Alix Resources Corp.

Alix Resources Corp.

March 12, 2014 06:00 ET

Alix Acquires Sheslay Valley Claims Adjoining Doubleview's Hat Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 12, 2014) - ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) announces it has acquired 460 hectares of claims adjoining the eastern border of Doubleview Capital Corp.'s Hat property in the Sheslay Valley district of northwest British Columbia.

"Alix continues to strengthen its land position in the Sheslay region," stated Mike England, President of Alix Resources. "We will be watching Doubleview's upcoming drill program next door to us with great interest as we continue to review technical data in preparation for work programs commencing shortly in this prolific district."

To acquire a 100% interest in these claims, called "Hackett North", the Company will issue 650,000 shares and pay $5,000 cash. This acquisition is subject to approval of the TSX Venture Exchange.

Further to the news release dated February 27, 2014, the Company would like to amend the wording to read that it has granted a total of up to one million stock options to consultants and directors of the Company, exercisable at a price of five cents per share for a period of five years from the date of grant. The options have been granted in accordance with the company's stock option plan.

The Company further announces it has decided not to proceed with the Windy project (see November 7, 2013 news release) and the Golden Granite-Homestake projects (Arizona) as it will be focusing 100% of its efforts on the Sheslay Valley region.

With the addition of Hackett North, Alix now controls 89.5 sq. km in the Sheslay Valley, making the Company the second-largest landowner among juniors in this rapidly emerging camp. For an updated map showing Alix's strategic move into this exciting area, please visit the following web site URL:

The technical contents of this release were approved by Dr. Dave Hedderly-Smith, Ph.D., P.Geo., technical advisor to Alix and a Qualified Person as defined by National Instrument 43-101.

Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at


Michael England, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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