Dec. 31, 2010 (TheNewswire.ca) --
Dec 31, 2010 Alliance Mining Corp. (OOTC:ANMNF) (CNQ:ALM) (the "Company" or "Alliance") is pleased to announce the appointment of Antony Claydon to the Board of Directors.
Just Prior to joining Alliance's board, Mr. Claydon, as President and CEO of TSX Venture listed Totem Minerals Inc., was actively involved in Totem acquiring a highly prospective group of gold concessions in Ghana, West Africa. Mr. Claydon remains a director of Totem (now Abzu Gold Ltd. - ABS.V).
Mr. Claydon brings forth nearly two decades of public market experience to Alliance Mining. He will be participating in the development and execution of a comprehensive strategy aimed at raising the Company's profile in the investment community. In addition he will work closely with management to ensure the company undertakes an aggressive exploration program on its Arizona gold properties in 2011.
Quoting Jan Ross the President of Alliance Mining Corp: "The Company is very pleased that Antony accepted our offer to join the board and his years of public company experience is a tremendous asset to the team."
The Company has granted incentive stock options to directors, officers and consultants to purchase an aggregate of 1,000,000 Class A shares in the capital of the Company, exercisable at a price of $0.10 per share for a period of five years. The incentive stock options will expire on December 31, 2015 and are granted in accordance with the terms of the Company's Stock Option Plan and the policies of the CNSX.
About Alliance:
Alliance mining has been focused on acquiring and delineating highly prospective Gold and Silver mineral properties in Arizona's most prolific gold producing area - Yavapai County located in central Arizona. Over the past decade the company has built up an extensive inventory of geologically significant properties, most of whom have experienced gold and silver production in the past century. The company plans to take these properties to the next stage of exploration and development using modern techniques unavailable to earlier miners. An extensive exploration program is being planned for these precious metal assets in 2011, along with a strong emphasis on increasing shareholder value and liquidity.
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 CNSX 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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