Mr. John Wilton reports

ALPHA ANNOUNCES DR. RICHARD SILLITOE WORLD-RENOWNED ECONOMIC GEOLOGIST JOINS THE COMPANY AS ADVISOR AND EXPLORATION DRILLING COMMENCES

Dr. Richard Sillitoe, one of the world's foremost experts on copper and gold deposits, has joined the Alpha Exploration Ltd. team as a technical and strategic adviser. Dr. Sillitoe will provide valuable insights and strategy from hands-on geological field observations and global experience in the exploration of similar mineralized systems.

The company also announces that an exploration drilling program has commenced at its Kerkasha project that will include approximately 6,000 metres at the Aburna gold prospect and 4,000 metres at the Anagulu copper-gold prospect. This exploration phase, totalling approximately 10,000 metres, will include both reverse circulation (RC) and core drilling. The main objectives of this work are to augment the known gold mineralization at Aburna, test other new targets nearby in search of new discoveries as well as expand the Anagulu copper-gold porphyry prospect through further mineralized drill intercepts.

Both prospects are located within its 100-per-cent-owned, 514-square-kilometre Kerkasha project located in Eritrea.

The Aburna gold prospect is a district-scale gold system covering an area at least seven kilometres long and two kilometres wide. Three prospects (Central, Hill 52 and Northeast) have been the main focus for previous exploration and evaluation drilling. The large Aburna area of gold mineralization is also marked by extensive anomalous gold values in soil and shallow rotary air blast (RAB) drill sampling, in places associated with artisanal workings.

The Anagulu copper-gold porphyry prospect was discovered by the Alpha team through surface sampling and mapping with follow-up drilling. The exploration target footprint has been expanded by recent shallow RAB drilling, following up on termite mound sampling, to approximately four by two km. These prospects, located only approximately seven km apart, are two of three significant discoveries made by the Alpha team on the Kerkasha licence.

John Wilton, chief executive officer of Alpha, stated: "We are delighted that Dr. Sillitoe has agreed to join our team. He first completed a drill core review of Alpha's copper-gold project in 2021 and confirmed its porphyry style of mineralization. In January of this year, he spent 10 days in the field with the Alpha exploration team visiting outcrops and reviewing drill core from both the Aburna gold and Anagulu copper-gold prospects. This work provided several important insights from the detailed geological and mineralization observations, coupled with his global experience. We are incorporating these understandings into our exploration drill plans. Dr. Sillitoe's wide-ranging international technical expertise and premier reputation will be highly valuable to Alpha as we advance our gold and copper exploration projects in Eritrea and pursue our growth value strategy."

Dr. Sillitoe commented that he is pleased to be working with the Alpha team and looks forward to assisting in the advancement and expansion of its diverse portfolio of gold-plus-or-minus-base-metal projects.

Mr. Wilton continued: "In addition, our in-country team has commenced our next phase of exploration drilling planned for some 10,000 metres to be completed during Q2 into Q3, with first results expected at the end of Q2 or early Q3. The primary aim of this exploration campaign is to increase the area of the drilled gold mineralization at the Aburna gold prospect and test other nearby targets in search of additional discoveries. Also, the drilling at the Anagulu copper-gold prospect will test the expanded exploration target footprint resulting from recent positive shallow RAB and termite mound analytical results."

Dr. Sillitoe has served as an independent economic geological consultant for numerous international mining companies in Europe, the Americas, Africa, Australasia, Southeast Asia and the western Pacific region for the past 50 years, during which time he has made major contributions to the discovery of a variety of copper, gold and other deposits. He is the author of 130 economic geology articles as well as three books documenting circum-Pacific discoveries.

Dr. Sillitoe graduated from the University of London, England, where he went on to obtain a PhD degree in 1968. After working for the Instituto de Investigaciones Geologicas (Geological Survey of Chile) and then returning to the Royal School of Mines at the University of London as a Shell postdoctoral research fellow, he began his consulting career with mining companies, international agencies and foreign governments.

He has a breadth of experience, including work on precious, base and lithophile-metal deposits and prospects in 100 countries around the world, but focuses primarily on the epithermal gold and porphyry copper environments. His specialty is deposit modelling using field observations and drill core. Published research has earned him awards in Europe, Australia, North America and South America, including the R.A.F. Penrose Gold Medal of the Society of Economic Geologists, of which he was president in 1999 to 2000.

Aburna gold prospect and Anagulu copper-gold prospect Q2/Q3 2026 drill program

Alpha has commenced its planned 10,000-metre Q2/Q3 2026 exploration drilling program that will include approximately 6,000 metres at the Aburna gold prospect and 4,000 metres at the Anagulu copper-gold prospect. This campaign will utilize approximately 6,500 metres of RC drilling and 3,500 metres of core drilling.

Aburna gold prospect

The planned 6,000 metres of drilling at the Aburna prospect will target the expansion of the gold mineralization discovered by the Alpha team to date. This will be combined with the 32,634 metres already completed by Alpha at the Hill 52, Central and NE areas and test other compelling geological targets nearby in search of new discoveries.

The gold mineralization at Aburna is relatively shallow, with approximately 90 per cent of the drilling delivering intercepts shallower than 120 metres. In addition, to date, only approximately 20 per cent of the Aburna corridor, as defined by gold-in-soil anomalies, trenching, reconnaissance RAB drilling in areas of transported soil, permissive geology and structure, has been tested by significant drilling.

Selected mineralized intervals at Aburna include (previously reported):

• ABD012: 18 metres at 15.33 grams per tonne (276 GM) from 114 m;
• ABR037: 16 metres at 14.07 g/t Au (225 GM) from 14 m;
• ABD008: five metres at 32.10 g/t Au (160 GM) from 129 m;
• ABD001: 23 metres at 6.74 g/t Au (155 GM) from 89 m;
• ABD013: 49 metres at 2.75 g/t Au (135 GM) from 18 m;
• ABR018: 19 metres at 5.19 g/t Au (99 GM) from 50 m;
• ABR092: nine metres at 10.00 g/t Au (90 GM) from 55 m.

Note: GM refers to gram-metre (equal to drilled interval multiplied by grade).

Anagulu copper-gold prospect

Approximately 4,000 metres of drilling are planned at the Anagulu copper-gold porphyry prospect. The objectives of this current drilling program at Anagulu are to test new shallow exploration targets recently identified from shallow RAB drilling and further examine the width, grade and depth potential of the system.

This mineralized porphyry system has already returned drilled intercepts over approximately 2.4 kilometres along trend. Importantly, the mineralization is centred in a quartz-eye porphyry dike that extends from surface outcrops to approximately 340 metres depth. Recently reported shallow reconnaissance RAB drilling and termite mound sampling have expanded the exploration target footprint to approximately four by two kilometres. One of the most compelling new targets is the Camel target zone, which represents an area of at least one kilometre along its northeast to southwest trend and approximately 250 metres in width; it is separate and parallel to the previously discovered copper-gold mineralization. Furthermore, this new target zone remains open to expansion to the south and west, where there is a large area of geochemically anomalous copper recently returned by termite mound sampling (see Alpha's news release dated Feb. 24, 2026).

Selected mineralized intervals at Anagulu include (previously reported):

• AND001: 108 metres at 1.25 g/t Au (134 GM) and 0.60 per cent Cu from 59 m:
  • Including: 49 metres at 2.33 g/t Au (144 GM) and 1.05 per cent Cu from 80 m;
• AND005: 109 metres at 0.79 g/t Au (86 GM) and 0.35 per cent Cu from 99 m;
• ANR044: 70 metres at 0.56 g/t Au (39 GM) and 0.37 per cent Cu from 140 m;
• ANRD049: 120 metres at 0.47 g/t Au (56 GM) and 0.30 per cent Cu from 279 m.

Note: GM refers to gram-metre (equal to drilled interval multiplied by grade).

Qualified person

All scientific and technical information in this press release, including the results of the Aburna drill program and how these results relate to the continuing exploration at the Kerkasha project, has been reviewed, verified and approved by John Wilton, CGeol, FGS, chief executive officer and a director of Alpha and a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Alpha Exploration Ltd.

Alpha is an exploration company that is rapidly advancing several important gold and base metal discoveries across its 100-per-cent-owned, large (514-square-kilometre) Kerkasha project in Eritrea.

The Aburna gold prospect is an exciting new gold discovery covering a very large 7.2-kilometre-by-two-kilometre footprint, where recent drilling has established a high-grade discovery with grades including 18 metres at 15.33 grams per tonne gold, 49 m at 2.75 g/t Au, 16 m at 14.07 g/t Au, nine m at 10 g/t Au and 23 m at 6.74 g/t Au.

The Anagulu gold-copper prospect with recent drilling intersections of 108 m at 1.24 g/t Au and 0.60 per cent copper, including 49 m at 2.42 g/t Au and 1.10 per cent Cu, and 109 m at 0.79 g/t Au and 0.35 per cent Cu within a porphyry unit and with an exploration target footprint of approximately four km by two km. The company is also exploring the Tolegimja copper-zinc-gold volcanogenic massive sulphide prospect and has identified over 17 other gold and base metal targets since listing in 2021.

Alpha is managed by a team of highly experienced and successful mining professionals with long records of establishing, building and successfully exiting a number of world-class gold and base metal discoveries in Eritrea, across the wider Arabian-Nubian Shield and other regions of Africa.

We seek Safe Harbor.