Alianza Minerals : Drills 818 g/t silver over 1.78 m (true width) at Haldane Project, Keno Hill District, Yukon Territory

• Intersection within an 8.72 m (true width) fault zone averaging 311g/t silver
• West Fault target mineralization open in all directions
• Step-out drilling at West Fault and Middlecoff planned for spring program

Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) ('Alianza' or the 'Company') is pleased to report results of the Phase One diamond drilling program at the Company's wholly-owned Haldane silver property located in the historic Keno Hill Mining District of Yukon Territory. Holes HLD20-18 and -19 targeted the West Fault target, with both holes intersecting silver mineralization including a core length of 16.15 metres (estimated true width 8.72 m) averaging 311 g/t silver, 0.89% lead and 1.13% zinc (389.7 g/t silver-equivalent*). This includes a high grade intersection of 818 g/t silver, 3.47% lead and 1.03% zinc (980.1 g/t silver-equivalent) over 3.3 metres (1.78 m estimated true thickness). The 8,579 hectare Haldane Property is located 25 kilometres west of Keno City, YT in the western portion of the Keno Hill Silver District. Alianza completed the late-season drilling program in early December of 2020. Results from the remaining two holes of this program testing the Middlecoff target are pending.

'The breadth and tenor of silver mineralization encountered at the West Fault which Alianza had not drilled previously, indicates that this target, and the Haldane property in general, has the potential to host silver deposits comparable to others in the greater Keno District,' stated Jason Weber, P.Geo, President and CEO of Alianza. 'With these results, the West Fault is proving to be a robust structure with both high-grade silver and substantial width. The West Fault will absolutely be a target of our drilling campaign in 2021.'

The 2020 program at the West Fault was designed to follow up on a 2011 intersection of 320 g/t silver, 1.1 g/t gold and 0.7% lead over 2.20 metres obtained by a prior operator. HLD20-19 intersected 16.15 metres of heavily broken and faulted mineralization in the vein structure and adjacent footwall crackle breccia. HLD20-19 intersected the target 39 metres on strike and 55 metres down dip of the 2011 intersection. Much of the structure is heavily fractured and broken but fragments of sulphide vein (galena, sphalerite +/- sulphosalts) in a manganese carbonate and siderite matrix are evident. This is most apparent in a 4.48 m (true width) intersection averaging 444g/t silver, 1.54% lead, and 1.34% zinc. Based on the modelled orientation of the West Fault Vein, management estimates the true thickness of the HLD20-19 intersection at 54% of the core length.

HLD20-18 tested the West Fault 18 metres along strike and 27 metres down dip of the 2011 hole. HLD20-18 returned 96 g/t silver, 0.15% lead and 0.73% zinc over 3.73 metres (true width) from a well-defined structure.

The West Fault structure, as interpreted from structural lineaments, is over 1,750 m in strike length. Drilling to date has successfully intersected the West Fault over a fraction of this strike length and the target remains open in all directions. The high grade results from HLD20-19 now allow for additional vectoring along possible high grade ore-shoot orientations.

2020 Significant Drill Intersections - West Fault Target

Hole	From (m)	To (m)	Core Length (m)	Estimated True Width (m)	Silver (g/t)	Gold (g/t)	Lead (%)	Zinc (%)	Silver-Equivalent (g/t)*
HLD20-18	246.85	248.00	6.80	3.73	96	0.15	0.15	0.73	140.1
HLD20-19	225.50	226.01	0.51	0.28	226	0.02	4.61	25.90	1346.6
	246.85	263.00	16.15	8.72	311	0.11	0.89	1.13	389.7
including	252.00	260.30	8.30	4.48	444	0.15	1.54	1.34	554.0
including	257.00	260.30	3.30	1.50	818	0.20	3.47	1.03	980.1