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 February 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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