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Alpha Exploration Announces Aburna Gold Prospect Delivers Positive Drill Results in

Drill Results

Alpha Exploration Announces Aburna Gold

Prospect Delivers Positive Drill Results in

Four Areas Including: 16M @ 14.07 g/t Gold

Calgary, Alberta--(Newsfile Corp. - November 24, 2022) -

Alpha Exploration Ltd.

(TSXV: ALEX)

("

Alpha

" or the "

Company

") is pleased to announce results from recent drilling campaign at its Aburna

gold prospect which consisted of 25 drill holes totalling 3,196 m. Aburna is located in the southwest part

of Alpha's large (771 km²), 100% owned, Kerkasha Project.

ABURNA DRILL HOLE HIGHLIGHTS

Sub Area

Hole

From

(m)

To

(m)

Interval

(m)

Average

g/t Gold

Hill-52 Area

ABD001

45

59

14.00

1.09

Hill-52 Area

ABD001

66

72

6.00

6.11

*Hill-52 Area

ABD001

89

109

20.00

7.70

Hill-52 Area

ABD002

60

70

10.00

1.95

Hill-52 Area

ABD002

105

107

2.00

15.59

Hill-52 Area

ABR021

35

49

14.00

1.40

Northeast Area

ABR037

14

30

16.00

14.07

Celebration Hill Area

ABR027

129

149

20.00

1.69

Aburna Central Area

ABR031

71

104

33.00

0.71

Aburna Central Area

ABR032

33

38

5.00

3.80

Aburna Central Area

ABR034

101

125

24.00

1.43

*First reported on September 14, 2022.

Note

: At this early stage of exploration, the true width of the mineralization is uncertain, but it is estimated to be 80% of reported intervals. Intervals

were calculated with a start and finish value of no less than 0.5 g/t gold, a minimum width of 2 m and maximum internal dilution of 2 m at >0.2g/t gold.

Michael Hopley, Alpha President & CEO said "We are again, very encouraged about these

latest drilling results from Aburna. Given that the Aburna prospect is a huge area - over 6 km

long and 2 km wide - as defined by Alpha surface sampling and mapping - and the fact that

we

have only drilled 43 holes to date - just over 5, 000 m

in an area measuring about 2.5 km by 1.5

km and many holes have found strong gold mineralization over significant widths including

two holes (ABR-037 and ABD-001) which intersected

extraordinary results

of 16m averaging

14.07 g/t and 20m averaging 7.70 g/t gold. The results to date suggest to me

a major gold

discovery by Alpha at Aburna; obviously

more drilling is justified."

Aburna Gold Prospect

The Aburna gold prospect is located on the western side of the Company's Kerkasha Exploration

License. Gold was mined at Aburna in the 1920s by Italian colonial miners and more recently by local

artisanal miners. Earlier soil and rock-chip sampling by Alpha identified gold mineralization over a large

area (approximately 6 km x 2 km) northeast of the colonial mine. Gold mineralization at Aburna is

orogenic-type associated with three major NE-SW oriented shear zones. Recent work by Alpha has

included continuous 1-m long sub-surface channel and trench sampling (See press releases on 4

th

November 2021 and 10

th

February 2022). Results from all the above work identified five prospective

sub-areas that warranted drill testing namely: Hill 52, Northeast, Celebration Hill, Aburna Central and

Saddle Workings.

Map 1

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Map 2

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https://images.newsfilecorp.com/files/8361/145654_7bdd4795b4ef5b61_002full.jpg

Cross Section A

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Cross Section B

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https://images.newsfilecorp.com/files/8361/145654_7bdd4795b4ef5b61_004full.jpg

Map 3

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https://images.newsfilecorp.com/files/8361/145654_7bdd4795b4ef5b61_005full.jpg

Map 4

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https://images.newsfilecorp.com/files/8361/145654_7bdd4795b4ef5b61_006full.jpg

Map 5

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https://images.newsfilecorp.com/files/8361/145654_7bdd4795b4ef5b61_007full.jpg

Table 1: Summary of significant gold results from the latest Aburna drill program

Prospect

Sub Area

Hole

From

(m)

To

(m)

Interval

(m)

Average

Au

Aburna

Hill-52 Area

ABD001

17

24

7.00

0.52

Aburna

Hill-52 Area

ABD001

30

33

3.00

0.79

Aburna

Hill-52 Area

ABD001

38

40

2.00

0.58

Aburna

Hill-52 Area

ABD001

45

59

14.00

1.09

Aburna

Hill-52 Area

ABD001

66

72

6.00

6.11

*Aburna

Hill-52 Area

ABD001

89

109

20.00

7.70

Aburna

Hill-52 Area

ABD001

122

125

3.00

1.62

Aburna

Hill-52 Area

ABD002

31

34

3.00

0.93

Aburna

Hill-52 Area

ABD002

60

70

10.00

1.95

Aburna

Hill-52 Area

ABD002

80

81

1.00

12.85

Aburna

Hill-52 Area

ABD002

90

96

6.00

0.87

Aburna

Hill-52 Area

ABD002

105

107

2.00

15.59

Aburna

Hill-52 Area

ABD003

164

165

1.00

4.27

Aburna

Hill-52 Area

ABD004

111

112

1.00

6.31

Aburna

Hill-52 Area

ABD004

143

147

4.00

2.46

Aburna

Hill-52 Area

ABD005

82

83

1.00

1.88

Aburna

Hill-52 Area

ABD005

118

119

1.00

4.36

Aburna

Hill-52 Area

ABD005

140

144

4.00

1.21

Aburna

Hill-52 Area

ABD005

155

160

5.00

1.23

Aburna

Hill-52 Area

ABR020

62

63

1.00

1.50

Aburna

Hill-52 Area

ABR021

35

49

14.00

1.40

Aburna

Hill-52 Area

ABR021

62

65

3.00

0.80

Prospect

Sub Area

Hole

From

(m)

To

(m)

Interval

(m)

Average

Au

Aburna

Hill-52 Area

ABR022

39

40

1.00

1.00

Aburna

Hill-52 Area

ABR022

65

66

1.00

2.35

Aburna

Hill-52 Area

ABR022

77

87

10.00

0.30

Aburna

Hill-52 Area

ABR022

93

94

1.00

1.30

Aburna

Hill-52 Area

ABR022

97

104

7.00

0.59

Aburna

Hill-52 Area

ABR023

54

65

11.00

0.85

Aburna

Hill-52 Area

ABR023

72

80

8.00

1.50

Aburna

Hill-52 Area

ABR024

1

8

7.00

1.72

Aburna

Hill-52 Area

ABR024

11

12

1.00

2.71

Aburna

Hill-52 Area

ABR024

70

72

2.00

3.36

Aburna

Hill-52 Area

ABR024

84

85

1.00

3.78

Aburna

Hill-52 Area

ABR029

7

10

3.00

1.33

Aburna

Hill-52 Area

ABR029

80

86

6.00

0.44

Aburna

Hill-52 Area

ABR030

34

36

2.00

0.84

Aburna

Northeast Area

ABR035

4

5

1.00

1.23

Aburna

Northeast Area

ABR036

27

28

1.00

4.58

Aburna

Northeast Area

ABR036

49

66

17.00

0.50

Aburna

Northeast Area

ABR036

72

74

2.00

0.55

Aburna

Northeast Area

ABR036

83

89

6.00

0.97

Aburna

Northeast Area

ABR037

3

6

3.00

0.78

Aburna

Northeast Area

ABR037

14

30

16.00

14.07

Aburna

Northeast Area

ABR038

72

74

2.00

2.10

Aburna

Northeast Area

ABR038

79

84

5.00

1.10

Aburna

Northeast Area

ABR038

93

96

3.00

1.74

Aburna

Celebration Hill Area

ABR025

84

88

4.00

0.55

Aburna

Celebration Hill Area

ABR025

110

111

1.00

1.37

Aburna

Celebration Hill Area

ABR025

152

155

3.00

1.18

Aburna

Celebration Hill Area

ABR026

56

57

1.00

4.63

Aburna

Celebration Hill Area

ABR026

69

70

1.00

1.26

Aburna

Celebration Hill Area

ABR026

99

103

4.00

0.46

Aburna

Celebration Hill Area

ABR027

129

149

20.00

1.69

Aburna

Celebration Hill Area

ABR028

85

86

1.00

9.33

Aburna

Aburna Central Area

ABR015

118

121

3.00

1.15

Aburna

Aburna Central Area

ABR031

16

18

2.00

3.39

Aburna

Aburna Central Area

ABR031

39

43

4.00

0.93

Aburna

Aburna Central Area

ABR031

48

57

9.00

0.55

Aburna

Aburna Central Area

ABR031

71

104

33.00

0.71

Aburna

Aburna Central Area

ABR031

107

108

1.00

1.16

Aburna

Aburna Central Area

ABR032

33

38

5.00

3.80

Aburna

Aburna Central Area

ABR032

53

57

4.00

3.14

Aburna

Aburna Central Area

ABR032

95

105

10.00

0.65

Aburna

Aburna Central Area

ABR034

67

68

1.00

2.11

Aburna

Aburna Central Area

ABR034

95

96

1.00

1.13

Aburna

Aburna Central Area

ABR034

101

125

24.00

1.43

* First reported on September 14, 2022

Note: ABR designated drill holes were drilled using the reverse-circulation method and ABD designated drill holes were drilled using the diamond-

drilling method. Intervals were calculated with a minimum start and finish value of 0.5 g/t gold, a minimum width of 2m and maximum internal dilution of

2 m at >0.2g/t gold. Any single meter interval >1g/t gold is also reported.

Anagulu gold-copper porphyry prospect

As announced on July 7, 2022, Alpha tested a deep (~200-500 m) chargeability anomaly in the

southwest of the Anagulu prospect with one diamond tail hole (311.2 m) off existing RC hole ANR045

(240 m). This strong chargeability anomaly is coincident with elevated copper, gold, and molybdenum in

previous drillholes in this area and was interpreted to be a potential source of the copper and gold

mineralisation identified at surface over a 2-km strike length in soil and rock-chip samples, trenching and

drillholes. The drillhole was completed last month to the target depth of 551.2m.

Assay results for gold, copper and molybdenum have now been received from the "diamond tail" of

ABRD045 and show broad zones of low-level copper mineralisation and elevated molybdenum near the

end of the hole as follows:

Table 2: Summary of significant copper and molybdenum intervals in ANRD045

Hole

Sample Type

From (m)

To (m)

Interval

Gold

(ppm)

Copper

(ppm)

Molybdenum

(ppm)

ANRD045

Drill Core - Diamond Tail

270

321

51

0.09

1,309

11

ANRD045

Drill Core - Diamond Tail

340

349

9

0.06

890

15

ANRD045

Drill Core - Diamond Tail

384

398

14

0.04

870

5

ANRD045

Drill Core - Diamond Tail

436

443

7

0.04

898

11

ANRD045

Drill Core - Diamond Tail

513

549

36

0.04

674

53

Note: No cut-off parameters were used in the interval calculations for gold, copper and molybdenum

in table 2 above.

The assay grade given is the

sum of the individual meter assays, divided by the interval length.

At ~300 m, the potassic alteration encountered higher up the hole was replaced with phyllic alteration

hosted in a quartz diorite that appeared to be largely unmineralized. At ~500 m the potassic alteration

returned and persisted to the end of the hole.

The potassic alteration near the end of the hole and

increasing molybdenum content may indicate a return of mineralisation at greater depths.

Alpha believes that this drill hole has not, as hoped, found the source of the broad zones of copper and

gold mineralization identified over a 2 km strike length at Anagulu at surface and in previous drilling.

Further detailed analysis of the core from ANRD045, and surrounding area is warranted, to plan further

work at Anagulu.

Sampling, Sub-sampling and Analysis

Geological consultants from RSC were responsible for the design of a strict QA/QC program consistent

with industry best practice. Drilling of the reported intervals was by both reverse-circulation (RC) and

diamond drilling. RC samples were split at the rig using a Metzke splitter, before being transported to a

secure location for logging. Diamond drill core was cut in half longitudinally at site using a diamond saw

and half of the core (in 1-meter intervals) was transported to a secure location for logging.

All samples were submitted to Nabro Laboratories Limited (Nabro), Asmara, Eritrea, for sample

preparation. Samples were crushed (to 90% passing 2.8 mm) and pulverised (to 85% passing 75 µm).

Two scoop samples were taken from the pulveriser bowl: approximately 120 g for laboratory analysis

and approximately 100 g for portable X-ray fluorescence (pXRF) analysis. The coarse and pulp rejects

were stored at a warehouse in Asmara. The Company inserted certified reference material from OREAS

(www.ore.com.au) into the sample stream, while Nabro inserted barren granodiorite material into the

sample stream as a blank. Drill samples were shipped to ALS Geochemistry (ALS), Loughrea, Ireland,

for analysis. ALS analysed all drill samples for gold by method Au-AA26 (50 g charge fire assay, AAS

finish). ALS is independent of the Company and its quality management systems framework is

accredited to ISO/IEC 17025:2005or certified to ISO 9001:2015standards.