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October 29 2008 - Jan C. Ross (the "Offeror") announces that, pursuant to trades conducted on the CNQ, he acquired control of an additional 100,000 common shares of Alliance Mining Corp. (the "Corporation") on October 27 & 29, 2008 at a price of $0.05 per share. The shares were acquired by Gabriella Cole, the Offeror's spouse. Prior to this transaction Ms. Cole owned 369,500 common shares and 100,000 share purchase warrants. The Offeror maintains control over these shares and warrants. The Offeror owns, directly, 2,016,000 common shares and 100,000 share purchase warrants.
Collectively, prior to this transaction, the Offeror owned or controlled an aggregate of 2,385,500 common shares of the Issuer, representing 25.80% of the issued and outstanding shares of the Issuer, or 27.96% assuming exercise of the share purchase warrants. After completion of the acquisition the Offeror owned or controlled an aggregate of 2,485,500 common shares of the Issuer, representing 26.88% of the issued and outstanding shares of the Issuer, or 29.04 % assuming exercise of the share purchase warrants.
The Offeror acquired theses securities for investment purposes. The Offeror may acquire additional securities or dispose of his existing securities on the basis of his assessment of market conditions and in compliance with all applicable securities regulatory requirements.
"Jan C. Ross" Jan C. Ross
NO REGULATORY AUTHORITY HAS REVIEWED NOR DOES ANY REGULATORY AUTHORITY ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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