Alliance Resources Ltd. announced gold results from the re-analysis of historic iron oredrill samples at the Weednanna North Prospect, which forms part of the Wilcherry Project Joint Venture between Alliance (79.01%) and Tyranna Resources Ltd. (20.99%). The Weednanna North Prospect was explored by Ironclad Mining between 2008 and 2012 for economicconcentrations of iron ore.During this period 12 diamond holes, for 761.4 metres and 127 RC holes, for 12,786 metres, were drilledDuring 2018 all historic RC and diamond holes from the Weednanna North Prospect were systematically re-logged for cross-sectional interpretation and 3D geological modelling. The Weednanna North Prospect consists of a northwest striking zone of calc-silicate and magnetite skarnaltered Paleo-Proterozoic Hutchinson Group metasediments that are bounded by Archaean SleafordComplex granite and gneiss.

The geology is very similar to the Weednanna Gold Deposit and there appearsto be similar structural positions to those that host gold at Weednanna. Between 2008 and 2012 a total of 6,729 composite and 1m split drilling samples were collected by IroncladMining and analysed for an iron ore suite of multi-elements. Alliance has located the laboratory drill sample pulps for 6,342 of these samples (94% of all historic drillingsamples) and re-analysed them for gold.

Assay results from this work have returned 158 samples containing gold anomalism greater than 0.1 g/t Au,with 11 holes containing drill intersections of greater than 2.0 g/t-m Au. These broad zones of gold anomalism are of similar width and grade to those observed at the WeednannaGold Deposit adjacent to high-grade gold shoots. As the Weednanna North Prospect has not previously been drilled to target favourable structural positionsthat may host high-grade gold, these gold assay results confirm the gold prospectivity of the area andindicate that this prospect is a priority gold exploration target that warrants further drill testing.