Ann: Continued High Grade Gold Results at Weednanna Target 4, page-12

Another four reasons why you should look at Alliance Resources.

1. Alliance Resouces are about to announce its Maiden first JORC resource of gold on the Weednanna Gold project. It was due out by 30th of June 2018; however, they missed that timeline. This Maiden announcement if good should generate news about the stock, and hence bring people unaware with Alliance to investigate the company. This announcement could over time be a catalyst for the stock. It is due sometime between now and the end of August 2018.

1. Brent Cook (you can google his name for more information, not associated with Alliance) is an independent exploration analyst with over 30 years of experience in both property economics and geology evaluations. In a recent presentation on gold exploration companies and projects, he said: "For every one 2.5g/t deposit, there are ten 1g/t deposits."

Alliance Resources CEO Steve Johnson said in a media article on 22/04/2018 that "That target one is potentially grading at about 4 grams per tonne. Another two shoots are also emerging, with Target 2 and Target 3 potentially having grades in the order of 7grams per tonne and 10 grams per tonne respectively."
The maths on this high grade is very good for a near undrilled project. E.g., this is a very very high-grade deposit.

1. The Weednanna project was an iron ore project from 2006 to 2013. They had 45 million tonnes with the extensive drilling of iron ore discovered and a further 200 million tonnes with limited drilling. They had built an 80 man village on site for the workers to start the mine. At the time the project was owned by Iron Clad (an ASX listed company), this was their flagship project, and they were just an explorer (hence no revenue). They were about three months from the mine about to start, and the iron ore price went from $130 to below $80. Consequently the preparations for the mining to begin stopped. At the time they were mostly unaware of the presence of gold. It wasn't until Alliance purchased 51% and took over that they realized the gold was thru out the iron ore prospect. In 2013 the company that owned the Weednanna project as its primary plan had a market cap of plus $50 million. The iron ore is still in the ground. Nobody talks about this. Not even Alliance Resources! If the iron ore price increases again. This could be an unexpected winner for Alliance. Alliance now owns near 80% of the Wilcherry project which has the Weednanna gold iron ore project inside of it.

1. The Challenger project in South Australia (WPG Resources) was a large gold project. It was mined for over ten years and produced more than 1.5 million oz of gold. The exciting thing about the Challenger project was that they had an open pit gold resource of 160,000 oz gold. However, as they mined the open pit, they realized they found an extremely condensed high grade vain of gold going 2km below the hole. This was unexpected, and they turned the 160,000 oz to 2.0 million very quickly. This was the source of the gold for the open pit part.

The source of gold has not been found yet if it exists at Weednanna. However, both the target one and target four looks like it both could be possibilities. They are both open at depth and in particular target one, the gold grade gets higher with depth. Only deep diamond drilling will prove if this is the case.