Alliance Financing Group Announces Temporary Cease Trade Order

TORONTO, ONTARIO--(Marketwire - Aug. 12, 2009) - Alliance Financing Group Inc. (TSX VENTURE:AFG) (the "Corporation") announces that a temporary Cease Trade Order has been issued by the Ontario Securities Commission on August 5, 2009 for failing to file the March 31, 2009 year end audited financials statements and the accompanying management's discussion and analysis. As a result of this temporary Cease Trade Order, effective August 5, 2009 the TSX Venture Exchange suspended trading in the Corporation's shares. The Corporation is taking steps to complete the year end filings.