Alix Resources Corp.

Published : February 12th, 2009

AND GEO SECURE DRILL PERMITS ON MANITOBA COAL PROPERTY AND ANNOUNCE DRILL DATES

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Contact Financial

Market Alert

GEO MINERALS LTD.

TSX.V: GM

ALIX AND GEO SECURE DRILL PERMITS ON MANITOBA COAL PROPERTY AND ANNOUNCE DRILL DATES

Sector: Mining/Exploration

http://www.contactfinancial.com/newsletter/lib/marketalert/arrow.gifGeo Minerals Ltd. is a Canadian based junior exploration company trading on the TSX Venture Exchange. The Company has a large property inventory in Canada and the United States which allows for year round exploration and increased opportunity for significant discoveries. Geo is presently exploration for coal, potash, copper molybdenum, lead, zinc, silver and uranium.

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6 Month Price Chart

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http://www.contactfinancial.com/newsletter/lib/marketalert/arrow.gifFebruary 12th, 2009, VANCOUVER, B.C. � ALIX RESOURCES CORP. (AIX-TSX:V) and GEO MINERALS LTD. (GM-TSX:V) (The �Companies�) announce that the Companies have received a Work Permit from the Manitoba Conservation Office which allows for the drilling of up to 12 holes on the Red Deer Lake Project adjoining Goldsource Mines (GXS-TSX:V) �Border� Property.  The Red Deer Lake Project is located in west central Manitoba and lies between Goldsource�s Saskatchewan "Border" Property and their "Pine River" Property located in Manitoba.  The Red Deer Lake project is located within the same geological package as Goldsource Mines projected �Durango Coal Trend�.

The Companies have secured a drill and are targeting to mobilize by March 1st, 2009, subject to final approval by the Winnipeg Mineral Titles Branch.

The proposed 12 drill holes are located to test the geological trend of the Cretaceous Mannville Formation from Goldsource�s Durango Coal seam discovery in Saskatchewan. The drill area was chosen as a target by the Companies coal geologist, consultant Terry Massoth, M.Sc., as being a prospective area for shallow intercepts of coal. Mr. Massoth�s coal experience includes work with BHP Minerals where he directed field coal reconnaissance and drilling programs in the western USA and eight Latin America and Caribbean countries; compiled and ranked most highly prospective deposits, and collected samples.

Further backup of the Durango Coal Trend can also be found in a news release by Goldsource on October 3, 2008 in which it states �The company has carried out an extensive review of government historical databases to identify other areas of potential which are located outside the Border property area and along the developing coal trend that appears to be a minimum of 600 kilometres in length throughout eastern Saskatchewan and parts of Manitoba.�

The acquisition of the option on the Manitoba Coal Property was announced in Stockwatch on Nov. 5, 2008, in an agreement with a Saskatchewan-based private company, NuCoal Energy Corp. Alix and Geo have the right to acquire an undivided 60% interest, and up to 80% upon completion of a feasibility study, on the 31,904 hectares (78,836.5 acres) of prospective coal ground.
  
Under the same agreement, the companies have an additional option from NuCoal with ground in the Torch River area of Saskatchewan that adjoins the Weststar Resources (WER-TSX:V) "18 meter" Property. This is an option to acquire an undivided 60% interest, and up to 80% upon completion of a feasibility study, in mineral interests located in the Torch River area of the Province of Saskatchewan.

The Companies are also awaiting the issuance of filed work permits for up to 10 additional holes proposed on the Wapawekka Lake Property in Saskatchewan. 

Geo and Alix now have 250,398 acres covered by Coal Prospecting Permits, with another 159,334 acres in the Torch River area under option from NuCoal, and the Manitoba coal property covering 78,836 acres for a total acreage of 488,568 acres.

The technical contents of this release were approved by Geo Minerals' board member and qualified person as defined by National Instrument 43-101, Marvin Mitchell, PEng.

For further information we invite you to visit us at www.alixresources.com and http://www.geominerals.ca/.

Alix Resources and Geo Minerals are both junior exploration companies actively seeking mineral and energy opportunities for the benefit of all their stakeholders.

ON BEHALF OF THE BOARD

Signed �Michael England�                                             
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release

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Market Data

52-week low/high

$0.88/$0.025

Market Cap

$1.8 Mil.

Shares Outstanding

Cash & Marketables

$500 000

- Basic

28,354,257

Debt

0

- Diluted

36,426,757

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Contact

Chris Gordon

604 689 7422

cgordon@contactfinancial.com

www.contactfinancial.com

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Disclaimer

The Market Alert is a production of Contact Financial Corp. Contact Financial is not responsible for any losses associated with securities or other investment vehicles mentioned in Market Alert. Employees and associates of Contact Financial may or may not hold or be short the securities and/or other investment vehicles discussed herein. Readers of Market Alerts should consult a professional financial advisor before making any investment.

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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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TSX-V (AIX.V)
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