Alpha Exploration Ltd. announced results of an Induced Polarization geophysical study and detailed structural mapping over one of the Company's prime volcanogenic- massive-sulphide ("VMS") prospects known as Tolegimja located in the northeastern part of its large Kerkasha Project in Eritrea. The 3D IP Resistivity survey was carried out at Tolegimja in July-September 2021 by the Canadian contractor Geophysique TMC. The survey was designed, and the results interpreted by independent consulting company Southern Geoscience Consultants ("SGC"), West Perth WA Australia.

Extracts from SGC's report are as follows: "Two targets (TOL-1, TOL-2) rated as high priority are highly chargeable, conductive, well- defined, extensive bodies extending to depth. They correlate well with anomalous copper in soil and rock chip sampling. In addition, the Tolegimja prospect was mapped in detail by consultant Dr. Ghislain Tourigny in November and December 2021.

In his report Dr. Tourigny says the following: "Overall, the geological and metallogenic environments of the polymetallic Cu-Zn ± Au anomaly of the Tolegimja prospect share many characteristics with volcanogenic massive sulphide deposits classified as bimodal-mafic type" and Tolegimja is also characterized by a significant IP anomaly that is found from a depth of 55 m up to a depth of 295 m. This chargeable anomaly must correspond to disseminated sulphides found in a highly prospective rock volume and merits testing with RC drilling.