Alix Resources Corp.

Published : April 15th, 2016

ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY

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Keywords :   Australia | Canada | G Mexico | Georgia | Junior | Lithium | Mexico | Silver |

ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY

ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY

April 15th, 2016, Vancouver, BC, Canada - ALIX RESOURCES CORP. ('Alix' or the 'Company') (AIX-TSX:V) (37N-FRANKFURT) is pleased to announce the acquisition of the Fish Lake Lithium brine property ('Fish Lake Property' or the 'Property') located about 250 kms SSE of Reno, Nevada, from arms-length vendors.

The Fish Lake lithium property comprises 12 unpatented placer claims located south of, and adjacent to, Menika Mining Ltd.'s (MML-TSX:V) property in Fish Lake Valley, Esmeralda County, Nevada. The Property has excellent access and logistics, with all-weather gravel roads from Highways 264 and 265. The village of Dyer is approximately 20 kms to the south and the town of Tonopah, the nearest full service center, approximately 75 km to the east.

The Fish Lake property is located approximately 33 kms North-West of the Silver Peak lithium mine in the Clayton Valley, owned and operated by Albemarle Corporation (NYSE: ALB), which has produced lithium minerals from brines continuously since 1966. The Fish Lake Valley has the potential to host lithium brines similar to Clayton Valley, sourced from lithium enriched Tertiary rhyolitic tuffs or ash flow tuffs accumulated in a basinal environment.

The Fish Lake Valley is a high elevation basin with low precipitation, with elevations of 1,200 meters, compared to about elevation of 400 meters for Clayton Valley. Other companies actively exploring in the Fish Valley include Menika Mining Ltd. (in a joint venture with Lithium Corporation) and Nevada Sunrise Ltd. (NEV-TSX:V), on their Atlantis lithium property.

Fish Lake Valley was the site of borax mining during the 1870s by two companies, 'Griffing & Nyman's' and 'Pacific Borax Works. The Company's property covers remnants of an old borax mining operation (possibly Pacific Borax).

President and CEO Michael England commented, 'With the addition of two lithium projects recently, the Jackpot property in Ontario, and the Fish Lake property in Nevada, Alix has taken great strides in expanding its lithium portfolio. We are pleased to be advised and assisted by Aurora Geosciences Ltd., in the advancement of the Fish Lake property. Alix now has lithium projects in Mexico, U.S.A., and Canada and will continue to seek and, if warranted, acquire quality lithium assets for its growing portfolio.'

Terms of the agreement call for Alix to issue 200,000 shares and pay $20,000 USD on the 12 month anniversary and grant a half percent NSR of which the Company can purchase half back at any time for $500,000 USD.

This transaction is subject to TSX Venture approval.

The technical contents of this release were approved by Roger Hulstein, BSc, PGeo, a member of the Association of Professional Engineers and Geoscientists of British Columbia, as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

Alix Resources is a junior mining exploration company focussed on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company. The Company is also exploring the Electra Project in Sonora, Mexico, consisting of two strategically located concessions, contiguous to Bacanora Minerals' Sonora Lithium Project. The Company's Joint Venture partner on the Electra Project is global lithium developer Lithium Australia NL, whom are developing the Sileach™ processing approach for recovering lithium from silicate minerals including spodumene and mica.

ON BEHALF OF THE BOARD
'Michael England'
Michael England, President, CEO, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Neither the 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.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

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Alix Resources Corp.

EXPLORATION STAGE
CODE : AIX.V
ISIN : CA01642R2019
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Alix Res. is a exploration company based in Canada.

Its main exploration properties are DIVIDE and KAMISHAK in USA and WHITE GOLD, RED DEER LAKE, SASKASHEWAN and ARCADIA in Canada.

Alix Res. is listed in Canada. Its market capitalisation is CA$ 19.5 millions as of today (US$ 15.3 millions, € 13.0 millions).

Its stock quote reached its highest recent level on March 11, 2011 at CA$ 3.00, and its lowest recent point on October 27, 2017 at CA$ 0.03.

Alix Res. has 72 170 000 shares outstanding.

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Financings of Alix Resources Corp.
4/27/2011Announces Closing of Over-Subscribed Private Placement
Project news of Alix Resources Corp.
7/20/2011CARIBOU AND ALIX INCREASE LAND POSITION AROUND WELLGREEN PRO...
5/29/2008(Arcadia) to Begin Drilling at Arcadia Property
Corporate news of Alix Resources Corp.
7/28/2016INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES...
7/6/2016ALIX COMPLETES SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM PR...
7/5/2016ALIX APPOINTS DR. MICHEL BOILY TO ITS BOARD OF DIRECTORS
6/30/2016ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEM...
6/9/2016ALIX TO COMMENCE SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM ...
6/5/2016Test News Release
5/18/2016Call on partly paid shares LITCC
4/21/2016ALIX SET OPTIONS
4/15/2016ALIX CLOSES PRIVATE PLACEMENT
4/15/2016ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY
1/22/2016ALIX APPOINTS DR. MICHEL BOILY TO ADVISORY BOARD
11/4/2015Alix to Commence Work on Newly Acquired Project Adjoining Ba...
11/4/2015ALIX ACQUIRES 22,625 HECTARES ADJOINING BACANORA'S "SONORA L...
10/28/2015Alix Acquires 22,625 Hectares Adjoining Bacanora's "Sonora L...
7/8/2015MOVES-AlixPartners appoints Kathryn Koorenny general counsel
10/6/2014Alix Encounters Promising Gold and Copper Values at Sheslay ...
10/22/2013Locates Operating Mill for Testing Bulk Samples From Its San...
3/20/2013High Grade Golden Granite Project Moving Forward
2/19/2013Reports Positive Assays for First Phase of Sampling at Golde...
1/29/2013Completes First Phase of Sampling and Mapping at Golden Gran...
1/16/2013Signs Definitive Agreement for Santa Maria Mine, Site Visit ...
1/8/2013Stakes Additional Land at Golden Granite, Yavapai County, Ar...
11/5/2012Acquires Golden Granite Gold Property, Yavapai County, Arizo...
9/27/2012Review of Cache Gold Property, Nunavut Demonstrates Signific...
9/18/2012Receives Positive Drill Results for the Money Rock / West Po...
7/11/2011Mobilizes Drill to Golden Zone Property, Alaska, for 2011 Pr...
6/14/2011Initiates 2011 Work at Golden Zone Property, Alaska
6/6/2011Caribou Commences Mobilization and Work Programs on Yukon Go...
3/3/2011Signs Drill Contract for 2011 Work at the Golden Zone Proper...
1/31/2011Acquires Yukon Gold, Silver and Base Metal Properties From S...
2/12/2009AND GEO SECURE DRILL PERMITS ON MANITOBA COAL PROPERTY AND A...
11/6/2008and Geo Announce Agreement With NuCoal Energy Corp. For Pros...
7/29/2008ANNOUNCES THE COMPLETION OF FIELD PROGRAM AT FOG LAKE PROSPE...
7/22/2008GEO AND ALIX RESOURCES ANNOUNCE HISTORICAL POTASH HOLE PLUS ...
6/25/2008 gets priority on Saskatchewan coal permits
6/13/2008And Geo Minerals buys potash rights in Saskatchewan
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