Alianza receives drilling permits for Twin Canyon Gold Project, CO

Trading Symbol (TSX-V: ANZ, OTCQB: TARSF)

410-325 Howe Street

Vancouver, British Columbia

Canada V6C 1Z7

Tel: (604) 687 3520

Fax: 1-888-889-4874

www.alianzaminerals.com

NR 23-01

Alianza receives drilling permits for Twin Canyon Gold Project, CO

Vancouver, BC, January 11, 2023 - Alianza Minerals Ltd. (“Alianza”) (TSX-V: ANZ,

OTCQB: TARSF) is pleased to announce that its proposal for drilling at the Twin

Canyon Project in southwest Colorado has been approved by the United States Forest

Service and the Colorado Division of Reclamation, Mining and Safety, subject to certain

standard operating conditions and placement of a $18,104 bond. Alianza has now

received all necessary permits to conduct a proposed 13 hole drill program from 8 drill

pads, totalling approximately 3,950 metres of drilling.

“Mineralization at Twin Canyon is centred on the Charlene Mine, where ’several

thousand‘ ounces of gold were reportedly mined from bleached and altered sandstones

in the 1980s,” stated Rob Duncan, M.Sc., Vice President, Exploration for Alianza.

“Alianza’s work has identified the same gold bearing sandstones over a distance of

3000 metres of strike length in the vicinity of the Charlene Mine, greatly expanding the

exploration potential of this district. The proposed drill program will test this prospective

stratigraphy with the goal of demonstrating a large scale gold mineralizing system at

Twin Canyon.”

Exploration at Twin Canyon has targeted disseminated native gold mineralization

associated with a bleached sandstone spotted with bitumen, with small amounts of

limonite after pyrite. Optical and mi croprobe work carried out on mineralized samples

indicate a direct gold – bitumen association raising the novel possibility that the

mineralizing process at Twin Canyon is driven by those associated with petroleum basin

development. A small underground gold mine (the Charlene Mine) operated at Twin

Canyon dating back to the mid- 1950s. Historic sampling of the underground workings

has returned grab samples ranging from 0.1 to 15.77 g/t gold. Twenty -eight historic

channel samples 1.5 to 10 metres in length w ere anomalous in gold, eight of which

exceeded 2 g/t gold (including a highlight of 8.1 g/t gold over 3 metres). Recent work,

including mapping and soil and rock geochemical sampling expanded the prospective

strike length of the prospective gold bearing sandstone unit to over 3000 metres, with

regional potential for expansion of the target laterally as well as to deeper stratigraphic

levels.

Alianza is seeking a partner to fund the next phase of work and will be entering into

discussions with prospective partners through the first quarter of 2023.

About Alianza Minerals Ltd.

Alianza employs a discovery-focused 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, Colorado, Nevada

and Peru. Alianza has one project (Tim, Yukon Territory) optioned out to Coeur Mining,

Inc. and two optioned to Allied Copper within an alliance with Cloudbreak Discovery

PLC. Alianza is actively seeking partners on other projects. Alianza also holds certain

royalties on projects in North and South America.

Alianza 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

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 T HE 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 RISKS AND

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

ACTUAL RESULTS MAY VARY MATER IALLY FROM THOSE DESCRIBED IN THE FORWARD -

LOOKING STATEMENTS.