Alliance Mining Addresses Its Holdings at the Bissett Gold Mine Camp, Manitoba
Alliance Mining Addresses Its Holdings at the
Bissett Gold Mine Camp, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) -
Alliance Mining Corp.
(TSXV: ALM)
("
Alliance
" or the "
Company
") reports that Tiberius Gold Corp. ("
Tiberius
"), a private company,
remains in breach of its obligations to the Company under a January 27, 2017 mineral property option
agreement (the "
Option Agreement
"). The Option Agreement property comprises of 14 mineral claims
located in the Bissett gold camp in Manitoba (the "
Property
"). Despite Alliance having completed all the
option payments to acquire 100 percent of the Property, Tiberius has persisted in its refusal to transfer
the mineral claims to Alliance.
Bissett - Red Rice Lake Gold Project, Manitoba
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"Alliance Mining has honored its commitments in full. The mineral claims in question have been fully
paid for, and the continued refusal to transfer title is unacceptable. Delay tactics will no longer be
tolerated. We are now moving forward to secure the rightful transfer of these assets into our
Company's name through all necessary legal channels,"
states Anderson, CEO.
As the Company reported in its press release of August 29, 2022, it has filed a Notice of Civil Claim in
the Supreme Court of British Columbia (the "
Claim
") against Tiberius to enforce the Company's rights
under the Option Agreement. The Claim seeks relief against Tiberius, principally including an order for
specific performance of the Option Agreement directing that Tiberius immediately register a transfer
100% right, title and interest in and to the Property to the Company. In its response, Tiberius has denied
all elements of the Company's Claim. The Company's allegations have not yet been proven in court.
Despite the Company having served its list of documents on Tiberius on February 9, 2024, and
requesting that Tiberius deliver its list of documents to the Company by February 29, 2024, Tiberius has
yet to serve its list of documents or to provide any other substantive response regarding its disclosure
obligations. Accordingly, the Company has issued a formal demand for production of Tiberius' list of
documents by May 20, 2025, failing which Alliance has instructed its counsel to bring an application for
an order compelling production of the same.
ON BEHALF OF THE BOARD,
Chris Anderson
President, CEO & Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
Investor Relations:
604-488-3900
E-mail:
Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements"
within the meaning of Canadian securities legislation, including statements relating to an alleged breach
of the Option Agreement (as defined above) and the Company's legal action to enforce its entitlement to
the Property. Although the Company believes that such statements are reasonable based on current
circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are statements that are not historical facts, and by their nature, refer to future events. The
Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of
the Company's management on the date the statements are made and they involve a number of risks
and uncertainties, including the possibility the Company may not be successful in its legal action to
enforce the performance of the Option Agreement.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are
encouraged to review the Company's complete public disclosure record on SEDAR+ at
www.sedarplus.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.
Alliance Mining Corp.
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/251036