Alpha Gold Corp. reported that diamond drilling on its 100%-owned Lustdust Property in central British Columbia has been completed, totalling 6,365 metres in 17 holes. Core logging and clean up at the site finished on October 31st. Drillholes LD-2009-01 to LD-2009-03 were re-drills of historical holes that had no existing downhole survey data. These holes were re-drilled to establish the actual movement of the drillhole to depth in order to better understand where the main deposit is situated and to better establish 'typical' movement of drillholes in the areas that still do not have downhole survey data. Drillholes from 1997, 1999 and 2000 were re-drilled with downhole survey data. Drillholes LD-2009-04 to LD-2009-08 established further geological and mineralogical control through infill drilling within the CCS Zone. Drillholes LD-2009-09 and LD-2009-12 are step-out holes aimed to prove up the extension of mineralization to depth. Drillholes LD-2009-10 and LD-2009-11 are infill holes to the southern most portion of the CCS Zone where both drillholes test for the possible continuation of the CCS Zone into the 4B Zone (mantos zone). Drillholes LD-2009-13 and LD-2009-14 test the northern extension of the CCS Zone and infill an area of geological and mineralogical interest. Drillhole LD-2009-15 tests the skarn immediately north of the Canyon Creek while infilling an area of great interest. Drillhole LD-2009-16 and LD-2000-17 test the skarn and associated mineralization to depth.

Alpha Gold Corp. reported earnings results for the second quarter and six months ended August 31, 2009. For the quarter, the company reported net loss before income taxes of CAD 163,108 and net loss and comprehensive loss of CAD 83,862 or CAD 0.00 per basic and diluted share compared to net loss before income taxes of CAD 60,040 and net loss and comprehensive loss of CAD 390,476 or CAD 0.01 per basic and diluted share for the same period a year ago. For the period, the company reported net cash used in operating activities of CAD 105,392 compared to net cash used in operating activities of CAD 25,556 for the same period a year ago. For the nine months, the company reported net loss before income taxes of CAD 252,490 and net loss and comprehensive loss of CAD 150,004 compared to net loss before income taxes of CAD 114,780 and net loss and comprehensive loss of CAD 84,315 for the same period a year ago. For the period, the company reported net cash used in operating activities of CAD 109,017 compared to net cash used in operating activities of CAD 139,797 for the same period a year ago.

Alpha Gold Corp. reported unaudited earnings results for the first quarter ended May 31, 2009. For the quarter, the company reported net loss and comprehensive loss of CAD 66,142 and net loss before income taxes of CAD 89,382 compared to net income and comprehensive income of CAD 306,162 and net loss before income taxes of CAD 54,739 for the same period a year ago. Cash used in operating activities was CAD 3,625 and purchase of equipment of CAD 65,945 compared to cash provided by operating activities was CAD 165,354 for the same period a year ago.