ALEX.V · 2022-05-03 12:00:00

Alpha Exploration Announces New Gold Discovery at Aburna with Drill Intercepts 15 M of 5.85 G/T Gold & 10 M of 5.24 G/T Gold

Drill Results

Alpha Exploration Announces New Gold

Discovery at Aburna with Drill Intercepts 15 M

of 5.85 G/T Gold & 10 M of 5.24 G/T Gold

Calgary, Alberta--(Newsfile Corp. - May 3, 2022) -

Alpha Exploration Ltd. (TSXV: ALEX)

Alpha

" or

the "

Company

") is pleased to announce results from 14 of 19

reverse-circulation (RC) drill holes at the

Aburna gold prospect, part of the Company's 100% owned Kerkasha Project, Eritrea.

Highlights

Drill hole ABR-005 in the Hill 52 location intersected 15 meters averaging 5.85 g/t gold.

Drill hole ABR-008 in the Celebration Hill location intersected 10 meters averaging 5.24 g/t gold.

The Aburna gold prospect on the Kerkasha Project has not been previously drilled. This initial

drilling program was conducted in February and March 2022 and consisted of 19 angled RC holes

to depths of 60 to 222 meters (see Drill Collar Table 2 below for more details)

Michael Hopley, Alpha President & CEO said, "We are very encouraged with these initial drill

results from Aburna, particularly because of the very large size potential of the prospect

indicated from earlier trenching over approximately 4 km by 2 kms. The results to date show

impressive widths of strong gold mineralization in two areas of interests at Aburna - Hill 52 and

Celebration Hill. Now that these areas have demonstrated possible economic grade

mineralisation is present, further drilling will focus on determining the strike extent and width

of mineralisation.

Table 1: Summary of Best Intervals from recent drilling at Aburna.

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

Hill 52

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.

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). In addition, consultant structural

Geologist Dr. Ghislain Tourigny has completed detailed geological mapping of these areas.

Map 1 Aburna Gold Prospect

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

https://orders.newsfilecorp.com/files/8361/122570_79d7f1f664bdbb38_001full.jpg

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

2,000

About Alpha

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

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

Anagulu porphyry gold-copper

Tolegimja volcanogenic-massive-sulphide (VMS)

Aburna orogenic gold

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

program and how these results relate to the ongoing exploration at the Kerkasha Project has been

reviewed, verified, and approved by Michael Hopley, President, Chief Executive Officer of Alpha and a

"qualified person" for the purposes of national Instrument 43-101 -

Standards of Disclosure for Mineral

Projects.

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.

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/122570

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