Allied Copper Provides Update On Stateline Option Agreement |

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the " Company " or " Allied Copper "), previously announced on February 10, 2022 that the Company signed an option agreement (the " Agreement ") dated February 9, 2022 for the sole and exclusive right to acquire a 100% undivided legal and beneficial interest (subject to a 2% net smelter royalty) for the Stateline Property, COUT USA from Cloudbreak Discovery Plc (" Cloudbreak " (LSE: CDL), Cloudbreak Discovery Canada Ltd., Tarsis Resources US Inc. and Alianza Minerals Ltd. (" Alianza ") (TSX-V: ANZ) (collectively, the " Alliance "). The Company and the Alliance have now successfully executed an amending agreement dated August 5, 2022 with effect as of February 9, 2022, amending the Agreement to delay any security issuance by the Company under the Agreement if it would result in the creation of a new insider (as defined in TSX Venture Exchange policies). This press release is a continuation to the previous press release issued on February 10, 2022 with respect to the Agreement.

Stateline Property Option Agreement Highlights

The option is exercisable by the Company as follows:

The Company may also issue an additional 1,500,000 common shares and 1,500,000 common share purchase warrants to Cloudbreak and Alianza in accordance with their pro rata interest upon an acquisition by the Company of an applicable interest within a set area of interest. The number and type of securities will depend on the aggregate area of interest acquired.

If the option is exercised, an undivided 100% right, title and interest in and to the applicable property will automatically vest in the Company and Cloudbreak and Alianza will retain a 2% net smelter royalty which is not subject to a buydown provision.

The payment of the option payments, the incurrence of the expenditures and the issuance of the securities listed above are optional and the Company is not obligated to make any such payment, expenditure or issuance.

Qualified Person Cam Bartsch (P. Geo.) is the "Qualified Person" as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects who has reviewed and approved the technical information that is contained within this news release.

About Allied Copper Allied Copper Corp. ("Allied Copper") (TSX-V: CPR) (OTCQB: CPRRF), headquartered in Vancouver, BC Canada, is a mineral exploration company focused on acquiring and developing potential long life, scalable copper and/or gold assets in the Western U.S. The Company's strategy is to focus on low cost and potential high growth operations in low-risk jurisdictions. Allied Copper's management is committed to operating efficiently and with transparency in all areas of the business. Investors and/or readers may sign up for updates on the Company's website: www.alliedcoppercorp.com

On behalf of the Board of Directors of Allied Copper Corp., Mr. Warner Uhl Executive Chairman

Contact Information For Investor Relations inquiries or further information, please contact: Kyle Hookey Interim CEO and Director Cell: +61 (431) 920 389 E-mail: khookey@cronincapital.ca

Forward Looking Statements- Safe Harbour This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Allied Copper Corp., future growth potential for Allied Copper and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of copper and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Allied Copper' ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may Constitute forward looking information and include, without limitation, statements about: anticipated timing and content of upcoming work programs, geological interpretations, receipt of property titles, and potential copper recovery processes; anticipated dates for receipt of permits, approvals and other milestones; anticipated Results of drilling programs, feasibility studies and other analyses; anticipated availability and terms of future financing; future production, operating and capital costs; and operating or financial performance. Information concerning potential contingent copper resource estimates also may be deemed to be forward-looking information in that it reflects a prediction of the copper bearing zones that would be encountered if a copper structure were developed and produced. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of copper deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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Resource-focused investors are all too familiar with mining companies aiming to explore and develop their portfolios. A typical junior or mid-tier mining company begins with exploration, then ideally moves towards developing the asset so it can eventually reach full production. It’s a story as old as mining itself, but is this the only way? The prospect generation model offers investors one of the best avenues to gain exposure to promising assets while simultaneously mitigating the risks associated with the exploration stage.

A prospect generator leverages its expertise to identify promising assets and conducts early-stage exploration, such as geophysics, geological mapping, and geochemistry. Once an asset produces promising assay results, a partner may be solicited to help fund exploratory drilling. Rick Rule of Sprott USA said in an interview, “The idea is that the exploration business is very much like any other form of research and development business, and that the chief value is actually the intellectual capital of the management team.”

Alianza Minerals (TSXV:ANZ,OTCQB:TARSF) is an exploration company that embodies the prospect generation approach with a twist. The company employs a hybrid business model towards project generation, fully funding very select projects while finding partners for others. Alianza Minerals uses this approach to maximize opportunities for exploration success. The company boasts a diverse portfolio of projects in Tier One jurisdictions at different stages of exploration, with some having partnerships and others wholly owned by Alianza Minerals such as its high grade Haldane silver project in Yukon.

The company is focused on politically-stable jurisdictions throughout the Americas, particularly the Cordillera regions in Western North and South America. The company has a large variety of assets, but three projects are currently at exciting stages of exploration. Its flagship project is the Haldane Silver Project in Yukon, which recently completed a very successful drilling campaign. In addition, the Tim Silver Project in Southern Yukon and the Twin Canyon Gold Project in Colorado are undergoing various stages of exploration. Each of these projects already has access roads, with the Haldane and Twin Canyon projects even having nearby access to power.

Coeur Mining (NYSE:CDE) is the company’s partner to aid in exploring the Tim Project, and Coeur Mining also owns the nearby Silvertip Mine that has similar geology. Alianza is currently seeking a partner for the Twin Canyon Gold Project to help fund a ten-hole RC drilling program. The Haldane Silver Project is 100 percent owned by Alianza.

Giving its shareholders even more potential for discovery, in 2021, Alianza acquired two copper projects in Colorado and has secured a partner funding exploration, including drilling, on both projects for the summer of 2022.

Mark T. Brown, executive chairman, said, "It's tough to make economic metals discoveries in our business. So the more drilling you have, the more cracks you have at making a drill discovery and the better your chances of being successful. We're literally drilling at four projects in two well-known mining areas.”

Prospect generators ideally have a team of qualified experts; otherwise, they might fail to produce meaningful exploration results that intrigue other mining companies. Additionally, the management team needs to understand how to sell a prospect to a development company. A notable benefit of Alianza’s hybrid approach is that a partner adds another layer of scrutiny on the company’s projects and can also fill the gap if a particular asset needs a specific skill set.

Fortunately, Alianza Minerals has a diverse team of experts in both areas that builds confidence in the company’s ability to produce shareholder value with the prospect generation model. Jason Weber, Craig Lindsay and Marc Blythe have direct experience selling discoveries to other mining companies. Weber and Rob Duncan have a combined 55 years of mineral exploration experience, creating a solid foundation of expertise. Mark Brown was the founder of Rare Element Resources that he and his team built into a $500 million company. Experts in corporate management and accounting round out the management team.

The 100 percent owned Haldane Silver Project is in an underexplored yet high-grade silver property in a historic silver-mining region in Yukon. The project covers 8,164 hectares that host structurally-controlled silver veins. Phase Two exploratory drilling was recently completed and produced promising results.

The Yukon-based Tim Project consists of 72 mineral claims located 27 kilometers west of Watson Lake and only 19 kilometers northeast of the Silvertip deposit owned by Coeur Mining. Coeur Mining has partnered with Alianza and conducted mapping, soil sampling, trenching and airborne geophysical surveys. The company is currently awaiting results from the 2021 program.

The Twin Canyon Project is located in Colorado and contains a sandstone-hosted gold prospect. The project is approximately 20 kilometers from the town of Mancos. A small family operation previously owned the project and crushed the sandstone to recover gold. As a result, Alianza acquired the property believing it may contain widespread gold mineralization. The company is currently seeking a partner to conduct a ten-hole drilling program.

In 2021, Alianza struck a strategic alliance with Cloudbreak Discovery to identify and acquire copper prospects in the Southwestern United States. The alliance focused on Southwest Colorado, acquiring and subsequently optioning two copper projects, Klondike and Stateline, to Allied Copper, which can earn a 100 percent interest in the projects in return for shares, cash and exploration work. Allied is funding groundwork and remote sensing surveys at both projects in preparation for drilling in 2022.

Recent work at Klondike helped define drill targets in two areas and identified a new target named the Northeast Fault. Sampling at the Northeast Fault returned 1.56 percent copper and 1.4 g/t of silver over a 4.6 meter chip sample. Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 meters long by 100 meters wide before becoming obscured beneath gravel cover.

The Stateline Property lies just eight kilometers on trend of the operating Lisbon Valley Copper Mine in Eastern Utah. The Utah/Colorado state line hosts copper oxide mineralization at surface, within host sandstone units bearing strong similarities to copper deposits at Lisbon Valley. Mineralized outcrops have yielded assay results up to 1.6 percent copper and 1.7 g/t of silver and 0.45 percent copper and 2.1 g/t of silver.

1 copper mineralization at Klondike, CO

Jason Weber is a geologist with over 25 years of experience in the minerals exploration industry. Before Alianza, Weber held the position of president and CEO of Kiska Metals Corporation, an exploration company focused on exploring and developing the Whistler gold-copper porphyry project in Alaska. Weber was president and CEO of Rimfire Minerals Corporation from 2007 to 2009, when Rimfire merged with Geoinformatics to create Kiska. He initially joined Rimfire in 1999 as Manager of Corporate Communications after working as a consulting project geologist with Equity Engineering in Canada, the USA and Central America. Weber has served as a director and advisor to numerous junior exploration companies.

Rob Duncan has over 30 years of experience in mineral exploration with a wide range of companies, from major producers such as Rio Tinto and Inmet Mining to junior explorers. In addition, he has held senior management positions with junior explorers throughout the North American Cordillera, Canadian Shield and Eastern Europe. Duncan’s work entailed various deposit types, including orogenic gold, porphyry copper (gold), VMS, intrusion-related gold and epithermal gold-silver systems. He also has over 10 years of management experience, specifically with prospect-generator companies. In addition, he has held the position of exploration manager at Rimfire Minerals and VP of exploration and project development at Evrim Resources, now Orogen Royalties. (TSXV:OGN,OTCQX:OGNRF).

Marc Blythe has a Master of Business Administration from La Trobe University in Melbourne and a Bachelor of Mining Engineering degree from the Western Australian School of Mines. Blythe served as vice president of mining at Almaden Minerals from 2006 to 2011, also acting as president & CEO of Tarsis Resources, now a part of Alianza Minerals. He was also the vice president of corporate development at Nevsun Resources. Before that, Blythe held the position of corporate senior mining engineer for Placer Dome, a Vancouver-based company, from 2004 until 2006. During this tenure, Blythe completed internal and external mine evaluations, including advising on potential acquisitions and mining technology implementation.

Craig Lindsay has over 25 years of experience in corporate finance, investment banking and business development. His focus has been on mineral resources in the Western United States. He was the founder, president and CEO of Otis Gold until its sale to Excellon Resources (TSX:EXN) in 2020. Lindsay is currently the managing director of Arbutus Grove Capital, a private company offering corporate finance and merchant banking services.

Lindsay was a founder and president of Magnum Uranium until its merger with Energy Fuels (TSX:EFR) in June 2009. He also served as vice president of the Corporate Finance and Investment Banking Group at PricewaterhouseCoopers. Lindsay was also the founder of Malaspina Capital, a junior capital pool company. He was responsible for identifying its merger with Miranda Mining, a Mexico-based gold producer subsequently acquired by Wheaton River Minerals.

Sven Gollan spent 16 years as an investment/private banker in Germany and Austria, during which time he was active in the education and training of securities advisors and investment bankers. From 2011 to 2015, Gollan was an external consultant for the Grabher Family, Austria. Gollan has been with FruchtExpress Grabher as corporate treasurer since 2015. He is currently with FruchtExpress Norge, the Norwegian branch of FruchtExpress.

Mark Brown obtained his Chartered Accountant designation in 1993 while working with PricewaterhouseCoopers in Vancouver, BC. Brown has led the financial aspects of Alianza Minerals since 2007, including financing, regulatory and reporting issues. Before Alianza, Brown was the controller of two operating gold mining companies with operations in Northern Canada and South America. Brown currently sits on the boards of other public companies. He leads a team of ten people in the Vancouver office of Pacific Opportunity Capital, a financial consulting and merchant banking firm that’s active in venture capital markets in North America.

Winnie Wong is the vice president of client services at Pacific Opportunity Capital, a firm the Alianza has retained to provide financial management and accounting services. After graduation from Queen’s University, Wong worked with Deloitte & Touche, where she earned her Chartered Accountant designation. She currently acts as the CFO and corporate secretary of certain TSX Venture Exchange companies. She was formerly CFO of Rare Element Resources, a company with a $500 million market cap, as well as Animas Resources and AQM Copper.

Murray Jones joined Equity in 1997 and has over 35 years of experience in mineral exploration. Over this time, he has developed expertise in orogenic gold, volcanogenic massive sulfide and IOCG deposits. Jones continues to be driven by the diverse opportunities of the mineral exploration industry. In addition to the variety of challenges that come with the senior project geologist role, Jones’ primary motivations are his involvement in advancing new projects and working in new geological environments. His depth of experience adds significant value for guiding and mentoring younger geologists. Jones is currently working on Alianza’s Haldane Silver Project in Yukon.

Vancouver, BC TheNewswire - August 10, 2022 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) is pleased to announce that a 1,000 metre (m) drill program is underway at the Klondike Property ("Klondike"), a property in Alianza's strategic alliance with Cloudbreak Discovery PLC ("Cloudbreak"), located in southwestern Colorado, United States. The drill is turning and most of the construction related to the drill pads and temporary road access to them is complete. Notably, construction of the access between pads L and N at the Northeast Fault target revealed numerous new occurrences of copper oxide mineralized sandstone.

The planned 1,000m drill program, fully funded by partner Allied Copper Corp. ("Allied"), is designed to test three separate multi-kilometre copper-mineralized targets at the West Graben, East Graben and Northeast faults. The first phase $1.0 million drill program will test at least five of the 12 highest priority drillholes to a maximum depth of approximately 250m.

"We are extremely pleased to have drilling underway at Klondike, just over one year after announcing its acquisition with our alliance partner, Cloudbreak." stated Mark T. Brown, Executive, Chairman of Alianza. "It is very encouraging that we are uncovering new copper occurrences as we build access into the drill pads, strengthening our conviction that we are testing robust copper targets."

It is anticipated that the program will take four to six weeks to complete, with results potentially available in Q4 2022. Allied is funding this program under an option agreement whereby Allied can earn a 100% interest in the Klondike property from the Strategic Alliance (Alianza and Cloudbreak) over a four year period by funding $4.75 million in exploration, issuing 7 million shares and paying $400,000 to the alliance partners. An additional 6 million warrants in the stock of Allied are payable at certain milestones. The alliance partners will hold a 2% NSR, of which 1% can be purchased for $1.5 million.

The Klondike Property is located approximately 25 kilometres south of Naturita, Colorado. This property lies within the Paradox Copper Belt, which includes the producing Lisbon Valley Mining Complex. Numerous historical copper occurrences have been identified throughout the district, however, many of these have not been explored using modern exploration techniques.

A 2021 reconnaissance program consisting of mapping, stream sediment sampling and rock sampling was undertaken at the Klondike Property to help define drill targets at the West Graben Fault and East Graben Fault targets. Rock sampling and mapping successfully expanded the footprint of both targets and identified a new target named the Northeast Fault. Sampling at the Northeast Fault returned 1.56% copper and 1.4 grams per tonne ("g/t") silver over a 4.6 metre chip sample of bleached, bitumen spotted and altered Jurassic sandstones of the Saltwash member of the Morrison Formation.

Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 metres long by 100 metres wide before becoming obscured beneath gravel cover. Further anomalous copper, including 2.1 metres of 463 ppm copper, was encountered over one kilometre to the northwest where the structure and host strata next appear from beneath the same gravel cover.

At Klondike, documented copper exploration ceased in the 1960s with subsequent exploration targeting uranium the 1970s. Previous workers reported high-grade copper mineralization highlighted by results of 6.3% copper and 23.3 g/t silver in outcrop. In addition to its high-grade potential, disseminated copper-silver mineralization has been observed which may be amenable to modern open pit mining with Solvent Extraction Electrowinning ("SXEW") processing similar to the Lisbon Valley Mining Complex. Sedimentary hosted copper deposits are an important contributor to world copper production, accounting for more than 20% of the world's copper supply annually.

The project is road accessible year-round, traveling two kilometres of gravel road from paved highway. The project is comprised of 76 mining claims on Federal mineral rights managed by the BLM, in addition to an Exploration Permit and an exclusive right to a State lease from the State of Colorado.

Click Image To View Full Size

Figure 1. 2022 Phase 1 Drillholes and Permitted Drillholes, Klondike Property, Colorado

Under the terms of the Alliance, either Cloudbreak Discovery PLC or Alianza Minerals Ltd can introduce projects to the Alliance. Projects accepted into the Alliance will be held 50/50 but funding of the initial acquisition and any preliminary work programs will be funded 40% by the introducing partner and 60% by the other party. Project expenditures are determined by committee, consisting of two senior management personnel from each party. Alianza is the operator of Alliance projects unless the Alliance steering committee determines, on a case-by-case basis, that Cloudbreak would be a more suitable operator. The initial term of the Alliance runs for two years and may be extended for an additional two years.

Cloudbreak Discovery PLC, is a leading natural resource project generator, working across a wide array of mineral assets that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by Cloudbreak's generative model enables a multi-asset approach to investing and exploration. Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of natural resource investing.

Allied Copper Corp. is headquartered in Vancouver, BC Canada is a mineral exploration company focused on acquiring and developing potential long life, scalable copper-gold assets in the Western United States. The company's strategy is to focus on low cost and potential high growth operations in low-risk jurisdictions. Allied's management is committed to operating efficiently and with transparency in all areas of the business.

Alianza employs a discovery-focused business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company currently has gold, silver and base metal projects in Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza has one project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and is actively seeking partners on other projects.

Alianza is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB market in the US under the symbol "TARSF".

Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.

Jason Weber, President and CEO

To learn more visit: www.alianzaminerals.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

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Vancouver, BC TheNewswire - July 12, 2022 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) and Cloudbreak Discovery PLC ("Cloudbreak") (LSE: CDL) (the " Alliance ") are pleased to announce that crews will be mobilizing in mid-July to the Klondike Copper property to complete the first modern drill test of the property, funded by partner Allied Copper Corp. ("Allied") (TSX-V: CPR) under the terms of its earn-in agreement with the Alliance. Site and logistical preparation will be completed prior to the drill arriving by late July. Currently, five holes are planned to test three target areas for a total of 1,000 metres of drilling. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease.

"We are looking forward to testing the targets we have prioritized at Klondike," stated Rob Duncan, M.Sc., Vice President, Exploration of Alianza. "Three excellent targets exist at the Northeast Fault, West Graben and East Graben areas, each of which shows multi-kilometre strike length potential for copper mineralization. This first phase of drilling is designed to make an initial test of each of the three targets."

Two holes are planned for the Northeast Fault target to test its potential at depth to follow up a 4.6 m chip sample that averaged 1.56% copper and 1.4 g/t silver in 2021 sampling. One hole will test the East Graben Fault at depth, where surface sampling returned 2.8% copper with 37.8 g/t silver and 1.5% copper with 24.3 g/t silver. Two holes will test the West Graben Fault, following up 2021 sampling that returned 6.23% copper and 127 g/t silver from a grab sample.

Figure 1. Klondike Geology and Drill Plan with Copper Results

Click Image To View Full Size

U nder the terms of the Alliance, either Cloudbreak Discovery PLC or Alianza Minerals Ltd can introduce projects to the Alliance. Projects accepted into the Alliance will be held 50/50 but funding of the initial acquisition and any preliminary work programs will be funded 40% by the introducing partner and 60% by the other party. Project expenditures are determined by committee, consisting of two senior management personnel from each party. Alianza is the operator of Alliance projects unless the Alliance steering committee determines, on a case-by-case basis, that Cloudbreak would be a more suitable operator. The initial term of the Alliance runs for two years and may be extended for an additional two years.

Allied Copper Corp. is headquartered in Vancouver, BC Canada is a mineral exploration company focused on acquiring and developing potential long life, scalable copper-gold assets in the Western United States. The Company's strategy is to focus on low cost and potential high growth operations in low-risk jurisdictions. Allied Copper's management is committed to operating efficiently and with transparency in all areas of the business.

Alianza is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB market in the US under the symbol "TARSF".

Jason Weber, President and CEO

To learn more visit: www.alianzaminerals.com

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Vancouver, BC TheNewswire - June 22, 2022 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) and Cloudbreak Discovery Plc ("Cloudbreak") (LSE:CDL) (the " Alliance ") are pleased to announce t hat the required permits to begin the 2022 drilling program on behalf of partner Allied Copper Corp. ("Allied") (TSX-V: CPR) have now been received. The drill program is expected to begin in mid July, 2022. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease.

"We are very excited to commence the 2022 program at Klondike," stated Rob Duncan, M.Sc., Vice President, Exploration for Alianza Minerals. "Our previous mapping and sampling work, and recently completed magnetics survey together have identified compelling targets for drill testing. We are looking forward to working with Allied to advance Klondike."

Alianza is finalizing a bond placement of approximately US$29,000 to enable the program to commence on or about July 15. Allied, under the terms of its option agreement with Alianza and Cloudbreak is funding the program as part of the earn-in agreement. Alianza is the project operator. Planning and logistics for the program are well underway and the final drill plan will be announced prior to the program startup.

Figure 1. Klondike Geology and Copper Results Map Click Image To View Full Size

Allied Copper Corp. is headquartered in Vancouver, BC Canada is a mineral exploration company focused on acquiring and developing potential long life, scalable copper-gold assets in the Western United States. The Company's strategy is to focus on low cost and potential high growth operations in low-risk jurisdictions. Allied Copper's management is committed to operating efficiently and with transparency in all areas of the business.

Alianza is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB market in the US under the symbol "TARSF".

Jason Weber, President and CEO

To learn more visit: www.alianzaminerals.com

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Vancouver, BC TheNewswire - May 19, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (" Alianza " or the " Company ") is pleased to report that the financing announced originally on April 25, 2022 has now been closed.

The Company raised a total of $750,000 from the issuance of the 10,000,000 units to fund various activities of Alianza including exploration, project generation, marketing of projects in 2022, and other corporate overhead costs.

Each unit is comprised of one common share and one half of a common share purchase warrant. Each full common share purchase warrant entitles the holder to purchase one common share for $0.125 per common share until May 19, 2025. The common share purchase warrants are non-transferable. All securities are subject to a four-month hold expiring on September 20, 2022.

A director and an officer of the Company purchased or acquired direction and control over a total of 1,912,933 Units under the private placement. The placement to those persons constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Alianza is a discovery focused minerals exploration company, working to provide metals for the modern economy following best ESG practices. Alianza has ongoing exploration programs at the 100% owned flagship Haldane Silver Project in the prolific Keno Hill District, Yukon Territory. Additionally, the Company has a portfolio of gold, silver and base metal projects in Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza has one silver project (Tim, Yukon Territory) optioned to Coeur Mining, Inc., two copper projects (Klondike and Stateline, Colorado) optioned to Allied Copper Corp. and is actively seeking partners to advance other projects.

The Company is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB market in the US under the symbol "TARSF".

Jason Weber, President and CEO

To learn more visit: www.alianzaminerals.com

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Vancouver, BC TheNewswire - May 13, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (" Alianza " or the " Company ") is pleased to announce the non-brokered private placement of 10 million Units of the Company at a price of $0.075 per Unit for gross proceeds to the Company of up to $750,000 (the " Offering ") is fully subscribed and will be closed shortly.

Each Unit is comprised of one common share and one half of a common share purchase warrant. Each full common share purchase warrant will entitle the holder to purchase one common share for a period of three years from closing of the placement for $0.125 per common share. The common share purchase warrants are non-transferable.

The proceeds from this private placement will be used to fund various activities of Alianza including exploration conducted outside of Canada, project generation and marketing of projects in 2022, and other corporate overhead costs.

Jason Weber, President and CEO of Alianza, noted that "We appreciate the support of those who took part in this financing. We are looking forward to a very busy 2022, building on the high-grade silver results from our Haldane Project in the historic Keno Hill District in 2021, as well as our base and precious metals we will advance with our partners."

The closing of the Offering is expected to occur shortly, and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange (the "TSXV"). No finder's fees will be paid. The common shares and warrants issued with respect to the Offering will be subject to a hold period of four months and one day in accordance with applicable securities laws.

The Company is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB market in the US under the symbol "TARSF".

Jason Weber, President and CEO

To learn more visit: www.alianzaminerals.com

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Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that the Company has obtained a final order from the Supreme Court of British Columbia approving the previously announced acquisition of Alexco by 1080980 B .C. Ltd. (" 108 "), a subsidiary of Hecla Mining Company (NYSE: HL) (" Hecla ") by way of a plan of arrangement (the " Arrangement "). Under the terms of the Arrangement, Alexco's shareholders (the " Shareholders ") will receive 0.116 common shares in the capital of Hecla for each Alexco share held (the " Consideration ").

The Arrangement remains subject to the satisfaction or waiver of customary closing conditions and is expected to close on September 7, 2022 . Following completion of the Arrangement, the common shares of Alexco are expected to be delisted from the Toronto Stock Exchange and the NYSE American. An application is also expected to be made for the Company to cease to be a reporting issuer in the applicable jurisdictions upon closing of the Arrangement.

Information regarding the procedure for exchange of shares for Consideration is provided in the Company's management information circular dated July 28, 2022 (the " Circular "). The Circular is available on SEDAR under the Company's profile at www.sedar.com and on the Company's website at https://alexcoresource.com/investors/special-meeting-of-shareholders/ .

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District in Canada's Yukon Territory , one of the highest-grade silver mines in the world.

This news release contains forward-looking statements, which relate to future events or future performance. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements herein include, without limitation, statements with respect to the consummation and timing of the Arrangement; the satisfaction or waiver of the conditions precedent to the transaction; the Consideration to be received by Shareholders; the expected benefits of the Arrangement; the timing and receipt of any other regulatory consents and approvals; the delisting of the Alexco shares; and the intention that Alexco will cease to be a reporting issuer. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company, including assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory and other third party approvals; the satisfaction or waiver of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms; the expected adherence to the terms of the arrangement agreement, as assigned and amended (the "Arrangement Agreement") and agreements related thereto; the adequacy of our and Hecla's financial resources; favourable equity and debt capital markets; and stability in financial capital markets. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, among others: the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee (as defined in the Arrangement Agreement); if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; future prices of silver, gold, lead, zinc and other commodities; market competition; and the geopolitical, economic, permitting legal climate that Alexco and Hecla operate in; and the additional risks and uncertainties identified in Alexco's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com ) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml ). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

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Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report new results from its 2022 Phase 1 exploration program in the Minto Mine South Deposit. Red Pine drilling continues to increase the footprint of mineralization within the Minto Mine South Deposit.

Quentin Yarie, President, and CEO of Red Pine Exploration commented: " The Minto mine drilling results demonstrate that the current Minto Mine Resource is likely of higher grade than currently calculated. Increased drill density of the Minto Mine South Deposit is mitigating the nugget affect we are conscious of. These recent drill results represent an important step forward on our progress expanding the current resources at the Wawa Gold Project. Based on our results the high-grade Minto mineralization could very well become an exciting focal point for Red Pine.

With continued drilling success, we anticipate updating the Minto Mine South resource in the following fiscal year."

High-grade gold in the Minto Mine Deposit

Red Pine continued to infill strategic gaps in the current resource of the Minto Mine Deposit. In SD-22-377, high-grade gold mineralization was intersected in a gap in the Minto resource 30 meters up-plunge of the intersection of 68.71g/t gold over 4.72 meters in SD-22-373 (Table 1; see press release of July 14 th , 2022). In addition, SD-22-373 identified a network of high-grade quartz veins above the Minto Mine Shear Zone. In SD-22-371, located down-plunge of the intersection in SD-22-373, visible gold was observed in the Minto vein, but assays remain pending.

Table 1– Minto Mine Deposit (refer to Figure 1)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90b4e224-309d-4ade-8eeb-765ce7e5a21c

Red Pine is actively continuing its exploration program. The company is awaiting results from the Surluga North, Surluga South and Jubilee Shear Zone south of the Parkhill Fault.

Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release's technical information.

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees' and contractors' safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol "RDEXF".

The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact: Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Carrie Howes, Director Corporate Communications, (416) 644-7375, chowes@redpineexp.com

1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") announces that its wholly-owned subsidiary, Stannum Metals Corp., on August 22, 2022 signed an agreement to acquire a 100% interest in a private Bolivian incorporated mining company (the "Porvenir Tin Company") from its three shareholders (the "Vendors"). The Vendors are Bolivian nationals and arm's length parties.

The Porvenir Tin Company's main asset is the Porvenir tin-zinc-silver-lead polymetallic mineral Project (the "Property"), or ATE (Temporary Special Authorization), located in the Oruro Department, Bolivia (see Figure 1 for location). The Property was subjected to some small-scale, historic mining and was explored and drilled by Japanese mining company, Dowa Metals and Mining Company ("Dowa") in 2005 (see Figure 2 for Property map and drill locations). In total, Dowa completed 88 diamond drill holes in approximately 25,000 metres ("m") based on the data acquired by the Company from an independent source.

A review of Dowa's historic drill assay results shows they had selectively sampled cores with obvious massive pyrite/sphalerite. Dowa identified more than 19 tin-zinc veins assaying up to 941 grams per tonne silver, 6.34% lead, 28.1% zinc, 10.20% tin, and 500 grams per tonne indium (see Figure 3 & 4 for two drill sections).

Two best historic drill holes are hole PV-41, which intercepted a 15.05 m interval (from 316 m to 331 m) grading 2.04% tin, 2.4% zinc, and 11 grams per tonne silver (Figure 3), and hole PV-01, which intercepted a 6.05 m interval (from 191 m to 197 m) grading 2.27% tin, 3.23% zinc, and 13 grams per tonne silver (Figure 4).

The Company's geologists sampled a 0.5 m long uncut Dowa core with alteration but no obvious sulfide and returned 0.56% tin and 0.34% zinc, suggesting Dowa may have missed tin mineralization intervals that are low in other sulfide mineralization (see figure 5). After closing the acquisition and before being granting a drilling permit by the Bolivia Government, the Company plans to cut, and re-sample Dowa's historical drill cores stored on site.

Major Terms of the Agreement

The Company will pay a total of US$1.75 million to acquire 100% of the Porvenir Tin Company in the following instalments:

Payment of US$750,000 to the Vendors for 51% as an initial, non-refundable down-payment following the signing of the Agreement.

On the first anniversary of signing, Whitehorse Gold will pay a further US$750,000 to the Vendors for the remaining 49% of the Tin Company.

On the second anniversary of signing, a further US$250,000 will be payable to the Vendors.

There is no finders fee payable in connection with this transaction.

Closing of the transaction is subject to regulatory approval, and other conditions as set out in the Agreement.

Figure 1. Location of Porvenir in Bolivia To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/7553/135545_figure1whitehorse1.jpg

At an elevation of approximately 4,100 m, the 11.25 square kilometres (km²) Property is located in the Oruro Department of Bolivia (Figure 1), approximately 25 km Southwest of the Huanuni Mine, the largest tin mine in Bolivia. Access is relatively easy with paved access from Oruro for 60 km and dirt road access for 10 km from the town of Venta Y Media.

The mineralization is hosted within near vertical NNW to NW trending structures which occur within Silurian age (423 - 419 Ma) clasticsediments comprising interbedded and layered units of sandstone and shale. The mineralization comprises a stockwork framework formed by a series of mineralized stringers,

Tin is hosted within cassiterite (SnO2), while sphalerite (ZnS) is the primary zinc mineral, with silver being hosted in tetrahedrite. Quartz, pyrite, siderite, barite, and kaolinite account for the majority of gangue and alteration mineral assemblages.

In 2005 Dowa conducted a 25,000 m, 88 hole diamond drill program (Figure 2) at Porvenir. Five clusters of Dowa drill holes (mineralized zones) were completed by Dowa. Figure 2 shows the Property boundary highlighting the location of the historic drill holes, mineralized zones, and the location of the two cross sections included herein.

Figure 2: Property boundary at Porvenir To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/7553/135545_f962d69ae47cdb81_018full.jpg

Table 1: Historic, Tin (Sn), Zinc (Zn), and Silver (Ag) Mineralized Drill Intercepts

To view an enhanced version of Table 1, please visit: https://images.newsfilecorp.com/files/7553/135545_f962d69ae47cdb81_022full.jpg

Figures 3 and 4 show two NE-SW drill cross sections (A-B and C-D) of historic drilling results (looking NW). In the cross sections, Dowa's drill core samples are marked in black and clearly show selective sampling practice that might have missed tin intervals with low sulfide contents.

Figure 3: Drill cross section A-B To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/7553/135545_f962d69ae47cdb81_023full.jpg

Figure 4: Drill cross section C-D. To view an enhanced version of Figure 4, please visit: https://images.newsfilecorp.com/files/7553/135545_f962d69ae47cdb81_024full.jpg

Figure 5: A 0.5m long section of Dowa core with alteration but no obvious sulfide and returned 0.56% tin and 0.34% zinc from WHG assay testing. To view an enhanced version of Figure 5, please visit: https://images.newsfilecorp.com/files/7553/135545_f962d69ae47cdb81_025full.jpg

Donald J. Birak, independent consultant geologist and Qualified Person as defined under National Instrument 43-101, has conducted a site visit to this Property and has reviewed and approved the scientific and technical information in this news release. As only a limited amount of historic core and no assay samples exist for inspection or resampling, the Qualified Person was not able to validate the historic drill results and the Qualified Person is relying on the historic drill results only as indicative of the style of mineralization on the Property.

Whitehorse Gold is a mineral exploration and development company focusing on tin projects in Bolivia and a gold development project in the Yukon. The company owns 51% of the Porvenir tin project 70 km southeast of Oruro Bolivia, and the right to increase ownership to 100%. The company also has the right to acquire a 100% interest in a second tin project 65 km southeast of Oruro Bolivia. The company also owns 100% of the Skukum Gold project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Skukum Gold project hosts the formerly producing Mt. Skukum high-grade gold mine. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989).

On Behalf of Whitehorse Gold Corp.

signed "Gordon Neal"

Gordon Neal, CEO & Director

For further information please contact: Investor Relations, Whitehorse Gold Corp., Phone: (604) 336-5919 Email: info@whitehorsegold.ca www.whitehorsegold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in this press release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the timing for payments under the Agreement including the acquisition of an initial 51% of the Tin Company and the remaining 100%; that the Project could be successful exploration venture for the Company that the tin market will see further growth; and the timing for receipt of regulatory approvals required under the Agreement; the assembling of a Bolivian drilling team; completion of the confirmation drilling; the acquisition by the Company of the Tin Company pursuant to the terms of the Agreement; and the implementation of the drilling program by the common standards of the best practices best practices of industry..

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: regulatory approvals for the acquisition of the Tin Company; the ability of the Company to finance the acquisition of the Tin Company; the inability or failure of the Company and the Vendors to satisfy the conditions to the completion of the acquisition of the Tin Company; the ability of the Company to integrate the Tin Company into the Company's existing operations; the devotion of management time and resources required to complete the acquisition of the Tin Company; the advancement globally of electrification with decarbonization; current global financial conditions the availability of a Bolivian drilling team and the ability to complete the confirmation drilling within the time permitted under the Agreement; the possibility that the confirmation drilling and future exploration results will not be consistent with the Company's expectations; the ability of Company to obtain the necessary permits and consents required to complete the confirmation drilling; operating in Bolivia including possible expropriation or nationalization without adequate compensation, changing political and fiscal regimes, and economic and regulatory instability, unanticipated changes to royalty and tax regulations, unreliable or undeveloped infrastructure, labour unrest and labour scarcity, difficulty obtaining key equipment and components for equipment, regulations and restrictions with respect to imports and exports; high rates of inflation, extreme fluctuations in currency exchange rates and the imposition of currency controls, the possible unilateral cancellation or forced re-negotiation of contracts, and uncertainty regarding enforceability of contractual rights, inability to obtain fair dispute resolution or judicial determinations because of bias, corruption or abuse of power, difficulties enforcing judgments generally, and in particular those obtained in Canadian courts against assets located outside of those jurisdictions, difficulty understanding and complying with the regulatory and legal framework respecting the ownership and maintenance of mineral properties, mines and mining operations, and with respect to permitting, local opposition to mine development projects, which include the potential for violence, property damage and frivolous or vexatious claims, violence and more prevalent or stronger organized crime groups; terrorism and hostage taking, military repression and increased likelihood of international conflicts or aggression, and increased public health concerns; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; competition; operations and political conditions; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; and dependence on management..

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form for the year ended December 31, 2021 under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

CAUTIONARY NOTE TO US INVESTORS

The technical and scientific information contained herein has been prepared in accordance with NI 43-101, which differs from the standards adopted by the U.S. Securities and Exchange Commission (the "SEC"). Accordingly, the technical and scientific information contained herein, including any estimates of mineral reserves and mineral resources, may not be comparable to similar information disclosed by U.S. companies subject to the disclosure requirements of the SEC.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135545

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Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that the Company's Securityholders (as defined below) approved the previously announced acquisition of Alexco by 1080980 B .C. Ltd. (" 108 "), a subsidiary of Hecla Mining Company ( NYSE: HL ) (" Hecla ") by way of a plan of arrangement (the " Arrangement ") at a special meeting of Securityholders held earlier today (the " Meeting ").

The special resolution approving the Arrangement was approved by (i) 92.04% of the votes cast by Alexco's shareholders (the " Alexco Shareholders ") present or represented by proxy at the Meeting; (ii) 92.92% of the votes cast by Alexco Shareholders, optionholders, restricted share unit holders and deferred share unit holders of Alexco (collectively, " Securityholders "), voting as a single class, present or represented by proxy at the Meeting; and (iii) 91.50% of votes cast by Alexco Shareholders other than votes attached to Alexco shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions .

Under the terms of the Arrangement, Alexco Shareholders will receive 0.116 common shares in the capital of Hecla for each Alexco share held (the " Consideration "). Information regarding the procedure for exchange of shares for Consideration is provided in the Company's management information circular dated July 28, 2022 , related to the Meeting (the " Circular "). The Circular and accompanying letter of transmittal (the " Letter of Transmittal ") are available on SEDAR under the Company's profile on SEDAR at www.sedar.com and on the Company's website at https://alexcoresource.com/investors/special-meeting-of-shareholders/ . If you are a holder of Alexco restricted share units, you will need to wait to submit your Letter of Transmittal until you have received details from the Company following the effective date of the Arrangement regarding your shares of Alexco.

The Arrangement remains subject to approval of the Supreme Court of British Columbia (the " Court ") and the satisfaction or waiver of other customary conditions. On July 27, 2022 , the Commissioner of Competition issued an advance ruling certificate. The Court hearing for the final order to approve the Arrangement is currently scheduled to take place on September 1, 2022 and closing of the Arrangement is expected to close on September 7, 2022 . Following completion of the Arrangement, Alexco's shares are expected to be delisted from the Toronto Stock Exchange and NYSE American. An application is also expected to be made for the Company to cease to be a reporting issuer in the applicable jurisdictions upon closing of the Arrangement.

Additional information regarding the terms of the Arrangement is set out in the Circular which is available under Alexco's profile at www.sedar.com .

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements, which relate to future events or future performance. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements herein include, without limitation, statements with respect to the consummation and timing of the Arrangement; the satisfaction or waiver of the conditions precedent to the transaction; the Consideration to be received by Alexco Shareholders; the expected benefits of the Arrangement; the timing, receipt and anticipated approval of the Court, and of any other regulatory consents and approvals; the delisting of the Alexco shares; and the intention that Alexco will cease to be a reporting issuer. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company, including assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory, Court and other third party approvals; the satisfaction or waiver of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms; the expected adherence to the terms of the arrangement agreement, as assigned and amended (the "Arrangement Agreement") and agreements related thereto; the adequacy of our and Hecla's financial resources; favourable equity and debt capital markets; and stability in financial capital markets. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, among others: the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory, Court, and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee (as defined in the Arrangement Agreement); if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; future prices of silver, gold, lead, zinc and other commodities; market competition; and the geopolitical, economic, permitting legal climate that Alexco and Hecla operate in; and the additional risks and uncertainties identified in Alexco's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com ) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml ). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

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Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to report two major milestones on its Phase 2 Expansion at the ATO Gold Mine.

Steppe Gold's ATO Gold Mine has received relevant approvals from the Ministry of Energy and National Dispatching Center to build and connect a high voltage power line system of 110/35/10 kVand use 10MW from the Dornod Province State Power Plant. This is a major milestone in the Phase 2 Expansion, and a special purpose company Steppe Power LLC has been established to manage the development and connection to the state grid system.

The Company retained a leading global engineering firm to advise on available energy options for the Phase 2 Expansion, including renewable alternatives. Renewable options are generally too expensive at this scale, with traditional energy sources more economic.

With the recent significant rise in fuel prices, connecting to the state grid power system will dramatically reduce projected energy costs by 75%, or from approximately $32M to $8M annually at the Phase 2 Expansion and will reduce expected cash costs by well in excess of $100/oz.

The Company plans to commence the construction of a high voltage power line system in 2023-2024, and the flotation plant should be complete by Q3 2024.

Steppe Gold reports that the Phase 2 Expansion continues to ramp up with the new fixed crusher nearing completion in October.

All equipment for the new crushing unit has arrived via 15 open-top railway wagons and 62 trucks.

Currently, 160 tonnes of equipment have been installed out of a total of 220 tonnes, and installation work is 72% complete.

The new 1,000 tonnes per hour crushing unit consists of 2 jaw crushers, 4 hydraulic cone crushers, 5 vibration screens and 5 vibration feeders, 17 conveyor systems, 3 sets of buffer bins with steel structure, 3 underground buffer bins with steel structure and central control system.

Once operational, the new crushing unit will increase Steppe Gold's current capacity by 4 times, up to 4Mt per annum/ at 50% of its power.

Learn more about our new crushing unit in this video: https://youtu.be/gy4W7ZPW2bU

Fig 1: Fixed Crushing Unit Work in Progress

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6562/135360_c614a577a4613b70_001full.jpg

Fig 2: Fixed Crushing Unit Work in Progress

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6562/135360_c614a577a4613b70_002full.jpg

As of August 20, the Company has mined 3.24 million tonnes, crushed and stacked 2.46 million tonnes @ 1.93 g/t ~ 152,510 ounces on the leach pad and 781,500 tonnes of ore at an average grade of 1.17 g/t on the ROM pad. At an estimated 70% recovery, the total inventory on the leach pad, ROM pad and pit floors is approximately 80,000 ounces of recoverable gold.

The Company has received a new batch of reagents via rail and will increase the rate of production in the coming months.

President and CEO of Steppe Gold, Bataa Tumur-Ochir, commented, "We are pleased to report solid progress on the new fixed crusher, which is a critical step in the Phase 2 Expansion. Despite a challenging period with COVID-related lockdowns in China and continued border closures, we have shipped all heavy equipment and installation work is rapidly advancing.

The Company has over 781,500 tonnes of ore on the ROM pad in addition to 735,000 tonnes of blasted material on the pit floors, and the new crushing unit will significantly increase daily crushing rates at the Phase 1 project in the winter months. We are also delighted to announce government approval to connect to the state grid power system and quota to use 10MW, which will significantly reduce operating costs for the Phase 2 Expansion of the ATO Gold Mine. This is a major milestone for us as we accelerate the major capital items for this next phase.

We also continue to work on optimizing the Phase 2 Expansion through exploration drilling and we plan to announce updates to the mine plan in the coming month or so. We are well advanced with design work on the expansion facilities, and new fuel and chemical storage facilities are complete."

Fig. 3: Leach Pad at ATO Gold Mine with Lift Complete

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Fig. 4: ROM Pad at ATO Gold Mine

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Fig 5: Fixed Crushing Unit Work in Progress

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Fig 6: Fixed Crushing Unit Work in Progress

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Fig 7: Fixed Crushing Unit Work in Progress

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Steppe Gold Limited Steppe Gold is Mongolia's premier precious metals company.

For Further information, please contact: Bataa Tumur-Ochir, CEO and President

Shangri-La office, Suite 1201, Olympic Street19A, Sukhbaatar District 1,Ulaanbaatar 14241, Mongolia Tel: +976 7732 1914

Cautionary Note Regarding Forward-Looking Statements:

The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include, among other things, statements regarding the trading of the Common Shares and business, economic, and political conditions in Mongolia. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135360

News Provided by Newsfile via QuoteMedia

RooGold Inc. ("RooGold" or the "Issuer

RooGold ispleased to report that it has received high-grade gold assays from the first pass prospect sampling at its 100% held Gold Star project (EL 9215) located within the New England Orogenic Terrain in New South Wales, Australia.

Highlights - Gold Star EL 9215

Carlos Espinosa, President & Chief Executive Officer of RooGold commented, "The prospect sampling at our Gold Star Project has returned very high-grade gold assays from the historical workings at Golden Bar and Golden Star prospects. These results confirm the potential for significant gold mineralization. We have identified numerous other highly prospective gold targets within this tenement and our field team is looking to sample as soon as surface access is available."

A total of 65 rock samples were collected in and around the Golden Bar and Golden Star prospects that consist of two NW striking quartz vein systems located approximately 200 meters apart. The highest assay came from float near the historical mine workings returning significantly high grade of 23.1 g/t Au (R00391) from a smokey quartz vein containing mudstone margins and fragments. Two other high-grade samples were returned from smokey quartz veins containing sulfide stringers of pyrite and arsenopyrite in the workings, including assays grading 9.41 g/t Au (R00389) and 6.38 g/t Au (R00379). Additional lower grade, but still significant, assays were reported from the workings, grading 1.63 g/t Au each (R00384 and R00385), see Table 1.

The localization of high grade gold in quartz veins confirms the structurally-controlled nature of mineralization and supports an orogenic model.

Table 1: Significant gold assays from quartz veins at Golden Bar and Golden Star prospects.

Anomalous gold was assayed in several other samples from the prospects, including 11 samples grading in the range of 0.1 g/t Au - 1.0 g/t Au and 14 samples grading in the range of 0.01 g/t Au - 0.10 g/t Au. The remaining 35 samples returned assays lower than the detection limit of less than 0.01 g/t Au.

Other high-grade prospects along a 10 km strike to the south are yet to be sampled, including the Comet and Bull targets, where reports from historic mine workings record an average grade of 36.6 g/t Au.

The Gold Star Project (EL 9215) is located approximately 20 km south of Walcha in the Southern New England region of NSW. Walcha was the highest producing gold field in its region. The discovery of the first payable gold at Golden Star took place in 1870. In 1872 and 1873 additional reefs were found and a small-scale "rush" developed. Historical newspaper extracts at the time report spectacular grades in the area between 445 g/t Au and 840 g/t Au. However, the rush was short lived, the workings were filled in and Golden Star received little exploration since.

To this day, Golden Star remains poorly explored despite widespread historical mining activity. Limited drilling by Balmoral Resources in 1987 (seven holes totaling 199 m) and Tellus Resources in 2014 (eight holes totaling 1,327 m) focused on the immediate area around the Gold Star workings. Returning positive initial drilling results of 1.0 m grading 6.46 g/t Au and 12.0 m grading 0.67 g/t Au, respectively. No drilling or formal modern exploration has been conducted outside of the immediate Gold Star mine area.

Figure 1: Gold Star and Adjacent Dingo Project, showing recent high grade rock chips collected at the Golden Star and Golden Bar prospects by gold g/t and other prospects yet to be sampled.

Quality Assurance and Quality Control (QAQC) and Assay Procedures

A minimum of 3 kg of material per rock chip sample was collected in sealed calico bags by the RooGold field team. Five calico bags containing rock chips were placed in polyweave bags, each one of which was zip-tied to ensure security. The polyweave bags were transported to ALS Orange, Australia for assay testing.

ALS is independent of RooGold and is certified to international quality standards through ISO/IEC 17025:2017, including ISO 9001:2015 and ISO 9002 specifications. At ALS, the rock chips underwent coarse crushing before fine crushing to 70% less than 2mm, then riffle split off 1 kg, followed by a pulverise split to better than 85% passing

Alexandra Bonner has verified the scientific and technical data disclosed in this news release, including the rock chip locations, sampling procedures, and analytical data underlying the technical information disclosed. Specifically, Alexandra Bonner reviewed the original certified assay results from ALS and verified the assay summary table produced for these rock chip samples. RooGold and Alexandra Bonner do not recognize any significant factors of sampling or recovery that could materially affect the accuracy or reliability of the rock chip assay data disclosed in this news release.

The scientific and technical information contained in this news release has been prepared and approved by Alexandra Bonner, Vice President Exploration, who is a Qualified Person as defined in NI 43-101.

ROOGOLD is a Canada-based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of high potential, mineralized precious metals properties in this prolific region of Australia. Through its announced acquisitions of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 14 high-grade potential gold (10) and silver (4) concessions covering 2,696 km2 which have 139 historic mines and prospects.

Belshaw, J.P. and Jackson, L. 1950, Gold Mining Around Walcha. New England University College, Regional Research Monograph No 3. Balmoral Prospecting. (GS1987/087). Kinex. (n.d.). GS1987/087. Tellus Resources. (GS2015/0797).

For further information please contact: Carlos Espinosa, CEO cespinosa@roogoldinc.com

Ryan Bilodeau (416) 910-1440 info@roogoldinc.com

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan","expect", "project", "intend","believe", "anticipate", "estimate" and other similarwords, or statements that certain eventsor conditions "may" or "will" occur.

Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, therecan be no assurance that such expectations will prove to be correct. Such forward-looking statements are subjectto risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

News Provided by ACCESSWIRE via QuoteMedia

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