Alpha's Drilling Confirms Second Target of Scale at Anagulu Copper-Gold Porphyry Project

Alpha Exploration Ltd. (TSXV: ALEX) is pleased to announce results of its recently completed 2,722 metre H1 2026 exploration campaign, including both core and reverse-circulation ("RC") drilling, at the Anagulu copper-gold porphyry project. This work was supplemented and partly guided by the results of a 5,921 metre shallow rotary air blast ("RAB") reconnaissance drilling programme. This RAB drilling was designed to expand and identify new target footprints of the Anagulu Copper-Gold mineralization, where it is concealed under immature soil cover.

HIGHLIGHTS of NEW ANAGULU COPPER-GOLD PROJECT DRILLING RESULTS

ANRD016: 67.00 metres grading 0.38 percent copper ("%") and 0.10 grams per tonne ("g/t") gold Including: 34.00 metres grading 0.61% copper and 0.15 g/t gold Including: 12.00 metres grading 1.20% copper and 0.30 g/t gold

Discovery Target Zone quartz-eye porphyry-hosted mineralization expanded 60 metres to the northeast and other copper-gold-mineralized units, associated with the broader porphyry system, extended 250 metres along trend

ANR051: 25.00 metres grading 0.20% copper and 0.07 g/t gold Including : 16.00 metres grading 0.26% copper and 0.09 g/t gold

First RC drill testing of Camel target establishes this expanded 1.25 by 0.2 kilometre RAB copper target as a quartz-eye porphyry unit with copper sulphide and gold mineralization

Camel Target Zone completely untested for 1.1 kilometres along trend to southwest, where width and grade of RAB target increase, with comparable RAB copper results higher than those over the original Discovery target zone

The Anagulu project is located within the Company's 100% owned, 514 km² Kerkasha Project in Eritrea. The Anagulu copper-gold porphyry was discovered by the Alpha team through surface sampling and mapping with follow-up drilling. Previously reported drilled intercepts include 108 metres @ 0.60 % copper and 1.24 g/t gold including 49 metres @ 1.10% and 2.42 g/t gold, and 120 metres @ 0.30% copper and 0.47 g/t gold in drill holes AND001 and ANRD049, respectively, in the Discovery target zone. The project is located some 7 kilometres south of the Company's shallow Aburna gold project, the second of three significant discoveries made by the Alpha team on the Kerkasha licence.

John Wilton, CEO of Alpha, stated: "We are very pleased with results from our recently completed and highly successful H1 2026 Anagulu copper-gold porphyry project exploration campaign. These new drilling results have delivered several critical highlights that enhance the scale potential and our understanding of the Anagulu mineralization. Intercepts in RC holes ANR051, 052 and 053 confirm the new 1.25-kilometre-long Camel target zone to be related to a copper-gold-mineralized quartz-eye porphyry unit. The Camel target zone, as identified from the shallow RAB drilling, is completely untested for 1.1 kilometres to the southwest of these RC holes where its width and copper grade both increase. This untested 1.1 kilometres of the Camel target represents the largest, highest grade and most continuous near-surface copper anomaly at the project, surpassing those associated with the parallel Discovery zone. Two continuous zones of over 1,000 ppm copper, with RAB sample values ranging from 1,067 to 3,274 ppm copper, highlight the robustness of the target. In addition, the quartz-eye porphyry-hosted copper-gold mineralization at the Discovery zone has been expanded some 60 metres to the northeast by an intercept in drill hole ANRD016, with other mineralized units associated with the porphyry system being intersected some 250 metres farther along trend. Also, the new RAB drilling data integrated with trench-sampling results indicate a target trend of some 700 metres long in the southwest of the Discovery zone with only limited drill testing that motivates further ..."