Alliance Mining to Acquire 100% interest in Tiberius Gold Corp. Bissett Gold Mining Camp Manitoba

Date: January 27, 2017 News Release

Alliance Mining to Acquire 100% interest in

Tiberius Gold Corp.

Bissett Gold Mining Camp Manitoba

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

pleased to announce that it has signed an option agreement (the “Agreement”) with Tiberius Gold Corp.

(“Tiberius”) a private company, under which ALM may acquire 100% of Tiberius’ property (the

“Property”) located in center of the Bissett Gold Mine Camp Manitoba (the “Transaction”).

``The Board of Directors of Tiberius Gold Corp. is pleased to be entering into an Option Agreement with Alliance

Mining Corp and look forward to exciting and positive developments.``

Kenneth W. Munroe, Chairman Tiberius Gold Corp

Under the Agreement, ALM may earn-in a 100% interest in the Property by making certain staged cash

payments and/or share payments of common shares in the capital of ALM to Tiberius over a four year

period equal to a total of $ 1,250,000 as follows: (i) $250,000 in cash and/or common shares on or before

90 days of the TSX Venture Exchange ’s ( the “TSXV”) approval o f the Transaction (the “Approval

Date”); (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 c ash 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 Transaction is subject to, among other things, the completion of a Na tional Instrument 43 -101

technical report on the Property, and obtaining all necessary regulatory approvals, including the TSX V. If

complete, the Transaction will constitute a “Fundamental Acquisition” as such term is defined in TSXV

Policy 5.3. The common shares of ALM will remain halted until the TSXV has reviewed the Transaction

in accordance with TSXV Policy 5.3.

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 Transaction, 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, and potential mineral recovery processes . 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 transaction s with Tiberius will be completed or, if completed, will be

successful.

Completion of the Transaction 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 Transaction 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.