Mr. J.W. Morton reports

EASTFIELD RESOURCES ANNOUNCES AMENDMENT TO INDATA PROJECT OPTION AGREEMENT

Alpha Copper Corp. has entered into an amending agreement dated Jan. 12, 2024, in respect of the option agreement dated June 20, 2018 (as previously amended on May 7, 2019, Nov. 16, 2020, July 6, 2022, and March 20, 2023), with Eastfield Resources Ltd., pursuant to which Alpha Copper may acquire a 60-per-cent interest in the Indata copper-gold project located in north-central British Columbia.

In accordance with the amending agreement, to earn a 60-per-cent interest in the property, Alpha Copper must make remaining payments to Eastfield and incur remaining exploration expenditures on the property as follows:

• Incur $350,000 in exploration expenditures and pay $35,000 (up to $20,000 of which may be paid in common shares of the company) by Jan. 23, 2024;
• Pay $25,000 by June 20, 2024;
• Incur $966,186 in exploration expenditures and pay $105,000 (up to $20,000 of which be paid in shares) by Dec. 31, 2024.

If the forgoing payments are made and exploration expenditures are incurred, the company will have paid an aggregate of $400,000 (up to $150,000 of which was paid shares) and incurred $2.5-million in exploration expenditures under the option agreement to earn a 60-per-cent interest in the property.

The 4,551-hectare Indata copper-gold-molybdenum porphyry and precious metal property is located 120 kilometres north of Fort St. James, B.C. Eleven drill holes totalling 2,140 metres were completed in 2022. Results include IN22-82 with 174 metres grading 0.23 per cent copper starting at 2.9 metres, including 29 metres grading 0.47 per cent copper starting at 2.9 metres. It constitutes the northern boundary of the Lake zone, which remains open beyond this point. A new zone of molybdenum mineralization was unexpectedly discovered in 2022 five kilometres to the south of the Lake zone in what is now called Area 74, where hole IN22-74 intersected 30.8 metres grading 0.10 per cent molybdenum (0.16 per cent molybdenum disulphide equivalent) starting at 113.7 metres and continuing to the bottom of the hole, including 7.5 metres grading 0.32 per cent molybdenum (0.51 per cent molybdenum disulphide equivalent). Results from historical drilling at Indata include DDH88-11 with 4.0 metres grading 47.26 grams per tonne gold. In 2019, new precious metal mineralization was exposed by logging activities in the southern region of the claims, with samples returning up to 3.64 per cent copper and 5.95 grams per tonne gold, and, in 2023, mineralization grading 8.26 grams per tonne gold and 106.0 grams per tonne silver was exposed during road construction three kilometres to the north. The Kwanika and Stardust deposits, owned by Northwest Copper Corp., are located immediately north of Indata and share a similar geological setting. Indata is fully permitted.

This news release has been reviewed and approved by J.W. Morton, PGeo, chief executive officer of Eastfield Resources, who is a qualified person within the context of National Instrument 43-101 and takes responsibility for its technical content.

About Eastfield Resources -- other projects

Zymo: The 100-per-cent-owned Zymo copper-gold property is located 45 kilometres west of Smithers, B.C., encompassing 12,729 hectares. It was acquired through a 2007 option, which was fully satisfied in 2012. Topography is generally flat to undulating covered with a variable depth of overburden (generally not deep). Logging roads and clear cuts now extend to the northeast side of the property. Of major significance is an eight-kilometre-long-by-three-kilometre-wide strong induced polarization anomaly defining a copper-gold porphyry system containing several one-kilometre-or-more-scale targets with extensive areas having chargeability responses greater than 20 millivolts per volt. Mineralization occurs in porphyritic diorites and adjacent sediments in zones of strong potassic alteration. Two of the more notable zones discovered to date are named the Hobbes and FM zones (five zones in total now discovered). Mineralization is surrounded by extensive areas of phyllic alteration, which in turn is surrounded with much larger areas of chlorite and iron carbonate alteration, suggesting unknown additional zones are probable both latterly and at depth. Results to date include drill holes ZY08-09 with 0.72 per cent copper and 0.66 gram per tonne gold over 72 metres, ZY08-10 with 0.31 per cent copper and 0.21 gram per tonne gold over 159 metres, and hole ZY11-20 with 0.28 per cent copper and 0.34 gram per tonne gold over 126 metres. Peripheral precious metal veins have returned up to 10.78 grams per tonne gold with several per cent lead and zinc. Eastfield and former partners or operators have so far expended approximately $5-million exploring this fully permitted project.

Iron Lake: Iron Lake is an 8,035-hectare copper-gold-palladium-platinum-cobalt project located 40 kilometres northeast of 100 Mile House, B.C. The project is a joint venture with Tech-X Resources Inc. (a private company headed by Haig Farris). Targets include ultramafic copper/gold/palladium/platinum/cobalt and porphyry copper/gold. The ultramafic intrusion is host to disseminated and massive sulphide styles of mineralization. An average of eight samples of disseminated mineralized olivine pyroxenite rubble from one area is 0.71 per cent copper, 0.7 gram per tonne gold, 0.20 gram per tonne palladium, 0.13 gram per tonne platinum and 416 parts per million nickel. A number of attributes of the Iron Lake complex are comparable with the Turnagain ultramafic complex in Northern British Columbia and also with the Lac Des Isles complex and deposit in Ontario. Other occurrences sharing geological attributes (particularly the olivine pyroxenite host) include the Norilsk deposits in Russia and Boliden's Kevitsa deposit in Finland. Elevations at the project are low and topography is subdued, allowing for year-round activity. In late 2023, Tech-X, having drilled 25 diamond drill holes and expending $4-million since 2021, earned a 51-per-cent interest in the project, resulting in the current 51-per-cent/49-per-cent joint venture between Tech-X and Eastfield. Iron Lake is fully permitted.

Hedgehog: Hedgehog is a copper-gold (volcanogenic massive sulphide) and lode gold located approximately 12 kilometres north of the community of Barkerville, B.C. In 2021, 60-per-cent option partner West Oak Gold Corp. discovered several new soil anomalies (arsenic, zinc and copper). Further soil sampling completed in 2022 defined a previously unknown arsenic-copper soil anomaly with sporadic soil gold values to 748 parts per billion. Of significance to Hedgehog are several historic float samples, including a massive sulphide boulder grading 24.3 per cent copper and 19.6 grams per tonne silver discovered in 1999 and five additional copper-rich massive sulphide boulders with an average grade of 8.0 per cent copper and 8.9 grams per tonne silver discovered by Hudson Bay Mining and Smelting in 2000. In 2013, Eastfield discovered mineralization in the current area of interest, where quartz veins hosted in rhyolite returned grab samples to 1.51 grams per tonne gold and 1.37 per cent zinc. Other companies active in the area include Osisko Development Ltd., which is conducting a major exploration program for gold in and around the Barkerville gold mine 10 kilometres to the south. Extensive clear-cut logging is currently in progress on the claims, which will offer further opportunities for discovery. Hedgehog is fully permitted.