Alliance Mining has entered into an Exclusivity Agreement in order to pursue a Proposed Acquisition of Tiberius Gold Corp.

Vancouver, British Columbia (FSCwire) - Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the “Company”) is pleased to announce that it has entered into an exclusivity agreement (the “TiberiusExclusivity Agreement”) with Tiberius Gold Corp. (“Tiberius”), a privately held mineral exploration company located in Winnipeg, Manitoba, whereby Alliance is granted the exclusive right, for 45 days, to conduct due diligence on certain of Tiberius’ mineral claims located in Manitoba (the “Property”), with a view to negotiating the terms of a letter of intent with Tiberius and, if applicable, a definitive agreement in order to complete the acquisition of the Property (the “ProposedProperty Acquisition”).

Further details regarding the Proposed Property Acquisition will be provided in a news release, if and when the parties enter into a letter of intent and/or a definitive agreement.

The Proposed Property Acquisition is subject to, among other things, the completion of due diligence, completion of a National Instrument 43-101 technical report on the Property, the execution of a mutually satisfactory definitive agreement and obtaining all necessary regulatory approvals, including the TSX Venture Exchange, if applicable.

Alliance is very excited to be working in the province of Manitoba where it ranks as one of the top locations worldwide for investment attractiveness. 

ON BEHALF OF THE BOARD

Al Beaton, Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Alliance Mining Corp. (604) 488-3900

This news release may contain forward-looking statements including but not limited to the Proposed Property Acquisition, completion of a National Instrument 43-101 technical report, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and the execution of the definitive agreement. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “will”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations.  Actual results may differ materially from those currently anticipated in such statements and the Company undertakes no obligation to update such statements, except as required by law. The reader is cautioned not to place undue reliance on any forward-looking information. There can be no assurance that either of the proposed transactions with Tiberius will be completed or, if completed, will be successful.

Completion of the Proposed Property Acquisition is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance, if applicable. There can be no assurance that the Proposed Property Acquisition will be completed as proposed or at all. 

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company’s current exploration programs and objectives can be achieved; results of exploration activities; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource exploration and development is a speculative business; that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits; equipment breakdowns; labour disputes; the increase in cost estimates and the potential for unexpected costs and expenses; the results of exploration activities; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; potential defects in title to the Company’s properties; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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