ALEX.V · 2022-05-25 12:00:00

Alpha Exploration Announces More Drilling Results from Aburna with Intercept of 22 M of 4.50 G/T Gold

Drill Results

Alpha Exploration Announces More Drilling

Results from Aburna with Intercept of 22 M of

4.50 G/T Gold

Calgary, Alberta--(Newsfile Corp. - May 25, 2022) -

Alpha Exploration Ltd.

(

TSXV: ALEX

) ("

Alpha

" or

the "

Company

") is pleased to announce more results from the first drilling program on its Aburna gold

prospect, part of the Company's 100% owned Kerkasha Project, Eritrea. A program consisting of 19

reverse-circulation drill holes was completed in February and March this year and results from the first 14

holes (ABR-001 to ABR-014) were announced earlier this month (May 3, 2022) and now assay results

from 4 of the 5 remaining drill holes (ABR 016 to ABR-019) have been received.

Highlights

Drill hole ABR-018 in the Hill 52 location intersected 22 meters averaging 4.50 g/t gold.

Drill hole ABR-017 in the Hill 52 location intersected 5 meters averaging 1.94 g/t gold.

Table 1: Summary of Best Intervals from Aburna Drill Holes ABR-016 to ABR-019

Hole Number

From (m)

To (m)

Interval (m)*

Au (g/t)

Area

ABR-016

0.52

Hill 52

ABR-017

0.42

Hill 52

and

0.94

Hill 52

and

1.94

Hill 52

ABR-018

0.39

Hill 52

and

4.50

Hill 52

ABR-019

significant

assays

Aburna Central

Note

: At this early stage of exploration the true width of the mineralization is uncertain, but it is estimated to be 70 to 80% of reported intervals. Intervals

are calculated with a 0.2 g/t Au cut-off and a maximum internal dilution of 2 m.

Michael Hopley, Alpha President & CEO said, "These results from the first drilling campaign at

Aburna continue to support the view that Alpha has found what could be a large gold

discovery at Aburna with widespread gold mineralization spread over large areas in many drill

holes. These positive results give the Alpha exploration team plenty of targets for the next

round of drilling particularly at the Hill 52 and Celebration Hill areas."

Aburna Gold Prospect

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

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

artisanal miners. Earlier work by Alpha has identified gold mineralization over an area of approximately

4 km by 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

November 2021 and 10

February

2022). Results have defined six prospective sub-areas namely: Hill 52, Saddle Workings, Channel 12

NE, Celebration Hill, Pad 2 and Aburna Central - (see Map 1 below).

These latest results are from 4 (ABR-016 to ABR-019) of the last 5 drill holes at Aburna and they are

summarized in Table 1. Assay results for drill hole ABR-015 are not reported due to one missing sample

and assay; results from this hole will be released as soon as all assays have been received.

Assay results from the first 14 drill holes at Aburna were released on May 3, 2022; these results are

summarized in Table 2.

Map 1 Aburna Gold Prospect

To view an enhanced version of Map 1, please visit:

https://orders.newsfilecorp.com/files/8361/125219_alpha1en.jpg

Map 2 below shows the location and surface projections of all drill holes at the Hill 52 area as well as

lithology and gold assays per meter in histogram form.

Map 2

To view an enhanced version of Map 2, please visit:

https://orders.newsfilecorp.com/files/8361/125219_cb4c0ad37498e870_002full.jpg

The two cross-sections below A-A¹ and B-B¹ are through the Hill 52 area showing lithology and gold

assays per meter in histogram form.

Cross-Section A-A¹ Hill 52 Drilling

To view an enhanced version of this graphic, please visit:

https://orders.newsfilecorp.com/files/8361/125219_cb4c0ad37498e870_003full.jpg

Cross-Section B-B¹ Hill 52 Drilling

To view an enhanced version of this graphic, please visit:

https://orders.newsfilecorp.com/files/8361/125219_cb4c0ad37498e870_004full.jpg

Map 3 below shows the location and surface projections of all drill holes at the Celebration Hill area as

well as lithology and gold assays per meter in histogram form.

Map 3 Celebration Hill Drill Plan Map

To view an enhanced version of Map 3, please visit:

https://orders.newsfilecorp.com/files/8361/125219_cb4c0ad37498e870_005full.jpg

The Table 2 below is a summary of the best drill hole intervals from the first 14 drill holes at Aburna

released on May 3, 2022.

Table 2: Summary of Best Intervals from drilling at Aburna Drill Holes ABR-001 to ABR-014

Hole Number

From (m)

To (m)

Interval (m)*

Au (g/t)

Area

ABR-001

0.87

Hill 52

and

1.58

Hill 52

ABR-002

3.65

Hill 52

and

1.38

Hill 52

and

1.08

Hill 52

and

1.90

Hill 52

ABR-003

1.43

Hill 52

ABR-004

3.00

Hill 52

and

1.44

Hill 52

ABR-005

5.85

Hill 52

and

4.48

Hill 52

and

2.43

and

4.65

Hill 52

and

3.31

Hill 52

ABR-006

1.12

Hill 52

and

136

137

3.31

Hill 52

ABR-007

1.85

Hill 52

ABR-008

5.24

Celebration Hill

and

1.57

Celebration Hill

ABR-011

1.77

Celebration Hill

ABR-012

1.49

Celebration Hill

*Note that at this early stage of exploration the true width of the mineralization is uncertain, but it is

estimated to be 70 to 80% of reported intervals. Intervals are calculated with a start and end value of not

less than 0.92g/t Au using a 0.2 g/t Au cut-off and a maximum internal dilution of 2 m.

Notes

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 was by reverse-circulation. Samples were split at the rig using a

Metzke splitter, before being 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 analyzed

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 17025:2005 or

certified to ISO 9001:2015 standards.

Table 2 Drill Collar Data

Prospect

Hole

Type

East (UTM)

North (UTM)

Azimuth (°)

DIP (°)

Started

Ended

Depth (m)

Aburna

ABR001

340821

1651448

920

315

-50

2/26/2022

Aburna

ABR002

340852

1651421

942

315

-50

2/27/2022

108

Aburna

ABR003

340875

1651392

937

315

-50

2/28/2022

150

Aburna

ABR004

340904

1651359

946

315

-50

1/3/2022

Aburna

ABR005

340873

1651265

965

315

-50

3/2/2022

3/4/2022

222

Aburna

ABR006

340878

1651331

931

315

-50

3/4/2022

3/5/2022

180

Aburna

ABR007

340826

1651328

941

315

-50

3/6/2022

Aburna

ABR008

341631

1650633

930

315

-50

3/7/2022

3/8/2022

102

Aburna

ABR009

341546

1650555

948

315

-50

3/8/2022

Aburna

ABR010

341504

1650476

958

315

-50

3/9/2022

Aburna

ABR011

341388

1650261

950

315

-50

3/9/2022

3/10/2022

Aburna

ABR012

341221

1650082

944

315

-50

3/10/2022

Aburna

ABR013

340406

1649981

981

315

-50

3/11/2022

Aburna

ABR014

340406

1649981

981

315

-70

3/11/2022

3/12/2022

Aburna

ABR015

341571

1651533

936

315

-50

3/14/2022

114

Aburna

ABR016

340850

1651234

950

315

-50

3/15/2022

3/16/2022

186

Aburna

ABR017

340823

1651264

945

315

-50

3/16/2000

3/17/2022

100

Aburna

ABR018

340906

1651240

965

315

-50

3/18/2022

Aburna

ABR019

341756

1651866

943

315

-50

3/18/2022

Total

2000

About Alpha

Alpha is an exploration company listed on the TSX-V exchange under the symbol ALEX that has made 3

important discoveries in the past 2 years at it's Kerkasha Project in Eritrea:

Anagulu porphyry gold-copper

Aburna orogenic gold

Tolegimja volcanogenic-massive-sulphide (VMS)

The company is managed by a group of highly experienced and successful professionals with many

years of experience carrying out exploration and resource development programs in Eritrea and Sudan

and is focused on the discovery of world class economic gold and base metals deposits in the highly

prospective Arabian-Nubian shield, on either side of the Red Sea. Alpha currently holds a 100% interest

in the large (771 km

) Kerkasha Exploration License in southwest Eritrea, located 135 km west-

southwest of the capital city of Asmara. Since acquiring the property in January 2018, the company has

spent approximately CAD$12 million on exploration and identified 17 in prospects of which six have

been drilled to date.

For further information go to the Alpha webpage at

www.alpha-exploration.com

or contact:

Michael Hopley

President and Chief Executive Officer

Alpha Exploration Ltd.

Email:

[email protected]

Tel: +44 207129 1148

Qualified Person

All scientific and technical information in this press release, including the results of the Aburna drill

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