117 859 ANRBA5-R20-012 0 -90 9 341534 1643864 856 ANRBA5-R16-001 0 -90 5 341087 1644064 866 ANRBA5-R21-001 0 -90 3 340985 1643814 860 ANRBA5-R16-002 0 -90 5 341134 1644066 863 ANRBA5-R21-002 0 -90 9 341034 1643816 867 ANRBA5-R16-003 0 -90 6 341183 1644064 861 ANRBA5-R21-003 0 -90 13 341083 1643818 865 ANRBA5-R16-004 0 -90 6 341235 1644067 861 ANRBA5-R21-004 0 -90 14 341136 1643814 865 ANRBA5-R16-005 0 -90 6 341285 1644065 860 ANRBA5-R21-005 0 -90 15 341184 1643813 859 ANRBA5-R16-006 0 -90 6 341337 1644062 862 ANRBA5-R21-006 0 -90 16 341235 1643816 856 ANRBA5-R16-007 0 -90 5 341385 1644066 864 ANRBA5-R21-007 0 -90 15 341286 1643813 860 ANRBA5-R16-008 0 -90 5 341434 1644064 859 ANRBA5-R21-008 0 -90 12 341332 1643817 856 ANRBA5-R16-009 0 -90 8 341485 1644065 860 ANRBA5-R21-009 0 -90 15 341388 1643816 855 ANRBA5-R16-010 0 -90 9 341536 1644067 860 ANRBA5-R21-010 0 -90 15 341437 1643819 854 ANRBA5-R16-011 0 -90 12 341585 1644065 862 ANRBA5-R21-011 0 -90 9 341491 1643816 860 ANRBA5-R16-012 0 -90 11 341635 1644061 867 ANRBA5-R21-012 0 -90 5 341536 1643816 864 ANRBA5-R16-013 0 -90 3 341687 1644065 859 ANRBA5-R22-001 0 -90 8 340985 1643764 861 ANRBA5-R17-001 0 -90 5 341086 1644014 862 ANRBA5-R22-002 0 -90 11 341035 1643766 861 ANRBA5-R17-002 0 -90 12 341139 1644014 858 ANRBA5-R22-003 0 -90 5 341085 1643764 860 ANRBA5-R17-003 0 -90 6 341188 1644015 860 ANRBA5-R22-004 0 -90 10 341135 1643765 861 ANRBA5-R17-004 0 -90 8 341236 1644013 858 ANRBA5-R22-005 0 -90 12 341185 1643765 859 ANRBA5-R17-005 0 -90 9 341289 1644013 854 ANRBA5-R22-006 0 -90 12 341234 1643763 861 ANRBA5-R17-006 0 -90 6 341337 1644015 855 ANRBA5-R22-007 0 -90 5 341285 1643762 856 ANRBA5-R17-007 0 -90 5 341389 1644016 859 ANRBA5-R22-008 0 -90 13 341335 1643766 858 ANRBA5-R17-008 0 -90 6 341437 1644014 859 ANRBA5-R22-009 0 -90 9 341388 1643765 858 ANRBA5-R17-009 0 -90 11 341489 1644015 858 ANRBA5-R22-010 0 -90 5 341436 1643767 862 ANRBA5-R17-010 0 -90 12 341537 1644011 860 ANRBA5-R22-011 0 -90 8 341486 1643766 858 ANRBA5-R17-011 0 -90 12 341587 1644018 859 ANRBA5-R23-001 0 -90 12 340985 1643713 867 ANRBA5-R17-012 0 -90 8 341638 1644015 858 ANRBA5-R23-002 0 -90 10 341035 1643716 863 ANRBA5-R18-001 0 -90 3 341041 1643970 863 ANRBA5-R23-003 0 -90 11 341084 1643716 861 ANRBA5-R18-002 0 -90 12 341084 1643964 863 ANRBA5-R23-004 0 -90 11 341136 1643717 868 ANRBA5-R18-003 0 -90 10 341136 1643967 864 ANRBA5-R23-005 0 -90 12 341186 1643715 861 ANRBA5-R18-004 0 -90 9 341184 1643961 859 ANRBA5-R23-006 0 -90 11 341236 1643715 860 ANRBA5-R18-005 0 -90 8 341233 1643966 860 ANRBA5-R23-007 0 -90 15 341285 1643715 863 ANRBA5-R18-006 0 -90 9 341284 1643964 858 ANRBA5-R23-008 0 -90 15 341335 1643715 859 ANRBA5-R18-007 0 -90 10 341335 1643966 859 ANRBA5-R23-009 0 -90 15 341384 1643716 859 ANRBA5-R18-008 0 -90 6 341382 1643965 855 ANRBA5-R23-010 0 -90 10 341435 1643716 865 ANRBA5-R18-009 0 -90 9 341433 1643965 857 ANRBA5-R23-011 0 -90 6 341490 1643713 856 ANRBA5-R18-010 0 -90 12 341486 1643964 857 ANRBA5-R24-001 0 -90 11 340987 1643665 864 ANRBA5-R18-011 0 -90 6 341535 1643967 858 ANRBA5-R24-002 0 -90 10 341037 1643665 882 ANRBA5-R18-012 0 -90 9 341582 1643963 868 ANRBA5-R24-003 0 -90 11 341087 1643665 861 ANRBA5-R19-002 0 -90 6 341039 1643914 862 ANRBA5-R24-004 0 -90 11 341136 1643665 863 ANRBA5-R19-003 0 -90 9 341088 1643914 863 ANRBA5-R24-005 0 -90 14 341187 1643664 867 ANRBA5-R19-004 0 -90 8 341139 1643915 865 ANRBA5-R24-006 0 -90 15 341236 1643664 861 ANRBA5-R19-005 0 -90 10 341188 1643915 861 ANRBA5-R24-007 0 -90 14 341287 1643664 860 ANRBA5-R19-006 0 -90 10 341238 1643915 864 ANRBA5-R24-008 0 -90 11 341338 1643365 858 ANRBA5-R19-007 0 -90 12 341291 1643911 856 ANRBA5-R24-009 0 -90 18 341386 1643667 860 ANRBA5-R19-008 0 -90 11 341339 1643914 853 ANRBA5-R24-010 0 -90 14 341437 1643664 860 ANRBA5-R19-009 0 -90 10 341389 1643913 859 ANRBA5-R25-001 0 -90 12 340988 1643631 861 ANRBA5-R19-010 0 -90 11 341436 1643916 855 ANRBA5-R25-002 0 -90 14 341054 1643618 871 ANRBA5-R19-011 0 -90 15 341489 1643912 859 ANRBA5-R25-003 0 -90 10 341085 1643629 863 ANRBA5-R19-012 0 -90 13 341538 1643917 860 ANRBA5-R25-004 0 -90 12 341135 1643634 862 ANRBA5-R19-013 0 -90 11 341592 1643913 858 ANRBA5-R25-005 0 -90 13 341185 1643628 870 ANRBA5-R20-001 0 -90 3 340992 1643867 862 ANRBA5-R25-006 0 -90 15 341235 1643629 861 ANRBA5-R20-002 0 -90 8 341035 1643860 855   Table 6: Trench Sampling ID, Azimuth ("Az"), Trench Dip, Length, Centre Point Coordinates Trench ID Az (Deg) Trench Dip (Deg) Length of Trench (m) X_UTM_37N Y_UTM_37N (Z) (m) Trench ID Az (Deg) Trench Dip (Deg) Length of Trench (m) X_UTM_37N Y_UTM_37N (Z) (m) ANTRCH001 315 -90 57 341515.69 1644747.38 887 ANTRCH029 315 -90 6 341005.3 1644362.7 884 ANTRCH002 315 -90 64 341368.24 1644555.19 882 ANTRCH030 315 -90 7 340976.58 1644423.28 873 ANTRCH003 315 -90 46 341429.48 1644675.93 886 ANTRCH031 315 -90 134 341159 1644281 884 ANTRCH004 315 -90 61 341395.96 1644606.1 871 ANTRCH032 315 -90 17 340990.48 1643894.23 870 ANTRCH005 315 -90 43 341474.29 1644719.87 879 ANTRCH033 315 -90 16 341006.5 1643948.5 868 ANTRCH006 315 -90 74 341312.58 1644410.54 873 ANTRCH034 315 -90 14 340990.5 1643881.5 863 ANTRCH007 315 -90 62 341555.03 1644776.98 879 ANTRCH035 315 -90 8 340627.75 1643952.25 878 ANTRCH008 315 -90 165 341214.07 1644323.9 876 ANTRCH036 315 -90 23 340908.21 1643751.09 870 ANTRCH009 315 -90 36 341308.92 1644348.8 872 ANTRCH037 315 -90 12 340830.41 1643690.34 868 ANTRCH010 315 -90 25 341153.24 1644189.09 872 ANTRCH038 315 -90 13 340766.15 1643650 867 ANTRCH011 315 -90 22 341024.73 1644098.96 869 ANTRCH039 315 -90 10 340701.6 1643631.2 870 ANTRCH012 315 -90 26 341098.85 1644151.61 869 ANTRCH040 315 -90 10 340867.5 1643846.5 923 ANTRCH013 315 -90 20 341014.44 1644021.45 866 ANTRCH041 315 -90 7 340858 1643836.29 920 ANTRCH014 315 -90 29 340775.32 1643860.39 878 ANTRCH042 315 -90 11 340845.89 1643818.74 926 ANTRCH015 315 -90 15 340647.06 1643742.93 871 ANTRCH043 315 -90 8 340781.5 1643782.5 927 ANTRCH016 315 -90 18 340795.56 1643916.46 883 ANTRCH044 315 -90 8 340763.37 1643760.5 929 ANTRCH017 315 -90 7 340770.17 1644061.83 889 ANTRCH045 315 -90 11 340723.81 1643729.09 915 ANTRCH018 315 -90 7 340738.3 1644037.84 886 ANTRCH046 315 -90 10 340872 1644053 927 ANTRCH019 315 -90 7 340698.72 1644067.86 880 ANTRCH047 315 -90 11 340879.37 1644061.18 927 ANTRCH020 315 -90 25 340813.6 1643936.8 882 ANTRCH048 315 -90 8 340885 1644074 922 ANTRCH021 315 -90 19 340832.42 1643950.26 884 ANTRCH049 315 -90 8 340921.5 1644128.99 918 ANTRCH022 315 -90 15 340696.6 1643800 879 ANTRCH050 315 -90 7 340974.43 1644236.14 899 ANTRCH023 315 -90 7 340933.85 1643975.86 930 ANTRCH051 315 -90 6 340976.5 1644247 903 ANTRCH024 315 -90 8 340913.75 1643964.88 927 ANTRCH052 315 -90 12 340958.82 1643793.09 865 ANTRCH025 315 -90 8 340894.51 1643923.5 927 ANTRCH053 315 -90 7 341074.71 1644288.72 942 ANTRCH026 315 -90 6 340901.01 1643938.5 930 ANTRCH054 315 -90 8 341105.49 1644299.13 943 ANTRCH027 315 -90 15 340879.86 1643874.21 936 ANTRCH055 315 -90 7 341062.85 1644269.72 945 ANTRCH028 315 -90 4 341096.5 1644381.5 929   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 ongoing exploration at the Kerkasha Project has been reviewed, verified, and approved by John Wilton CGeol FGS, CEO & Director of Alpha and a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. ABOUT ALPHA Alpha (TSXV: ALEX) is an exploration company that is rapidly advancing a number of important gold and base metal discoveries it has made across the 100% owned, 514 km2 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 m @ 15.33 g/t Au, 16 m @ 14.07 g/t Au, 9 m @ 10 g/t Au and 23 m @ 6.74 g/t Au. The Anagulu Gold-Copper prospect with recent drilling intersections of 108 m @ 1.24 g/t Au and 0.60% Cu including 49 m @ 2.42 g/t Au and 1.10% Cu, and 109 m @ 0.79 g/t Au and 0.35 % Cu within a porphyry unit drilled over 2 km along trend, and with an overall and expanding exploration target footprint of some 4 by 2 km. The Company is managed by a group of highly experienced and successful mining and exploration professionals with long track records of establishing, building and returning value to stakeholders from a number of gold and base metal discoveries in Eritrea, across the wider Arabian Nubian Shield, and in other regions of Africa. For further information go to the Alpha webpage at www.alpha-exploration.com or contact: John Wilton CEO Alpha Exploration Ltd. Email: [email protected] Tel: +44 207 129 1148 Cautionary Notes This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward Looking Statements Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to future dataset interpretations, sampling, plans for its projects (including the Anagulu prospect), surveys related to Alpha's assets, and the Company's drilling program. Often, but not always, forward-looking statements or information can be identified by the use of words such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. With respect to forward-looking statements and information contained herein, Alpha has made numerous assumptions including among other things, assumptions about general business and economic conditions and the price of gold and other minerals. The foregoing list of assumptions is not exhaustive. Although management of Alpha believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks relating to Alpha's financing efforts; risks associated with the business of Alpha given its limited operating history; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to exploration activities; those factors discussed under the heading "Risk Factors" in the Final Prospectus; and other risk factors as detailed from time to time. Alpha does not undertake to update any forward-looking information, except in accordance with applicable securities laws. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309881