Alliance Mining Corp. announced that it has closed the private placement previously announced on March 24, 2021 for gross proceeds of $393,750. The units of the financing comprised of one common share at a price of $0.1875 and a full share purchase warrant, which may be exercised for a period of 18 months at a price of $0.30 per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $0.35 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The proceeds of the private placement will be used for general working capital and Exploration. The subscribers of the placement have all agreed to a 2-year escrow hold period commencing from April 23, 2021 whereby 1/6th of the securities will be released from escrow at the end of each 4-month period during the escrow term. The Company announces August 24, 2021 as the hold expiry date for the first escrow release of this placement.