Alliance Mining Initial Payment to Tiberius GOLD Corp.

February 20, 2018 News Release TSX-V: ALM

ALLIANCE MINING INITIAL PAYMENT

TO TIBERIUS GOLD CORP.

Vancouver, British Colum bia: Alliance Mining Corp. ( TSX-v: ALM ) (“ Alliance” or the

“Company”) is pleased to announce it has made the first payment of $250,000.00 by

issuing 5 million common shares of it s capital to Tiberius Gold Corp. in connection with the

option agreement between Alliance Mining Corp. and Tiberius Gold Corp. Alliance may

acquire 100 per cent of Tiberius's property located in the centre of the Bissett gold mine

camp in Manitoba. Under the agreement, Alliance may earn in a 100-per-cent interest in the

property by making certain staged cash payments and/or share payments of common

shares in the capital of Alliance to Tiberius over a four-year period equal to a total of $1.25-

million as follows: (i) $250,000 in cash and/or common shares on or before 90 days of the

TSX Venture Exchange's approval of the transaction; (ii) $250,000 in cash and/or common

shares on or before the first anniversary of the approval date; (iii) $250,000 in cash and/or

common shares on or before the second anniversary of the approval date; $250,000 in cash

and/or common shares on or before the third anniversary of the approval date; and

$250,000 in cash and/or common shares on or before the fourth anniversary of the

approval date.

The 5 million shares paid to Tiberius Gold Corp. are subject to a 4 month statutory hold

period in accordance with applicable securities laws.

Alliance is actively seeking to expand its presence in the Bissett Gold camp through future

property acquisitions and/or potential joint venture exploration partnerships with neighbouring

companies. At present Alliance is actively working with its Manitoba based geological team to

prepare for its upcoming exploration program.

Alliance Mining has an optio n to acquire 100 per cent of the Red Rice Lake property located in

the centre of the Bissett gold camp in Manitoba. The property is located close to the town of

Bissett, Man., and just four kilometres south of Klondex Mines' producing True North gold

mine.

The Red Rice Lake gold property claims are located within the Archean Rice Lake greenstone

belt in southeastern Manitoba. This belt forms part of the Uchi sub province that includes the

Red Lake and Pickle Crow belts in Northwestern Ontario.

ON BEHALF OF THE BOARD

Al Beaton PEng

Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Alliance Mining Corp.

(604) 488-3900

Investor Relations:

Antony Claydon: 604-445-5421

E-mail: [email protected]

This press release includes certain statements that may be deemed “forward -looking statements”. All statements

in this release, other than statements of historical facts, that address future exploration drilling, exploration

activities and events or develo pments that the Company expects, are forward looking statements. Although the

Company believes the expectations expressed in such forward -looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results or developments may

differ materially from those in forward -looking statements. Factors that could cause actual results to differ

materially from those in forward -looking statements include exploitation and exploration successes, continued

availability of financing, and general economic, market or business conditions.

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.

Alliance Mining Corp.

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