Silver North Resources Ltd. TARSF

ANZ Flow-Through Private Placement... Fully Subscribed

[zack50]

Vancouver, BC - TheNewswire - June 9, 2021 - Alianza Minerals Ltd. (TSXV:ANZ) (OTC:TARSF) ("Alianza" or the "Company") is pleased to announce the non-brokered private placement of 10 million Flow-Through Shares of the Company at a price of $0.12 per flow-through share for gross proceeds to the Company of up to $1.2 million (the "Offering") is fully subscribed and will close shortly.

The net proceeds from the sale of Flow-Through Shares shall be used to increase the size of the Company's Haldane Silver Project drill program in the Keno Hill District, Yukon. Drilling commenced on the Haldane Silver Project in May, and the third hole is underway targeting the West Fault area, expanding recently discovered high-grade silver mineralization (including 4.48 metres averaging 444 g/t silver, 0.15 g/t gold, 1.5% Pb and 1.3% Zn), very similar to other silver deposits in the Keno Hill area.

The closing of the Offering is expected to occur on or about June 14, 2021 and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange (the "TSX-V").

Jason Weber, P.Geo., President and CEO of Alianza commented, "We are very pleased with the support from our shareholders, giving us the ability to expand the current program in a year where drill availability in the Yukon is very limited."