Alliance Resources Ltd. announce assay results for the latest phase of RC drilling completed at the Weednanna Gold Deposit (Weednanna), 40 km north of Kimba on the Eyre Peninsula, South Australia. During May 2020, 41 RC holes for 5,033 metres were drilled at Shoots 2, 5E, 9 and 10 to increase geological confidence in the central area of the deposit. Near-surface drilling at Shoot 10 was completed using a 5 metre by 12.5 metre and 10 metre by 12.5 metre spaced grid to define a Measured resource, whereas deeper drilling at Shoots 2, 5E and 9 was completed using a 20 metre by 25 metre spaced grid to define an Indicated resource. The results from this infill drilling program have continued to validate significant broad and high-grade gold intersections associated with Shoots 2, 5E, 9 and 10, increasing geological confidence in the central area of the deposit in preparation for an updated mineral resource estimate and feasibility studies. Results are based on 1m sample intervals for Au using 40g charge fire assay with AAS finish. The high-grade gold results have been validated by acceptable comparison with 4m composite scoop sample assay results collected prior to 1m sampling. An updated mineral resource estimate for the Weednanna Deposit is expected to be completed during September 2020. One hole was drilled at Shoot 9 for 138 metres, (20WDRC040) to test a gap between significant gold intersections of 10m @ 2.9 g/t Au in 19WDRC012 and 10m @ 5.7 g/t Au in 19WDRC013 which was not successfully drill tested in February 2020 due to difficult drilling conditions. This hole successfully reached target depth and returned a broad gold intersection of: 39m @ 3.5 g/t Au from 99m in 20WDRC040 including 25m @ 4.7 g/t Au from 102m. Drilling at Shoot 10 consisted of 22 holes for 954 metres, (20WDRC033-039, 041-053, 056-057) and focused on defining a near-surface Measured resource detailed in the 2019 Weednanna Scoping Study as a potentially economic shallow open pit mine. The open pit in the Scoping Study was only 120 metres long and designed to approximately 11 vertical metres depth. This drilling continued to define the distribution of near-surface gold with significant intersections including: 7m @ 1.8 g/t Au from 16m in 20WDRC033, and 8m @ 2.6 g/t Au from 20m in 20WDRC043. Shoot 10 generally sits above the northern end of Shoot 5E. A number of holes designed to define the extent of Shoot 10, also tested Shoot 5E. In this area, Shoot 5E occurs within weathered rock and is generally lower grade. Significant gold results returned from Shoot 5E include: 4m @ 5.1 g/t Au from 53m in 20WDRC052, 5m @ 1.2 g/t Au from 50m in 20WDRC056, 4m @ 1.4 g/t Au from 78m in 20WDRC060, and 3m @ 2.8 g/t Au from 58m in 20WDRC064. 18 holes for 3,941 metres were drilled at Shoot 2 (20WDRC054-055, 058-073) to upgrade the underground-mineable areas of this shoot from the Inferred to Indicated resource category by ensuring that the intersection points into each of the ore shoots is no greater than 25 metres by 20 metres apart. This drilling returned best results of: 9m @ 15.3 g/t Au from 67m, including 6m @ 20.6 g/t Au from 69m, including 1m @ 72.0 g/t Au from 69m in 20WDRC058 (Shoot 2), 7m @ 8.1 g/t Au from 85m, including 4m @ 12.6 g/t Au from 86m in 20WDRC067 (Shoot 2), 4m @ 7.0 g/t Au from 73m, including 1m @ 23.5 g/t Au from 75m in 20WDRC055 (Shoot 2HW), and 5m @ 3.4 g/t Au from 88m in 20WDRC068 (Shoot 2). During the May drilling program, several emerging and new gold shoots were intersected by holes drilled to test the host calc-silicate and magnetite skarn below Shoot 2. Significant new and emerging gold shoot intersections include: · 8m @ 20.1 g/t Au from 185m, including 2m @ 72.7 g/t Au from 186m in 20WDRC072 (New Shoot), 7m @ 3.3 g/t Au from 191m, including 2m @ 8.6 g/t Au from 191m in 20WDRC058 (New Shoot), 5m @ 5.1 g/t Au from 221m in 20WDRC063 (Shoot 14), and 4m @ 5.0 g/t Au from 110m, including 1m @ 17.0 g/t Au from 110m in 20WDRC066 (Shoot 14). These drill results are significant because they demonstrate the potential to grow the Weednanna gold resource at depth, with holes 20WDRC058, 20WDRC063 and 20WDRC072 having some of the deepest gold intersections at the deposit to-date.