Alpha Minerals Reports 34m of 4.92% U3O8, Including 12.5m at 12.38% U3O8 in Drill Hole PLS13-038, Patterson Lake South JV

Sun Mar 24, 2013 11:00pm EDT

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Alpha Minerals Inc.

March 24, 2013 - 11:00:00 PM

Alpha Minerals Reports 34m of 4.92% U3O8, Including 12.5m at 12.38% U3O8 in
Drill Hole PLS13-038, Patterson Lake South JV

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2013) - Alpha Minerals
Inc. ("Alpha" or "the Company") (TSX VENTURE:AMW) (FRANKFURT:E2GA), and its
Joint Venture partner Fission Energy Corp. are pleased to report initial assay
results from the ongoing winter drill program on its Patterson Lake South
("PLS") Property. These assay results are from drill hole PLS13-038, the first
hole drilled on the R390E zone.

PLS13-038 is part of the R390E zone located 385m drill grid east of the
Patterson Lake discovery hole PLS12-022 at the R000E zone (see news release
February 9, 2013). Composited drill hole mineralized intersections for
PLS13-038 returned two broad zones of uranium mineralization:



UPPER URANIUM ZONE = 34m (87.0m - 121.0m):                                  

--  34.0m @ 4.92% U3O8; Grade times Thickness Product = 167.3 
--  Includes 12.5m @ 12.38% U3O8 
--  Including 0.5m @ 35.10% U3O8

LOWER URANIUM ZONE = 17.5m (126.5m - 144.0m):                               

--  17.5m @ 0.96% U3O8; Grade times Thickness Product = 16.8 
--  Includes 5.5m @ 2.07% U3O8



All intersections reported here are core length measurements and not true
width measurements - actual true widths may be smaller than core lengths.

Composited U3O8 mineralized intervals are summarized in Table 1 below Samples
from the drill core are split in half on site. Most samples are standardized
at 0.5m down-hole intervals. One-half of the split sample is sent to the
laboratory for analysis and the other half remains on site for reference. The
results show that the uranium is concentrated primarily two zones beginning at
relatively shallow depth in basement graphitic metapelitic lithology and with
continuous substantial widths. Uranium concentration is relatively consistent
throughout the mineralized sections. In addition, there are several narrower
intervals of low grade uranium mineralization between 165.0m - 181.0m. Not all
assay results have been received for PLS13-038- samples yet to be received are
from non-radioactive intervals. 

Table 1: Composited Mineralized Intervals (Down-hole measurements)



---------------------------------------------------------------------
                                                   Interval     U3O8 
Zone   Hole ID    Grid Line    From (m)    To (m)        (m)    (wt%)
---------------------------------------------------------------------
---------------------------------------------------------------------
R390E  PLS13-038  385E           73.50     74.50       1.00     0.08 
                                 87.00    121.00      34.00     4.92 
                                 94.50    107.00      12.50    12.38 
                                106.00    106.50       0.50    35.10 
                                126.50    144.00      17.50     0.96 
                                133.00    138.50       5.50     2.07 
                                165.00    168.00       3.00     0.09 
                                170.50    171.00       0.50     0.15 
                                174.00    181.00       7.00     0.15 
---------------------------------------------------------------------
Composite Parameters                                                 
1. Minimum Thickness: 0.50m                                          
2. Grade Cut-Off: 0.05 U3O8 (wt%)                                    
3. Maximum Internal Dilution: 2.00m                                  



Hole PLS13-038 is vertical, and completed to a depth of 221.6m. It is located
385m grid east of discovery hole PLS12-022 at R00E Zone (8.5m @ 1.07% U3O8;
see news release December 5, 2012). Drill hole geology is as reported
previously (February 19, 2013) Base of till is at 48.8m depth. There is a thin
(1.9m wide) cap of probable Devonian Sandstone was encountered which overlies
the semi-pelite gneiss hanging wall that constrains an intercalated package of
pelite graphitic pelite gneiss. Occasional pegmatite injections were observed
throughout the pelite, graphitic pelite, and semi-pelite units. In general,
the strong mineralization is associated with flecks, blebs, clots, and veins
of pitchblende. Of note, wormrock- style uranium mineralization was observed
for the first time. Moderate to strong clay, chlorite, and hematite alteration
were observed throughout the mineralization.

Split core samples were submitted to SRC Geoanalytical Laboratories (an SCC
ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for assay analysis,
which includes a 63 element ICP-OES, uranium by fluorimetry (partial
digestion), and boron. Samples within mineralized intervals and any samples
which return greater than 500ppm U, are assayed for weight % U3O8, (sic -
Fission Energy Corp) as well as fire assayed for gold. Further assay results
of some of the earlier drill holes have also been received and will be
released as compilation is completed.

Patterson Lake South Property 

The 31,000 hectare (76,000 acres) PLS project is a 50%/50% Joint Venture held
by Alpha Minerals Inc (AMW) and Fission Energy (FIS). The Joint Venture
property is 100% owned with no underlying royalties or vendor payments.
Fission is the Operator until April 1st 2014. The property is accessible by
road with primary access from all-weather Highway 955, which runs north to the
former Cluff Lake mine, (greater than 60M lbs of U3O8 produced), and passes
through the nearby UEX-Areva Shea Creek discoveries located 50km to the north,
currently under active exploration and development. Staking activity in the
area surrounding the JV has accelerated with almost twice the area occupied by
the JV now covered with new tie on claims. Updated maps highlighting the
current drilling programs for PLS can be found on the Company's website at
www.alphaminerals.ca. 

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-
101 and reviewed on behalf of Alpha Minerals Inc, by Garrett Ainsworth,
P.Geo., Vice President Exploration, a qualified person.

On behalf of the Board of Directors of Alpha Minerals Inc. 

"Ben Ainsworth", President, CEO and Director

Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for
further and updated information. 

This press release contains "forward-looking information" that is based on
Alpha's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Alpha's development plans. The words "will", "anticipated", "plans"
or other similar words and phrases are intended to identify forward-looking
information.

Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause Alpha's actual results, level
of activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Such factors
include, but are not limited to: uncertainties related exploration and
development; the ability to raise sufficient capital to fund exploration and
development; changes in economic conditions or financial markets; increases in
input costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered in
connection with exploration activities; and labour relations matters. This
list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and
readers should not place undue reliance on such forward-looking information.
Alpha disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Alpha Minerals Inc. - Vancouver, BC
Robert (Bob) Meister
(604) 629-0293 or Toll Free: 1-866-629-0293
info@alphaminerals.ca
www.alphaminerals.ca)




        

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