Alpha Gold Responds to Market Regulators



    COQUITLAM, BC, Jan. 22 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) earlier
today issued a news release, that recapped for investors the high grade
gold-copper results on its Canyon Creek Skarn and Skarn Extension on the
Lustdust property, for which the following retraction has been directed by
regulators. The Company hereby retracts the disclosure of both the average
grades and weighted average grades calculated by Qualified Person Daryl
Hanson, PEng, for the table of drill hole results in its news release of
January 22nd as the disclosure was premature. The resource estimate has not
yet been completed.
    The Company did repeat in the January 22nd news release made earlier
today, that which was first announced late in 2007, that a NI 43-101 compliant
technical report and resource estimate of the property is expected to be
completed early in 2008.

    Shares of Alpha Gold Corporation are listed on the TSX Venture Exchange
under the symbol "ALQ".

    Should you wish to receive Company news via email, please contact
valerie@chfir.com and specify "Alpha Gold News" in the subject line.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.

    Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. The Company does not assume the
obligation to update any forward-looking statement.

    %SEDAR: 00005818E




For further information:

For further information: George Whatley, President, Alpha Gold Corp., T:
(604) 939-7943, E: alpha-gold@shaw.ca, www.alphagold.bc.ca -or- Cathy Hume,
CEO, CHF Investor Relations, T: (416) 868-1079 x231, E: cathy@chfir.com,
www.chfir.com

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