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Alianza Minerals Closes Private Placement

Financings

6212913 v2

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

NR 22-10

Alianza Minerals Closes Private Placement

Not for distribution to United States Newswire Services or for dissemination in the United States

Vancouver, BC, May 19, 2022 - Alianza Minerals Ltd. (TSX-V: ANZ, OTCQB: TARSF )

(“Alianza” or the “ Company”) is pleased to report that the financing announced originally on

April 25, 2022 has now been closed.

The Company raised a total of $ 750,000 from the issuance of the 10,000,000 units to fund

various activities of Alianza including exploration, project generation, marketing of projects in

2022, and other corporate overhead costs.

Each unit is comprised of one common share and one half of a common share purchase

warrant. Each full common share purchase warrant entitles the holder to purchase one

common share for $0.125 per common share until May 19, 2025. The common share

purchase warrants are non- transferable. All securities are subject to a four -month hold

expiring on September 20, 2022.

A director and an officer of the Company purchased or acquired direction and control over a

total of 1, 912,933 Units under the private placement. The placement to those persons

constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy

5.9 and Multilateral Instrument 61- 101 -Protection of Minority Security Holders in Special

Transactions (“MI 61-101”) adopted in the Policy. The Company has relied on exemptions from

the formal valuation and minority shareholder approval requirements of MI 61- 101 contained in

sections 5.5(a) and 5.7(1)(a) of MI 61- 101 in respect of related party parti cipation in the

placement as neither the fair market value (as determined under MI 61- 101) of the subject

matter of, nor the fair market value of the consideration for, the transaction, insofar as it

involved the related parties, exceeded 25% of the Company's market capitalization (as

determined under MI 61-101).

This news release does not constitute an offer of securities for sale in the United States. The

securities being offered have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended, and such securities may not be offered or sold within the

United States absent U.S. registration or an applicable exemption from U.S. registration

requirements.

About Alianza Minerals Ltd.

Alianza is a discovery focused minerals exploration company, working to provide metals for the

modern economy following best ESG practices. Alianza has ongoing exploration programs at

6212913 v2

the 100% owned flagship Haldane Silver Project in the prolific Keno Hil l District, Yukon

Territory. A dditionally, the Company has a portfolio of gold, silver and base metal projects in

Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza has one silver project

(Tim, Yukon Territory) optioned to Coeur Mining, Inc., two copper projects (Klo ndike and

Stateline, Colorado) optioned to Allied Copper Corp. and is actively seeking partners to

advance other projects.

The Company is listed on the TSX Venture Exchange under the symbol “ANZ” and trades on

the OTCQB market in the US under the symbol “TARSF”.

Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd. 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) 807-7217

Fax: (888) 889-4874

Renmark Financial Communications Inc.

Scott Logan

[email protected]

Tel: (416) 644-2020 or (212) 812-7680

www.renmarkfinancial.com

To learn more visit: www.alianzaminerals.com

Twitter: https://twitter.com/AlianzaMinerals

LinkedIn: https://www.linkedin.com/company/alianza-minerals-ltd

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

NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS

RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS,

MAY INCLUDE FORWARD- LOOKING STATEMENTS. FORWARD- LOOKING STATEMENTS ARE

BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE R ISKS AND

UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,

ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-

LOOKING STATEMENTS.