To enhance the thermal stability of the NiO pinning layers for spin valves, alpha-Fe2O3 layers, of which the Neel temperature is 680 degrees C for bulk, are deposited on NiO layers. With 15-80 Angstrom thick alpha-Fe2O3 layers on NiO layers, an exchange anisotropy field about five times larger than that of NiO/NiFe is obtained after 250 degrees C thermal annealing, Spin valve multilayers with NiO/alpha-Fe2O3 antiferromagnets show about 12% MR ratio. After 150 degrees C annealing, MR ratio changes less than 20% for patterned spin valve multilayers with abutted junctioned hard magnets.