Alpha One Corporation

January 17, 2011 10:02 ET

Alpha One Corporation Announces Reverse Take-Over

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2011) - Alpha One Corporation ("Alpha One") (TSX VENTURE:AOC.H) announces the grant of 240,000 stock options to directors and officers at an exercise price of $0.15 per share for a period of five years.

On November 26, 2010 Alpha One announced that it entered into a letter of intent with Solvista Gold Corporation ("Solvista"), an arm's length Ontario based gold exploration company with two properties in Colombia, South America, pursuant to which Alpha One and Solvista will complete a business combination to further develop the properties of Solvista subject to shareholder and regulatory approval. This transaction is progressing and further announcements will be made.

Forward-Looking Statements

This News Release includes certain "forward-looking statements". These statements are based on information currently available to Alpha One and Alpha One provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe Alpha One's future plans, objectives or goals, including words to the effect that Alpha One or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of Alpha One's mineral properties, and Alpha One's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of Alpha One; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of Alpha One's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Alpha One's forward-looking statements. Alpha One does not undertake to update any forward-looking statement that may be made from time to time by Alpha One or on its behalf, except in accordance with applicable securities laws.

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