Solar Alliance Extends Financing

Vancouver, Canada, and San Diego, USA (FSCwire) - Solar Alliance Energy, Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SAN, OTCQB: SAENF) announces it is proceeding with a third tranche of a non-brokered private placement financing previously announced on March 15, 2016, for a total of $1,200,000. The terms of the placement remain $0.07 per unit, with each Unit consisting of one common share and one common share purchase warrant (“Units”). Each share purchase warrant is exercisable into one common share of the Company with an exercise price of $0.10 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 $1,200,000.

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

Jason Bak

Chairman and CEO

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is a sales and marketing firm focused on residential, commercial and industrial solar installations. Since we were founded in 2003, we have developed wind and solar projects that provide enough electricity to power 150,000 homes. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Our passion is improving life through ingenuity, simplicity and freedom of choice. We make solar simple and our goal is to install solar on every available rooftop in America.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

“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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