AFG Alliance Financing Grp. Inc. (Tier2)

Alliance Financing Group Inc. (the "Corporation") (TSX VENTURE:AFG) is pleased
to announce that the Ontario, Alberta and British Columbia securities
commissions have revoked the cease trade orders previously issued against the
common shares of the Corporation. The cease trade orders were imposed for
failure of the Corporation to file its audited financial statements and MD&A for
the year ended March 31, 2009. The Corporation has remedied these defaults and
its continuous disclosure record is now up-to-date. The Corporation's common
shares are currently suspended from trading on the TSX Venture Exchange.


In connection with its application to revoke the cease trade orders, the
Corporation was requested to and has restated and refilled its unaudited interim
financial statements for the three and six months ended September 30, 2009 and
the three and nine months ended December 31, 2009 to reflect the write-off of
all goodwill and has also revised and refilled its MD&A for these periods and
for the year ended March 31, 2009 and first quarter ended June 30, 2009 to
provide more comprehensive disclosure.


Management continues to focus on the Corporation's core commercial finance
business, and is actively pursuing new transaction origination in selected
industry verticals. While the commercial finance market continues to face
challenges, including tightened credit policies, and an overall continued
deterioration in the credit and financial profiles of potential customers during
the past calendar year, the Corporation is seeing indications of renewed demand
for financing throughout most sectors; and quoting and new application volumes
have begun to increase.


The board of directors of the Corporation has commenced a strategic review
process to consider and evaluate alternatives to maximize value for
shareholders. The strategic review will encompass an evaluation of the
Corporation's business plan and strategy, market valuation and future prospects,
and consider the appropriateness of the Corporation's business structure in the
current environment, the sale of the Corporation or its businesses, the
recapitalization of the Corporation, or any other viable alternatives
identified. This review is ongoing and the Corporation wishes to emphasize that
there can be no assurance that the strategic review process will result in any
transaction. The Corporation intends to call and hold an annual meeting of
shareholders on or before October 4, 2010.


About Alliance Financing Group Inc.

Alliance Financing is a diversified commercial finance institution that
specializes in providing branded or white labelled asset based financing
solutions, to the SMB (Small to Mid-sized Business) marketplace and to public
sector organizations. Alliance Financing works within a multi- underwriter
business model, providing a comprehensive suite of financing options available
from selected underwriting partners, which include banks, lessors, and other
financial institutions. Its financing solutions are delivered through both
traditional bricks and mortar channels and various Internet channels. Alliance
Financing maintains a "high-tech, human touch" philosophy; utilizing a
combination of proprietary technology - such as its private labelled online
financing tools, selected ASP technologies, and a dedicated staff of finance
professionals to deliver its products and solutions. For more information about
Alliance Financing Group Inc. please visit www.alliancefinancing.com.

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