The TSX Venture Exchange has accepted for filing documentation in connection with an option agreement between Alliance Mining Corp. and Tiberius Gold Corp., a private company, under which Alliance may acquire 100 per cent of Tiberius's property located in the centre of the Bissett gold mine camp in Manitoba. Under the agreement, Alliance may earn in a 100-per-cent interest in the property by making certain staged cash payments and/or share payments of common shares in the capital of Alliance to Tiberius over a four-year period equal to a total of $1.25-million as follows: (i) $250,000 in cash and/or common shares on or before 90 days of the TSX Venture Exchange's approval of the transaction; (ii) $250,000 in cash and/or common shares on or before the first anniversary of the approval date; (iii) $250,000 in cash and/or common shares on or before the second anniversary of the approval date; $250,000 in cash and/or common shares on or before the third anniversary of the approval date; and $250,000 in cash and/or common shares on or before the fourth anniversary of the approval date.

Insider/pro group participation:  nil

Alliance will pay a finder's fee in the amount of 500,000 common shares to Gene Leong.

For further information, see Alliance's news release dated Jan. 27, 2017, which is available under Alliance's profile on SEDAR.