Alpha Minerals Inc.

Alpha Minerals Inc.

July 16, 2013 18:12 ET

Alpha Minerals Reports Summer Drilling Has Commenced at Patterson Lake South, Athabasca Basin

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2013) - Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) ("Alpha" or "the Company") is pleased to announce that drilling is underway at the Patterson Lake South ("PLS") property, a 50% Joint Venture with Fission Uranium Corp, located in the southwest part of Saskatchewan's Athabasca Basin. Field preparations began in early July (see Alpha news release July 2, 2013) on the planned $6.95 million summer drill program.

Key Information For The Summer 2013 Program:

  • It is anticipated that approximately 11,000 m of drilling (44-hole program) will be accomplished using two diamond-core drill rigs and a RC rig and three barges.
  • The priority will be to test for continued expansive delineation of the three high grade uranium mineralized zones discovered in the 2013 winter program.
    • Approximately 40 holes testing for the delineation of the 3 high-grade uranium zones (R00E, R390E and R780E)
    • 4 holes are proposed for testing other targets along trend both NE and SW of known zones, including recently identified radon anomalies

For additional comments about the Summer 2013 Program, please watch a video:

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 Uranium (FCU). The Joint Venture property is 100% owned with no underlying royalties or vendor payments. Alpha returns as the Operator of the Joint Venture in 2014. The property is accessible by road with primary access from all-weather Highway 955, which runs 74km north to the former Cluff Lake mine, (>60M lbs of U3O8 produced from multiple open pit and underground mines), and passes through the claims covering the UEX-Areva Shea Creek discoveries located 58km to the north, currently under active exploration and development.

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 ( for the video and further updated information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

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