Alpha Exploration Ltd. announced that it has completed the drilling program that was announced on July 7th, 2022. The program was initially going to consist of about 1,000 meters of diamond drilling (DD) and 3,000 meters of reverse-circulation (RC) drilling on three of Alpha's most important prospects on its large 100% owned Kerkasha Project, Eritrea. However, the program was changed so that the last four drill holes at Aburna were drilled with diamond drilling equipment which took significantly longer to finish but also provided useful structural data.

On completion, the program totalled 2,670 meters of RC drilling and 1,856 meters of DD drilling on four prospects - see below for details. 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.

Soil and rock chip sampling by Alpha has identified gold mineralization over a large area (approximately 6 x 2 kms) northeast of the colonial mine. Gold mineralization at Aburna is orogenic-type associated with finely disseminated pyrite and native gold within three major NE-SW oriented shear zones. Recent work by Alpha has included continuous 1-m long sub-surface channel and trench sampling .

Results from this work has defined six prospective sub-areas referred to as: Hill 52, Saddle Workings, Channel 12 Northeast, Celebration Hill, Pad 2 and Aburna Central. In the recent drilling program, twenty RC holes were completed for a total of 2,229 meters - seven holes at Hill-52, five holes at Aburna Central, four holes at Channel 12 Northeast and four holes at the Celebration Hill area. In addition, five DD holes for a total of 881 meters were all drilled at the Hill-52 area.

Assay results for the first diamond drill hole at Aburna (ABD-001) were released on September 14, 2022, showing several intervals of significant gold mineralization (including 20 meters averaging 7.73 g/t gold - see Alpha News release dated September 14, 2022, for details); the balance of the assays will be released when received. This prospect is in the southwest part of the Kerkasha Project where previous drilling has revealed wide intervals of porphyry-style gold and copper mineralization. In January 2020 the first diamond drill hole at Anagulu reported 49 meters averaging 2.42 g/t gold and 1.10% copper and 6.83 g/t silver.

In this recent drilling program, a single diamond drill hole (ANRD-045) has been drilled to a depth of 551.2 meters to test a very strong chargeability anomaly in the southwest part of the Anagulu prospect. This anomaly is coincident with elevated copper, gold, and molybdenum in previous RC drill holes in the area and is interpreted to possibly be the source of the copper and gold mineralisation identified at surface over a 2km strike length in soils, rock chip sampling, trenching and limited drilling. The hole has been completed to the target depth and assays are expected later this month.