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Alianza Acquiring New Concessions in Central Peru

Corporate Updates

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Trading Symbol (TSX-V: ANZ)

410-325 Howe Street

Vancouver, British Columbia

Canada V6C 1Z7

Tel: (604) 687 3520

Fax: 1-888-889-4874

www.alianzaminerals.com

February 23, 2016 NR 17-04

Alianza Acquiring New Concessions in Central Peru

Alianza Minerals Ltd. (TSX-V: ANZ) (“Alianza” or the “Company”) announces that an application has been

made with the Peruvian authorities ( INGEMMET - Instituto Geologico Minero y Metalúrgico ) for nine

concessions comprising six properties in central Peru. These new properties target base metals mineralization

in the Peruvian Polymetallic Belt, a prolific region host to deposits such as the Cerro de Pasco Mine, where

zinc, lead and copper ore has been mined for over 100 years.

Alianza’s target properties were internally generated from a study th at examined a range of criteria including

metallogeny, regional geology, regional structure, private and public geochemical databases, favourable CSR

conditions and local knowledge. Management is planning reconnaissance exploration programs for all six of

these properties once the concession grants are completed. It is anticipated that this process will be completed

in Q2 2017 and reconnaissance work will commence shortly thereafter.

“Alianza is acquiring these new concessions as a result of in -house gener ative work that identified 30

grassroots targets,” stated Jason Weber, P.Geo., President and CEO of Alianza. “We are targeting large base

metal deposits and this region of Peru is known for its lead and zinc production, with mines that were first

developed over one hundred years ago. We are eager to visit these targets and ground-truth our ideas.”

Financing Update and Amendment

Alianza’s financing announced on February 15, 2017 has been increased to $625,000 for a total of 5,000,000

units. The units have also been amended to include one common share and one half common share purchase

warrant valid for a three year period and now exercisable at $0.20 per share. The financing is fully subscribed

and will close within 10 days.

About Alianza Minerals Ltd.

Alianza increases the chances of success in mineral exploration by using the “Prospect Generator” business

model, focussing on gold and copper exploration in Latin America and Nevada.

The Company has 28.3 million shares issued and outstanding , and is listed on the TSX Venture Exchange

(TSX-V: ANZ). Mr. Jason Weber, BSc, P.Geo., Alianza’s President and CEO is a Qualified Person as defined

by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in

this release.

For further information, contact:

Jason Weber, President and CEO

Sandrine Lam, Shareholder Communications

Tel: (604) 687-3520

Fax: (888) 889-4874

To learn more visit: www.alianzaminerals.com

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NEITHER THE 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. STATEMENTS IN THIS N EWS RELEASE, OTHER T HAN PURELY

HISTORICAL INFORMATI ON, INCLUDING STATEM ENTS RELATING TO THE COMPANY'S FUTURE PLANS AND

OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING

STATEMENTS ARE BASED ON NUMEROUS ASSUMPTI ONS AND ARE SUBJECT TO ALL OF THE RISKS AND

UNCERTAINTIES INHERE NT IN RESOURCE EXPLO RATION AND D EVELOPMENT. AS A RES ULT, ACTUAL

RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.