Alpha Gold raised over $1.1 million from exercised warrants

    COQUITLAM, BC, Aug. 13 /CNW/ - Alpha Gold Corp. (TSX-V: ALQ) today
announced that the in recent weeks outstanding warrants have been exercised to
raise $1,154,333.70 in new funds for the Company's treasury.
    George Whatley, President and CEO, commented "We value and appreciate the
support from our shareholders demonstrated through the exercise of the
warrants. This year's exploration program is the most aggressive in our
Company's history. Currently underway, it was fully financed from our
$4.1 million private placement that closed in June. This additional capital
provides us the luxury of flexibility and time to best respond to what we may
    The Company's financial statements and management's discussion and
analysis for the first quarter of fiscal 2008 ended May 31, 2007, have been
filed and are available for view on

    About Alpha Gold Corporation

    Alpha Gold is a mineral exploration company whose 100%-owned Lustdust
Property is advantageously situated with nearby road and rail access in
central British Columbia. Lustdust consists of 17 contiguous mineral claims
covering 8,560 hectares and contains ten(10) known mineralized zones,
including: the gold-copper-silver Canyon Creek Skarn(1) and Skarn
Extension(2); Porphyry Molybdenum(3) zone; the Number 3(4), 4B(5), East(6) and
GD(7) zones of base and precious metal rich sulphide manto; the Bralorne Takla
Mercury Mine(8); the exploratory tunnels of the Takla Silver Mine(9)
(BCMINFILE 093N009), a developed prospect that contains high grade gold-silver
veins; and Carlin-style mineralization in the Valley(10) zone. Shares of Alpha
Gold Corporation are listed on the TSX Venture Exchange under the symbol

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    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:,; or Cathy Hume,
CEO, CHF Investor Relations, T: (416) 868-1079 x231, E:

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ALQ Gold Corp.

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