High Grade Uranium At Patterson Lake South Property

VANCOUVER, BC - Alpha Minerals Inc. and its Joint Venture partner Fission Energy Corp. reported further assay results from twelve diamond drill holes in the R00E zone on its Patterson Lake South (PLS) Property. Select highlights from drill holes on grid Line 025W include: Hole PLS13-037 (Line 025W) intersected several multiple intervals of mineralization totaling 23m including: 7.5m grading 2.25% U3O8 (71.0m-78.5m); 2.0m grading 6.31% U3O8 (105.0m - 107.0m); 2.0m grading 12.4% U3O8 (120.0m - 122.0m); Hole PLS13-027 (Line 025W) intersected: 37.5m (61.0m-98.5m) grading 1.17% U3O8, including: 13.0m of 1.97% U3O8 (78.0m - 91.0m)

 Hole PLS13-029 (Line 025W) intersected: 30.0m (63.0m-93.0m) grading 0.76% U3O8, including: 3.5m grading 3.57% U3O8 and a further 3.5m grading 2.08% U3O8.

Uranium mineralization on L090E is located some 115 m to the east of the aforementioned holes on Line 25 W, and underscores the strike-length potential of the R00E zone. Radioactivity and uranium mineralization reported from Zones R390E and R780E, located 390 m and 780 m east respectively of R00E Zone underscore the strike extent the overall Patterson Lake uranium hydrothermal system.

The 2013 winter drill program is complete, with radon surveying ongoing for as long as ice conditions permit. A total of 10,182.6m of diamond drilling was completed in 46 drill holes. Radioactivity data from all drill holes will be released as soon as data compilation and integration is complete. Additional drilling is required to continue to delineate the mineralized area.

Seven of the holes reported herein are located on the central area of the R00E zone, from Lines 025W (holes PLS13-026, 027, 029, 031, 033 and 037) and 010W (PLS13-035). All seven holes intersected uranium assays >0.05% U3O8 over widths >0.5m. Assay results confirm the presence of a relatively flat lying zone of continuous uranium mineralization at near-surface depth. Hole PLS13-037, the furthest-most hole to the south on Line 025W, intersected multiple zones of uranium, including 3 discrete intervals between 60m and 87.5m depth that appear to be correlated with the flat lying mineralization of the other holes on the same section line. In addition there are multiple zones of uranium mineralization between 105.0m - 180.5m depth which may be indicative of mineralization associated with a steeply dipping fault system.

Five of the holes are located farther to the east on Line 090E (PLS13-028, 030 and 033) and Line 105E (PLS13-034 and 036). Two of these holes are weakly mineralized (PLS13-028 and 032), underscoring the potential for a significant eastward extension to the R00E zone, or alternatively, a separate uranium zone.

Samples from the drill core are split in half on site. Most samples are standardized at half metre core intervals. One-half of the split sample is sent to the laboratory for analysis and the other half remains on site for reference.

Split core samples were submitted to SRC Geoanalytical Laboratories 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 >500ppm U, are assayed for weight % U3O8, as well as fire assayed for gold. Further assay results will be released when received.