Alpha Exploration Ltd. provided an update on its exploration programs across its 100% owned, 771 km² HIGHLIGHTS: Acceleration of exploration programs on three priority prospects across Kerkasha licence, 8,000 metre drill program more than half completed on Aburna Gold Prospect, 3rd drill rigen route to accelerate drill target definition at Aburna, Additional exploration drilling planned for Anagulu Copper-Gold Prospect, Drill targeting underway at Tolegimja Copper-Zinc-Gold VMS Prospect. The current drill program at the Aburna Gold Prospect ("Aburna") has reached approximately 5,000m of the 8,000m of reverse circulation ("RC") and diamond drilling ("DD") planned to test a number of high priority targets and is expected to be completed within the next six weeks. This drilling includes extending a high-grade feeder zone discovered earlier this year where Alpha intersected 18m @ 15.33 g/t Au and 49.5m @ 2.75 g/t Au from drill holes ABD012 and ABD013 respectively.

In addition, a Rotary Air Blast ("RAB") rig is being mobilized to site to commence drilling in August this year, with 10,000m planned to accelerate discovery of further shallow, high grade gold 'shoots' within the main mineralized corridor defined to date. These planned work programs will enable Alpha to fast-track drill target definition at Aburna, which may include utilising additional drills later in the year to fully define the primary mineralized lenses as part of a resource definition drilling program. At the Anagulu Gold-Copper Porphyry Prospect ("Anagulu") and Tolegimja Copper-Zinc-Gold VMS Prospect ("Tolegimja"), Alpha plans to drill up to 2,000m and 1,000m respectively over high priority targets as well as 10,000 metres of RAB drilling over both prospects in H2 2024.

Recent interpretation by Alpha has established that the three main target areas at Aburna; Hill 52, Central Area and Northeast Area likely comprise the same mineralized system creating an overall target up to 3km in length and separated by a major N-S regional fault that appears to have laterally offset mineralization. The current drill program will focus on fully defining this target, including drill testing the 300m "Gap Zone" between Hill 52 and Central Area. Separately, the Company plans to commence drilling with a RAB rig from Third Quarter this year.

The rapid drilling of many shallow (less than 50m deep) drill holes by using a RAB rig will enable Alpha to rapidly and cost effectively test a number of priority targets, as well as testing the potential for further high-grade 'shoots' over the very large 7.2km x 2km Aburna footprint defined by anomalous surface gold geochemistry and trenching Recent drilling completed by Alpha at Aburna includes assays received from five RC holes with results detailed in Table 1, below. Significantly, drill hole ABR124 that include 15m @ 2.25 g/t Au, was drilled from the eastern end of the Gap Zone where drilling is currently ongoing. Many drillholes recently completed by the Company are awaiting sample preparation at NABRO Laboratories Limited ("NABRO") in Asmara.

Alpha expects a delay of several weeks in receiving results from these holes due to upgrading of mechanical equipment at NABRO. With the anticipated acceleration in the Company's exploration programs, Alpha is currently looking at options to transport an additional, self-contained preparation facility to Asmara from ALS in the coming weeks.