Alpha Exploration Ltd. Announces Conversion of Preferred Shares

NEWS RELEASE

ALPHA EXPLORATION LTD. ANNOUNCES CONVERSION OF PREFERRED SHARES

Calgary, Alberta, November 23, 2023 – Alpha Exploration Ltd. (the “Corporation” or “Alpha”) (TSXV:

ALEX) today announces that an aggregate of 15,286,159 preferred shares in the capital stock of the Corporation

have been converted, a one-for-one basis, into ordinary shares of the Corporation effective as of November 14,

2023 (the “Conversion”). The Conversion was completed in accordance with the Corporation’s memorandum

of association and prior to completion of the Conversion, Alpha received all requisite approvals, including that

of the TSXV Venture Exchange (the “Exchange”).

Alpha’s ordinary shares are listed on the Exchange under the symbol “ALEX”.

For more information concerning the Corporation, please refer to the Corporation’s profile on the SEDAR

website at www.sedar.com.

Forward-Looking Information

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: the terms and conditions of the Private Placement; the closing date for the Private Placement; and

anticipated use of net proceeds from the Private Placement, including any advancement of exploration work on

the Kerkasha Project. 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.

For more information, please contact:

Alpha Exploration Ltd.

Michael Hopley

President and Chief Executive Officer

Alpha Exploration Ltd.

Email: [email protected]

Tel: +44 207129 1148

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of the content of this

release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply

with this restriction may constitute a violation of U.S. Securities Laws.