American Rivers Fin. Stmts

Alliance Resources PLC
9 November 1999


On 21 October 1999, shareholders of Alliance Resources PLC ('Alliance') were
sent a document concerning a proposed change of American Rivers Oil Company's
state of incorporation from Wyoming to Delaware by merging into the subsidiary
of a new Delaware holding company and and an offer by that new Delaware holding
company to acquire the whole of the issued share capital of Alliance.

That document purported to contain a copy of the Annual Report on Form 10-KSB of
American Rivers Oil Company ('American Rivers') for the fiscal year ended March
31, 1999.  However, the financial statements were inadvertently omitted from the
copy of the Form 10-KSB which was included in the document sent to shareholders.

A copy of these financial statements has today been sent to Alliance
shareholders and copies are available on request from the Registered Office of
Alliance at 12 St James's Square, London SW1Y 4RB.

For further details, contact:

Alliance Resources PLC                      American Rivers Oil Company

Jak Keenan, Chairman and Managing           Karlton Terry, President
Director

4200 E Skelly Drive, Suite 1000             700 East  9th Avenue
Tulsa                                       Denver
Oklahoma 74135                              Colorado 80203
USA                                         USA

Tel: [phone]                       Tel:  [phone]