Next door to STB ground Allana is 6 months ahead on...

Next door to STB ground Allana is 6 months ahead on development.

They have just singed joint venture with (“ChinaCo”) one of the largest government-owned exploration and development organizations in China (“ChinaCo”)

http://www.allanaresources.com/docs//july202009.pdf

ALLANA RESOURCES ANNOUNCES JOINT VENTURE WITH GOVERNMENT-OWNED EXPLORATION AND DEVELOPMENT ORGANIZATION IN CHINA AND ANNOUNCES PRIVATE PLACEMENT FINANCING
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
Toronto, Ontario, July 20, 2009 -- Allana Resources Inc. (TSX-V: AAA) (“Allana”or the “Company”), is pleased to announce the signing of a memorandum of understanding setting out the principle terms and conditions of a joint venture between Allana and one of the largest government-owned exploration and development organizations in China (“ChinaCo”) with respect to the financing of exploration works, feasibility study, construction of a solution mine and processing plant and production at Allana‟s Potash project in the Danakil Depression in Ethiopia (the “Joint Venture”).

About Allana Resources Inc.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally and recently optioned a previously explored potash property in Ethiopia with NI 43-101-compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (see News Release Sept. 17, 2008). Allana has approximately 80.2 million shares outstanding and trades on the TSX-Venture exchange under the symbol “AAA”.

AAA MC of $12.32m
STB $5.3m. Here's hoping they may get a phone call from BHP.