North Avebury Nickel Zone Extended by 200 Meters


    SYDNEY, Australia, March 27 /CNW/ --

    Hole A170       5.6 metres </B> 1.2% Ni
    Hole A178       7.0 metres </B> 1.4% Ni
    Hole A181       4.0 metres </B> 1.0% Ni

    Emerging Australian nickel miner, Allegiance Mining NL (ASX Code: AGM )
has expanded the North Avebury Extended nickel ore zone at the Avebury Nickel
Mine located near Zeehan, West Coast Tasmania. Drill results reported here are
located well outside the current resource boundary but sufficiently near to
planned mine openings to provide good ore grades and large tonnages over an
extended mine life.
    Three drillholes, A170, A178 and A181 have extended the North Avebury ore
zone by up to 200 metres below previous depths of drilling:

    1. Hole A170 intersected 5.6 metres </B> 1.2% Ni at least 100m below the
       nearest intercept.
    2. Hole A178 intersected 7.0 metres </B> 1.4% Ni from a wider mineralised
       zone of 17.0 metres averaging 0.9% Ni or 24 metres averaging 0.8% Ni.
    3. Hole A181 intersected 4.0 metres </B> 1.0% Ni at least a further 100
       metres below Hole A178.

    The new areas are accessible from the current mine design which will
provide the drilling platform for infill drilling and reserve definition over
the next 18 months of routine mine development. The North Avebury Deposit
remains open down dip to the east and west. Exploration is continuing.
    Tony Howland Rose, Chairman commented "that these latest drill
intersections demonstrate that the nickel mineralisation extends further north
than previously recognised. This, together with the Pontiac mineralisation
further to the north (see June 2006 quarterly report) opens up a large area
for further exploration. And North Avebury Extended holds the promise of
additional resources at the mine in the near-term - a most welcome result!"
    A full copy of this announcement is available on the Allegiance website.

    For Further Information Contact:

    Tony Howland-Rose, Chairman:
    or +61418-972-112

    Electronic copies of this and other reports are available on our website
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For further information:

For further information: Tony Howland-Rose, Chairman, Allegiance Mining 
NL, +612-9397-7777 or +61418-972-112 Web Site:

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