ITEM 1.02 Termination of a Material Definitive Agreement

On July 5, 2022 Alpha Energy, Inc. (the "Company") terminated its Purchase and Sale Agreement ("PSA") previously entered on May 26, 2022 with various sellers to acquire certain assets located in the Cherokee Uplift in Seminole County, Oklahoma, known as the Mercury Project. Under the terms of the PSA the Company had the right to terminate the PSA without penalty through July 5, 2022.

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