Golden Alliance Files NI 43-101 Report for Rio Tabaconas Gold Project

Golden Alliance Resources Corp. (TSX-V: GLL; OTC Other: GLNCF) announced in a press release out today that on October 18, 2011 the Compny filed with SEDAR a National Instrument (“NI”) 43-101 technical report in support of future exploration at its Rio Tabaconas project in Peru.

The new NI 43-101 report is based on a compilation of all available technical and related information and recommends a two-phase drilling program the first phase of which is estimated at CDN$2.0 million and includes concurrent programs of reclamation and rehabilitation of drill areas and access trails. In addition, the report recommends that the community relations programs initiated by the Company with the various stakeholders are continued and expanded.

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