Alix Resources Corp.

Published : July 28th, 2016

INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES, RETURN UP TO 2.86 WT % LI2O

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INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES, RETURN UP TO 2.86 WT % LI2O

INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES, RETURN UP TO 2.86 WT % LI2O

July 28, 2016, Vancouver, BC, Canada - ALIX RESOURCES CORP. ('Alix' or the 'Company') (AIX-TSX:V) (37N-FRANKFURT) is pleased to report the results from its due diligence program on three properties of the Company's large Preissac-La Corne portfolio in the Abitibi Greenstone Belt of Quebec. As previously reported (PR of July 6, 2016) a total of 12 granitic pegmatite samples were collected from the properties and submitted to ALS Chemex for assaying. Lithium oxide (Li2O) varied from 0.01% to 2.86 wt. %. Alix Resources claims are located near the past producing Quebec Lithium Mine which was recently purchased by the Chinese-based Jilin Jien Nickel Industry Co. ('Jilin').

  • International Lithium Property - Mineralization consists of spodumene-rich sub-horizontal, irregular dikes located in Figuery township (NTS 32D08). Surface samples were collected and returned an average of 2.41 % Li2O with above-limit tantalum concentrations (>100 ppm) as well. Historic drilling carried out by International Lithium Corp. in the 1950s, delineated a 3.7-metre-thick, 119 by 104 m area providing a historical resource estimate of 135,000 t at 0.95 wt. % lithium oxide (Li2O) (source: RP 446; MERQ).*
  • Duval Lithium Property - Situated in the La Motte township (NTS 32D8), the Duval property mineralization is contained within two granitic pegmatite dikes (182 to 259 m long by two to three m- thick), rich in spodumene (Li) with accessory tantalite (Ta) and Beryl (Be). Collected surface samples averaged 0.43 wt. % Li2O with values ranging from 0.02 wt. % to 0.82 wt. % Li2O. The Duval property area has a historical resource estimates were 75,000 t at 1.45 wt. % Li2O (source: RG160; MERQ).*
  • La Motte Lithium Property - Geological reports on the property located in the La Corne township (NTS 32D08), indicate granitic pegmatites dikes, 0.60 to 1.20 m thick, containing 15 to 30 % spodumene accompanied by beryl. Historical Diamond drilling generated key assays of 1.65 wt.% Li2O /1m, and 1.12 wt. % Li2O/1.32 m, respectively (source: GM 03089; MERQ). Selected surface samples show values ranging from 0.65 wt. % to 1.58 wt. % Li2O with an average of 1.22 wt. % Li2O.

Mike England, President and CEO of Alix Resources, commented, 'We are pleased to receive confirmation of the strong lithium values from the three properties sampled. The Company is looking forward to complete more extensive exploration activities on this large claim group in the Preissac-Lacorne area of Quebec, one of the world's most productive terranes for Li ± Ta ± Be mineralization'.

The technical contents of this release were approved by Michel Boily, PhD, P.Geo a Qualified Person 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 focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company. The Company now has active lithium projects in Nevada, Mexico and Ontario.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

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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Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

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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