Mr. John Wilton reports

ALPHA CHAIRMAN MIKE HOPLEY RETIRES AND STEPHEN GATLEY JOINS ALPHA BOARD OF DIRECTORS

Alpha Exploration Ltd. has made changes to its board of directors. Firstly, Michael Hopley has retired from his position as chairman of the company's board of directors, effective July 6, 2026. Stephen Gatley, a mining engineer, joins the Alpha board as a seasoned mining executive with previous experience in Eritrea through Lundin Mining's investment in Sunridge Gold's development of the Asmara project. Also, Anna Nydegger, managing director of NWT Group, Geneva steps down from the board.

Mr. Hopley has played an important leadership role in the progress of Alpha Exploration, including his service as president and chief executive officer and, subsequently, as chairman of the board. The board sincerely thanks Mr. Hopley for his dedicated service, leadership and contribution to the company's growth and advancement.

"It has been a privilege to work with Alpha's directors, management team, technical staff, shareholders and partners," said Mr. Hopley. "I am proud of what the company has accomplished to become one of the principal companies exploring the highly prospective terrain of the Arabian-Nubian Shield. I am confident in its ability to continue advancing its outstanding potential gold and base metal prospects on its 100-per-cent-owned Kerkasha property in Eritrea. I leave at a time when Alpha is well financed and is under the strong new leadership of John Wilton Alpha CEO; I wish the company every success in its next stages of its exploration and development strategy."

"On behalf of the board, we extend our genuine appreciation to Michael for his commitment and leadership," said John Wilton, chief executive officer of Alpha Exploration. "His experience, judgment and long-standing dedication to responsible mineral exploration have been valuable to Alpha, and we wish him the very best in retirement.

"We also welcome Stephen Gatley to the Alpha team. His extensive mining engineering experience and previous involvement with mineral development projects in Eritrea are an excellent fit with our board as the company advances and grows the exploration of its gold and copper discoveries."

In addition, Anna Nydegger, managing director of NWT Group, Geneva, will step down from the Alpha board of directors as of July 6, 2026. The board would like to thank Ms. Nydegger for all her commitment, assistance and support over the past years.

The company is also very pleased to announce that Mr. Gatley has agreed to join Alpha as a non-executive director effective July 6, 2026. Mr. Gatley is a mining engineer, and graduate of the Royal School of Mines, London. He has over 40 years of experience in the minerals industry including working in the Cornish tin industry at both Wheal Jane and South Crofty mines. He has extensive experience of managing both underground and open pit mines during years with Rio Tinto PLC, in senior positions at base metal mines in Europe and South America, prior to joining Lundin Mining Corp. where he served as vice-president, technical services, from 2012 to 2021.

Importantly, Mr Gatley represented Lundin Mining in its investment in Sunridge Gold and later served as a director of Sunridge that owned the Asmara project in Eritrea from 2009 to 2016. During that time Mr. Gatley visited the project several times and provided valuable guidance. The Asmara project was purchased from Sunridge by the large Chinese company Sichuan Road and Bridge in 2016. Mr. Gatley is based in the United Kingdom and is currently a non-executive director of Cornish Metals PLC and AbraSilver Resource Corp.

The company also announces that, in connection with the non-brokered private placement for units of the company announced on April 20, 2026, and closing of tranches of the private placement announced on April 30, 2026, and June 4, 2026, pursuant to which the company issued an aggregate of 12,534,699 units of the company for aggregate gross proceeds of $7,520,820.00, no further tranches of the private placement are expected to be completed by the company. Additional details regarding the private placement are included in the company's press releases dated April 20, 2026, April 30, 2026, and June 4, 2026.

About Alpha Exploration Ltd.

Alpha is an exploration company that is rapidly advancing a number of important gold and base metal discoveries it has made across the 100-per-cent-owned, 514-square-kilometre Kerkasha project in Eritrea.

The Aburna gold prospect is an exciting new gold discovery where recent drilling has confirmed a high-grade mineralized system, with grades including 18 metres at 15.33 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 Cu 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 drilled over two km along trend, and with an overall and expanding exploration target footprint of about four by two km.

The company is managed by a group of highly experienced and successful mining and exploration professionals with long records of establishing, building and returning value to stakeholders from a number of world-class gold and base metal discoveries in Eritrea and across the wider Arabian Nubian Shield.

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