Alpha Exploration Ltd. provided an update on its ongoing aggressive exploration program over the 100% owned, 771km2 Kerkasha Project located in southern Eritrea. Exploration has focused on the Company's district scale, orogenic Aburna Gold Prospect and the Tolegimja Copper-Zinc-Gold VMS Prospect. The Aburna Gold Prospect is a significant gold discovery made by Alpha with mineralization systematically defined at surface over a 7.2km x 2km area and where recent drilling includes 16m @ 14.07g/t Au and 23m @ 6.74 g/t Au.

Exploration program highlights during the period include: Aburna Gold Prospect: 5,565m of drilling: including 4,756m by reverse-circulation (28 holes) and 809m by diamond drilling (5 holes). Assays are pending with results expected in September. Over 10,000m of drilling has now been completed by Alpha's team in 2023.

3,678m of trench & channel sampling testing extensions to the 7.2km long gold in soil anomaly. Assays are pending and expected in September. Ground magnetic geophysical survey and separate Gradient Array Induced Polarization ("GAIP") survey covering 2.1km by 5.3km along the main Aburna trend.

Interpretation is ongoing with results expected in September. Work completed during period. Aburna Gold Prospect: i) Drilling.

4,756 m of reverse circulation drilling was completed during the quarter. Drilling has targeted step-outs from known high grade mineralization.809m of diamond drilling was undertaken and has focused on expanding Alpha's structural understanding of Aburna and characterizing high grade mineralization. Trench, channel sampling.

3,678m ofrench and channel sampling was completed during the quarter. Sampling focused on the southwest and northeast margins of the existing >100ppb Au gold in soil anomaly. Ground magnetic & GAIP surveys.

A 11.13 km2 ground magnetic survey and separate 9.66 km2 GAIP survey have been completed over the main mineralization trend at Aburna. The surveys were undertaken to define drill targets to both extend high grade mineralization intersected previously across Aburna, and to establish continuity between the various primary targets defined to date including Hill 52, Central Area, Celebration Hill and Northeast Area. The Company's exploration team are currently interpreting data from both programs which will help target future drilling at Aburna.

High resolution topographic survey. A differential GPS Survey of all drillhole collars was performed to establish highly accurate collar elevations and help develop a high-resolution topography map of Aburna. Other studies initiated: The Company has commenced an Environmental Baseline Study on the project.

Work to date includes the installation of a micro-weather station to collect atmospheric data. Initial metallurgical studies have been initiated from Aburna RC drillhole samples to determine the nature of gold mineralization observed across the project. To date four 15kg composite samples have been collected for analysis by Maelgwyn-South Africa and ten 1kg composite samples were collected for analysis by ALS-Perth.

Tolegimja Copper- Zinc-Gold VMS Prospect: A 1,324m trenching program was completed at Tolegimja covering a strike length of >500 metres. Assay results are currently pending and expected in October.