Mr. Jason Bak reports

SOLAR ALLIANCE EXTENDS FINANCING

Solar Alliance Energy Inc. is proceeding with a third tranche of a non-brokered private placement financing previously announced on March 15, 2016, for a total of $1.2-million. The terms of the placement remain at seven cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each share purchase warrant is exercisable into one common share of the company with an exercise price of 10 cents per share purchase warrant for a two-year exercise period.

The company has closed two previous tranches of the private placement. A first tranche of $579,583 closed on May 17, 2016, and a second tranche of $127,000 closed on July 18, 2016, for a total of $706,583 of the announced $1.2-million.

The closing of any additional tranches is subject to receipt of regulatory approvals, including acceptance by the TSX Venture Exchange.

About Solar Alliance Energy

Solar Alliance is a sales and marketing firm focused on residential, commercial and industrial solar installations. Since it was founded in 2003, the company has developed wind and solar projects that provide enough electricity to power 150,000 homes.

We seek Safe Harbor.