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Alliance Financing Group Inc.

FOR IMMEDIATE RELEASE
(TSX-V:AFG)

Canada's largest independent mortgage originator announces agreement with Alliance Financing Group that will allow Alliance to offer Mortgage Origination Services to its Canadian clients.

Toronto - March 3, 2003

Toronto, March 3, 2003 - The Mortgage Alliance/MPH Group (TMACC), Canada's largest independent mortgage originator, with a network of more than 550 professionals across the country, and Alliance Financing Group (AFG) (TSX Venture Exchange symbol "AFG") announced today a strategic partnership that will allow AFG to offer TMACC's unique mortgage services and processes as part of AFG's suite of financial products available to Canadian small businesses and consumers.

By partnering with TMACC, AFG will be able to offer a choice of many mortgage products from many different lenders, the convenience of fast on-line approvals and the benefit of the best available mortgage rates. AFG's customers, and its sales channel partners' customers will have the ability to work with different mortgage calculators, view live up to the minute rates and the ability to find information on a variety of different mortgage questions. The TMACC offering blends the latest in technology with the guidance of a mortgage professional to create the best possible experience for mortgage shoppers.

"The combination of technology and human interaction is what consumers want", said TMACC Executive Vice President Mike Beckette. "It allows us to deliver a valuable service just the way the consumer wants it. Many companies or associations seeking ways to add value to their existing customers, employees or constituents see us a valuable, integrated mortgage solution. This affords us a competitive advantage in the Canadian mortgage marketplace."

Michael Maurer, President of Alliance Financing Group, said "Over the years, Alliance Financing Group has built a reputation within the Canadian small to mid-sized business community that is based on diverse financing products, excellent rates, high approval ratios and outstanding customer service. The inclusion of TMACC's mortgage products and services is a natural fit." "We have found that Canadian business owners prefer wherever possible to deal with a single trusted source for not only their business financing needs, but also for their personal needs" continued Mr. Maurer. "By offering TMACC's products and services, we are able to bring even more value to our end-user customers, as well as our sales channel partners, and their customers".

About The Mortgage Alliance/MPH Group

The Mortgage Alliance/MPH Group, known as "Canada's Mortgage Authority", is the country's premier independent mortgage originator with more than 550 professional mortgage consultants coast-to-coast. The company is viewed as the major contributor to the growth of the intermediary service model in Canada's mortgage industry. The full-service company provides consumers with choice, convenience and counsel for all their credit and mortgage needs. For more information about The Mortgage Alliance/MPH Group, please visit. www.tmacc.com or www.multi-prets.com

About Alliance Financing Group Inc.

Alliance Financing is a diversified commercial finance institution that specializes in providing financing solutions, including leasing, term lending, working capital products and structured finance/investment banking, primarily to the SMB (Small to Mid-sized Business) marketplace. Alliance Financing works within a multi-underwriter platform, providing a comprehensive suite of financing options available from selected underwriting partners, which include banks, lessors, and other financial institutions. Its solutions are delivered through 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 labeled online financing tools, selected ASP technologies, and a dedicated staff of finance professionals to deliver its products and solutions, through various channel partners as well as directly to its end-user customers. For more information, please visit www.alliancefinancing.com or www.yourfinancesource.com.

For more information contact;

The Mortgage Alliance Company of Canada
Michael Beckette
Executive Vice President
416-399-5275
mbeckette@tmacc.com

The Mortgage Alliance Company of Canada
Laura MacLennan
Vice President Business Development
416-723-7970
lmaclennan@tmacc.com

Alliance Financing Group Inc.
Michael Maurer
President
905-660-3660 ext. 222
michael@alliancefinancing.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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