Kamloops, BC — March 20 2008 - Alliance Mining Corp. (CNQ - AMCL) "Alliance" or the "Company") is pleased to announce that the Board of Directors have approved explorations programs on all twelve of its mineral properties and will submit Plans of Operations on six of those properties. All properties are part of the Placerita Gold Project located in Yavapai County, Arizona.
The company will be submitting plans of operations consisting of up to 10,000 meters of diamond and reverse circulation (RC) drilling, up to 500 meters of trenching, and up to 50,000 tons of selective bulk sampling (mining) on several properties within known mineralized areas in and around old mine workings.
Exploration drilling, trenching and mining will be carried out in phases that are dependent on the results of the previous phase. The plans of operations will also cover the recommendations as outline in our 43-101 technical report dated August 10th 2007 that covers the first six properties that were acquired in the Placerita Project.
The Company will use its own diamond drill and will be acquiring a (RC) drill to further lower drilling cost and ensuring recovery as well giving the exploration crews the availability and flexibility to fast track exploration and mining programs. The RC drill may also be used in surface production drilling and water well drilling to source any water needs. The company plans to use bulk mining activities for metallurgical purposes and any positive cash flows will be used to ramp up further exploration and mining programs.
The Company's strategy is to concentrate on mining districts hosting dozens to hundreds of smaller, higher-grade near surface oxidized gold mineralized zones. Economical zones within these targets will be delineated, collectively mined and processed centrally using extreme gravity recovery technologies. Alliance is presently focused on properties of the Placerita Project within Placerita Gold District in Yavapai County, Arizona.
For further information on the Company and/or the Placerita gold properties, please visit www.alliancemining.com or www.sedar.com.
ON BEHALF OF THE BOARD
"Jan C. Ross"
______________________________
Mr. Jan C. Ross, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
Jan C. Ross, President and CEO
(250) 319-4793
The CNQ 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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