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March 26, 2013
Trading Symbol: TSXV: ALM
Alliance Mining Initiates 43-101 on its Gold Assets between Agnico-Eagle�s Las Bolas project and Fresnillo�s PLC Orisyvo Discovery
VANCOUVER, British Columbia: ALLIANCE MINING CORP (ALM: TSX.V), is pleased to announce that it has engaged Coast Mountain Geological Ltd. of Vancouver, BC to prepare a 43-101 report on its Gold assets in the Uruachic district Mexico.
The report will cover all of Alliance�s gold assets that now sit in the middle of Fresnillo�s land holdings that contains the Orisyvo Gold discovery, which is currently at 9.6 Million Au. Agnico-Eagle�s Las Bolas project also sits adjacent to Alliance�s assets in the middle of Fresnillo�s holdings. This report will provide the first comprehensive summary of exploration data in over ten years since the discovery of the nearby Orisyvo deposit. ( See Map at Alliancemining.com)
Alliance, which sits in the middle of Fresnillo�s land holdings has spent a modest amount to date, approximately $200,000 in due diligence expenses and other expenditures required under the proposed option agreement to keep the property in good standing. Fresnillo has recently spent in excess of $100,000,000 and it has recently been reported that they plan to spend an additional $800,000,000 expanding the Orisyvo discovery.
Alliance�s neighbor Agnico is also active and has initiated a $5,000,000 drill and exploration program at Las Bolas.
The Mexican government has also become an active participant as a result of the Orisyvo discovery, and it is currently paving the 45-kilometre gravel access road leading to Uruachic.
Alliance�s land package is 50 square kilometres (4,872 hectares) in the Uruachic district of northwestern Mexico. Alliance�s package was staked prior to the Orisyvo�s discovery and was done to cover many historic mine workings from the eighteenth and nineteenth centuries. To learn more about Fresnillo PLC�s important Orisyvo discovery visit (www.fresnilloplc.com). Fresnillo is the second-largest gold producer in Mexico and the world�s largest silver producer.
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
Alliance's land package contains several assets that could be stand-alone opportunities. However, the company plans on making only one asset available for Joint Venture, any parties interested in exploring this opportunity should contact the company.
Alliance has an option on this property by way of an option agreement which is pending TSX Venture Exchange approval.
ON BEHALF OF THE BOARD
"Chris Anderson "
Mr. Christopher R Anderson,
CEO, President, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
Christopher R Anderson
(604) 628-6645
Disclaimer:
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is �forward-looking information� within the meaning of the Ontario Securities Act. This includes statements concerning the Company�s plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company�s expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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