On 7 December 2020, Alliance Resources Limited (ASX:AGS) (Company) announced a nonrenounceable rights issue entitling eligible shareholders to subscribe for one new share for every six shares held on the record date of 10 December 2020 at an issue price of $0.17 per share to raise up to approximately $5.052 million (before costs) (Entitlement Offer).

The closing date for the Entitlement Offer was expected to be on 14 January 2021.

The Company wishes to advise that the closing date for the Entitlement Offer has been extended by 8 business days and will now close at 5pm (AEDT Melbourne time) on Wednesday 27 January 2021.

The relevant components of the revised indicative timetable of key dates in relation to the Entitlement Offer are as follows: Entitlement Offer Revised Closing Date Wednesday, 27 January

New Shares quoted on a deferred settlement basis Thursday, 28 January

Allotment and issue of New Shares Wednesday, 3 February

Normal (T + 2) trading starts Thursday, 4 February

Eligible Shareholders with questions about the Entitlement Offer should call the Company on +61 3 9697 9090 between 8.30am and 5.00pm (AEDT Melbourne time), Monday to Friday during the offer period (15 December 2020 to 27 January 2021).

Contact:

Tel: +61 3 9697 9090

Email: info@allianceresources.com.au

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