Alliance Mining Announces Financing

September 9, 2022 TSX.v: ALM

Alliance Mining Announces Financing

Vancouver, British Columbia: Alliance Mining Corp. (TSX.V: ALM) (“Alliance” or the

“Company”) announces that is has arranged a non-brokered private placement of 4 million units

at a price of $0.12 per unit for gross proceeds of $480,000. The units of the financing will

comprise of one common share and a full share purchase warrant, which may be exercised for a

period of 18 months at a price of $0.165 per share. The term of the warrants may be accelerated

in the event that the issuer's shares trade at or above a price of $0.20 per share for a period of 10

consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or

by way of news release, to the subscribers that the warrants will expire 20 days from the date of

providing such notice

The proceeds of the private placement will be used for general working capital and exploration

work at the Company’s Red Rice Lake property located in the centre of the Bissett gold camp in

Manitoba.

A finder's fee may be paid to eligible finders in accordance with the TSX-V policies. All

securities issued pursuant to the offering will be subject to a hold period of four months and one

day from the date of closing. The offerings and payment of finders' fees are both subject to

approval by the TSX-V

ON BEHALF OF THE BOARD

Chris Anderson

Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Alliance Mining Corp.

(604) 488-3900

Investor Relations: 604-488-3900

E-mail: [email protected]

Forward-Looking Statement Cautions: This press release contains certain "forward -looking

statements" within the meaning of Canadian securities legislation . Although the Company

believes that such statements are reasonable based on current circumstances, it can give no

assurance that such expectations will prov e 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 assura nce 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 rev iew the Company’s complete public

disclosure record on SEDAR at www.sedar.com.

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 adequa cy or accuracy

of this release.

Alliance Mining Corp.

888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4