Vancouver, British Columbia (FSCwire) - Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the “Company”) is pleased to announce that it has entered into an exclusivity agreement (the “Tiberius Exclusivity Agreement”) with Tiberius Gold Corp. (“Tiberius”), a privately held mineral exploration company located in Winnipeg, Manitoba, whereby Alliance is granted the exclusive right, for 45 days, to conduct due diligence on certain of Tiberius’ mineral claims located in Manitoba (the “Property”), with a view to negotiating the terms of a letter of intent with Tiberius and, if applicable, a definitive agreement in order to complete the acquisition of the Property (the “Proposed Property Acquisition”).
Further details regarding the Proposed Property Acquisition will be provided in a news release, if and when the parties enter into a letter of intent and/or a definitive agreement.
The Proposed Property Acquisition is subject to, among other things, the completion of due diligence, completion of a National Instrument 43-101 technical report on the Property, the execution of a mutually satisfactory definitive agreement and obtaining all necessary regulatory approvals, including the TSX Venture Exchange, if applicable.
Alliance is very excited to be working in the province of Manitoba where it ranks as one of the top locations worldwide for investment attractiveness.
ON BEHALF OF THE BOARD
Al Beaton, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp. (604) 488-3900
This news release may contain forward-looking statements including but not limited to the Proposed Property Acquisition, completion of a National Instrument 43-101 technical report, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and the execution of the definitive agreement. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “will”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Actual results may differ materially from those currently anticipated in such statements and the Company undertakes no obligation to update such statements, except as required by law. The reader is cautioned not to place undue reliance on any forward-looking information. There can be no assurance that either of the proposed transactions with Tiberius will be completed or, if completed, will be successful.
Completion of the Proposed Property Acquisition is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance, if applicable. There can be no assurance that the Proposed Property Acquisition will be completed as proposed or at all.