Investor Presentaiton

Next Steps in Exploration ALPHA EXPLORATION ANAGULU: • Drill test (6,000m of RC and Diamond drilling) the coincident chargeability-resistivity-gravity anomalies beneath current drill strikes. • Extend the 20m x 20m soil analysis (portable XRF) survey and then review all geological, geochemical and geophysical data. • Extend the IP-Resistivity survey to the south and southeast • Carry out preliminary metallurgical test-work & environmental baseline studies if the drill programmes return positive results. KOSOLDA: • Carry out 20m x 20m soil analysis (portable XRF) survey and then review all geological, geochemical and geophysical data. • Develop a LeapFrog 3D model of all geological, geophysical and geochemical datasets over Kosolda West, Main and East. • Drill test with RC and/or Diamond drilling the Au anomalous areas from soil and rock chip sampling at Kosolda West Prospect. ASHESHI: • Carry out an IP/Resistivity survey over the Asheshi Colonial Mine and Albibi Shear Areas. • Develop a LeapFrog 3D model of all geological, geophysical & geochemical datasets over the Asheshi Colonial Mine and Albibi Shear. • Drill test with RC and/or Diamond drilling any new zones of potential mineralisation generated from the 3D modelling. REGIONAL EXPLORATION: • Follow up on new Target Areas identified from Dr Michael Gazley's evaluation of regional soil datasets. EXPANSION WITHIN THE ARABIAN-NUBIAN SHIELD: • Acquire a second License in Eritrea. • Consider ground acquisition in Sudan and Ethiopia. The total spent by Alpha to end of July 2020 is ~US$4MM. To support exploration for the remainder of 2020 and through 2021, Alpha is planning to raise: • US$3MM for exploration at Kerkasha, including a resource definition programme at Anagulu. • US$1MM for the acquisition and year 1 exploration of a second license in Eritrea and evaluation for another license in an Arabian- Nubian Shield country. 27 27

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