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Alianza Minerals Financing Fully Subscribed

Financings

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 20-19

Alianza Minerals Financing Fully Subscribed

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

Vancouver, B.C., October 8, 2020 – Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) (“Alianza”

or the “Company”) is pleased to announce that the private placements of Flow -Through Shares and

Units are now fully subscribed and the offerings will close shortly. The Flow -Through Shares were

offered at $0.155 per share and the Unit offering is priced at $0.135 per unit, where each unit consists

of one share and one half warrant, with each full warrant exchangeable for one share at $0.20. The

Flow-Through Shares offering was increased by $651,575 from the $1.5 million announced initially.

To compensate, the Units offering was decreased by $350,000. In addition, Alianza has recently

received $337,000 from exercises of warrants and finders’ warrants.

Jason Weber, President and CEO of Alianza, noted that “ We are thankful to our shareholders, both

existing and new, for supporting us in this financing. We now look forward to commencing drilling at

our Haldane silver project in Yukon’s Keno Hill District.”

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 employs a hybrid business model of joint venture funding and self -funded projects to

maximize opportunity for exploration success. The Company currently has gold, silver and base metal

projects in Yukon Territory, British Columbia, Nevada and Peru. Alianza currently has two projects

optioned out in Nevada and Yukon Territory, and is actively exploring on two others. Alianza’s current

partners include Hochschild Mining PLC and Coeur Mining, Inc.

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

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) 687-3520

Fax: (888) 889-4874

www.alianzaminerals.com

Renmark Financial Communications Inc.

Melanie Barbeau

[email protected]

Tel: (416) 644-2020 or (514) 939-3989

www.renmarkfinancial.com

To learn more visit: www.alianzaminerals.com

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 STA TEMENTS ARE BASED ON NUMEROUS

ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN

RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY

MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.