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Alpha Minerals Inc Report a New Uranium Strike on Land

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Core Tip: Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA), (the "Company" or "Alpha"), and its 50% Joint Venture partner Fission Uranium Corp are pleased to report a new uranium strike on land, compl

Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA), (the "Company" or "Alpha"), and its 50% Joint Venture partner Fission Uranium Corp are pleased to report a new uranium strike on land, completed almost a year after the day of the announcement of date of the first land based discovery at Patterson Lake South in 2012. This drill hole follows two earlier holes completed on line 600W at the PLS property in the Athabasca Basin, Saskatchewan. Of note is hole PLS13-118, which intersected 20.0m total composite mineralization 525m grid west of the initial discovery zone R00E. This discovery hole is considered a substantial achievement and a high priority for follow up. Additional drilling, part of the ongoing $9.2M, 49 hole, 14,700m drilling and ground geophysics survey program will therefore focus on this new zone.

Drill holes PLS13-116 and PLS13-118 were drilled on line 600W targeting a subtle radon in soil gas anomaly identified north of the PL-3B EM Conductor between lines 540W to 630W that may be associated with inferred north-south cross cutting structures (see news release Oct 7, 2013). The radon in soil gas survey was conducted by RadonEx Exploration Management of Montreal.

Line 600W:

The discovery hole on line 600W was the result of follow-up by drilling of a radon in soil gas anomaly identified during the summer program. The radon anomaly is located between lines 540W and 630W and may be associated with inferred north-south cross cutting structures interpreted from the DC resistivity survey. This anomaly lies along an ENE trend, parallel and just north of the PL-3B EM conductor.

Hole PLS13-116 (line 600W) was collared as an angled hole at an azimuth of 336 degrees and a dip of -74 degrees, and was completed to a depth of 323.0m. A narrow interval of weakly anomalous radioactivity was intersected from 143.0m to 144.0m within chlorite altered semipelitic gneiss. Basement bedrock was encountered at a down hole depth of 106.4m, or 102.3m vertically below the surface. The basement lithology is comprised predominantly of semipelitic gneiss with alternating narrow sequences of pelitic gneiss. Interpretation suggested that the stratigraphic sequence encountered was north of the desired graphitic and pyritic pelitic corridor, which is associated with high-grade mineralization further to the ENE.

The Company corrects an error from its news release reported on October 29, 2013 changing the high-grade intersection for drill hole PLS13-079 from 5.5m (91.5m - 97.0m) to 5.0m (92.0m - 97.0m). The grade remains the same at 19.51% U3O8 for this intersection.

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.

All holes are planned to be radiometrically surveyed using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones. The Triple Gamma probe is preferred in zones of high grade mineralization.

 
 
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