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Alpha Copper Announces Results of Magnetic 3D Inversion Study at the Star Project

Corporate Updates

Alpha Copper Announces Results of Magnetic

3D Inversion Study at the Star Project

VANCOUVER, BC, May 18, 2023 (GLOBE NEWSWIRE) — Alpha Copper Corp. (CSE: ALCU) (OTC:

ALCUF) (FWB: PP0) (“Alpha,” “Alpha Copper,” or the “Company”) a resource sector enterprise founded

to create value through mineral exploration, technical development, and asset acquisition, is pleased to

announce results and interpretation of a geophysical magnetic 3D inversion study on its Star Project in

northwestern British Columbia.

The Star Project is located approximately 50 km NW of the community of Telegraph Creek in the traditional

territory of the Tahltan First Nation and is situated in the highly prospective Stikine Arch; an important

geological region that hosts numerous large porphyry copper-gold projects such as the Red Chris and Galore

Creek deposits.[1]

Highlights:

 Seven target areas with copper mineralization at surface are underlain by magnetic anomalies.

 Magnetic lows relate to hydrothermally altered faults and are an expression of the porphyry

system.

 An oval-shaped magnetic high anomaly at the Star target may be associated with alkalic porphyry-

style potassic alteration, and is 400 metres wide and starts at 150m depth, which has not been drill

tested (Fig. 1).

“The results of the magnetic inversion study are consistent with the known extent of the mineralized system

at the Star target to date ,” stated Darryl Jones, CEO of Alpha. “ We can now use magnetic data to

complement the geological model and we are currently focussing on filling gaps in the drill coverage while

extending known mineralization laterally , and to depth. This drilling is expected to be gin in June, 2023,

and be completed by the start of August, 2023. The magnetic inversion also identified several anomalies

that correlate with geochemical target areas identified in previous surficial sampling campaigns that are

now closer to being drill tested.”

Figure 1. Vertical section looking NW of the St ar target area (see Figure 2) showing the resultant magnetic

isosurfaces from the computer modelled 3D inversion, and historic drill results (Cu assay, ppm). A majority of drilling

at the Star target tested the volume between two magnetic anomalies.

The review yielded magnetic filter products that clearly show variable magnetic intensity in bedrock at the

main target areas on the property (i.e., Star and Star East; see Figure 1), as well as a sub -surface view of

magnetic anomalies for geologic interpretation (see Figure 2). Anomalous magnetic stock-shaped features

are present at each of the seven target areas. In addition to these anomalous features, a magnetic anomaly

southeast of the Copper Creek occurrence has also been noted for follow-up surface exploration.

Several linear features identified in the magnetic dataset suggest several faults transect the target area. The

magnetic anomaly beneath the Star target area appears to have been affected by at least two of these

magnetite-destructive features; these breaks correlate with mineralization in the historic drill logs and may

represent a sulfide-forming fluid pathway. The deeper parts of this break in the magnetic anomaly, is south

of the majority of drilling on the Star and has not been significantly tested with diamond drilling to date.

The Company will focus exploration work in 2023 on the Star target area (Figures 1 and 2 ) after a

comprehensive interpretation of the recently completed geophysical modelling. The priority drill test zones

target a potential high grade and near-surface oxidized zone, and deep-seated (>500 m) disseminated and

vein-hosted mineralization within and adjacent to the magnetic anomalies; potentially the core of a gold -

copper porphyry style mineralized system.

Technical Detail on the Geophysical Modeling and Targeting

The 3D magnetic inversion was completed using high-resolution aeromagnetic data acquired during a 2013

heli-borne magnetic survey at 100 metre flight line spacing. The data was inverted using a 75 m2 by 37.5

metre mesh over the entire property and using a 25 m2 by 12.5 metre mesh over a target area covering the

Star, Star East, and Copper Creek target areas (Figure 2). The unconstrained magnetic inversion in the

detailed area was completed to a depth of 500 metres below the surface, and thus is a useful exploration

technique utilized in locating buried stocks of typically felsic to intermediate composition that could be

associated with porphyry style mineralization. The inversion was incorporated in the geological model of

the project that also includes geological, magnetic susceptibility, and structural data collected from previous

drilling campaigns.

Figure 2. Plan-view of the Star Project mineral tenure with magnetic 3D modelled isosurfaces and predefined target

areas shown. The pink isosurfaces are the resultant coarse 3D inversion, and the teal isosurfaces show the results of a

more detailed modelled 3D inversion. Note anomalous magnetic features that were revealed with the detailed

inversion.

Background on the Star Project

Information on the location, geology, history, and historical resources at the Star Project are presented on

the Company's web site at the following link: https://alphacopper.com/projects/star-project/.

Qualified Person

Jeremy Hanson, P.Geo., is the qualified person for the Company as defined in the National Instrument 43-

101 and has reviewed and approved the technical information presented within this news release.

On Behalf of the Board of Directors,

~Darryl Jones~

Darryl Jones

CEO, President & Director

Alpha Copper Corp.

Contact Alpha Copper

Invictus Investor Relations

+1 (604) 343.8661

[email protected]

About Alpha Copper Corp (CSE: ALCU) (OTC: ALCUF) (FWB: PP0):

Alpha Copper Corp. is focused on contributing to the green economy by finding and developing copper

resource assets in stable jurisdictions. The Company is positioned to earn a 60% interest in the Indata

copper-gold project located in north central British Columbia and a 100% interest in the Okeover copper -

molybdenum project located near the coastal community of Powell River, British Columbia. After the

recent acquisition of CAVU Energy Metals, the Company holds an option to acquire 100% of the Star

copper-gold porphyry project in the Golden Triangle of BC, as well as an option to acquire up to 70% of

the Hopper copper-gold porphyry p roject in the southern Dawson Range copper -gold belt of the

southwestern Yukon, and further includes the 100% -owned Quesnel Project in the middle of the Quesnel

Trough, host to a number of alkalic copper-gold porphyry deposits running northwest across western British

Columbia. For more information visit: https://alphacopper.com/.

Forward-Looking Statements

This news release contains forward -looking statements and other statements that are not historical facts.

Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”,

“expects” and similar expressions. All statements other than statements of historical fact, included in this

news release are forward-looking statements that involve risks and uncertainties. There can be no assurance

that such statements will prove to be accurate and actual resu lts and future events could differ materially

from those anticipated in such statements. Important factors that could cause actual results to differ

materially from the Company’s expectations include the results of further exploration and other risks

detailed from time to time in the filings made by the Company with securities regulators. The reader is

cautioned that assumptions used in the preparation of any forward -looking information may prove to be

incorrect. Events or circumstances may cause actual res ults to differ materially from those predicted, as a

result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond

the control of the Company. The reader is cautioned not to place undue reliance on any forward -looking

information. Such information, although considered reasonable by management at the time of preparation,

may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking

statements contained in this news release are expressly qualified by this cautionary statement. The forward-

looking statements contained in this news release are made as of the date of this news release and the

Company will update or revise publicly any of the included forward -looking statements a s expressly

required by applicable law.

[1] The Red Chris and Galore Creek Deposits are advanced and developed projects and the reader is

advised that the these are not indicative that a deposit will be defined on the Star Project or that the Star

Project will be similarly advanced and developed.