Alpha drills second target at Anagulu Copper-Gold Porphyry

Calgary, Alberta--(Newsfile Corp. - August 17, 2026) - Alpha Exploration Ltd. (TSXV: ALEX) ("Alpha" or the "Company") 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. Previ