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News Release

Alix And Geo Sign Agreement With Nucoal For Torch River Property In Saskatchewan

 

ALIX AND GEO SIGN AGREEMENT WITH NUCOAL FOR TORCH RIVER PROPERTY IN SASKATCHEWAN

February 4th, 2009, VANCOUVER, B.C.ALIX RESOURCES CORP. (AIX-TSX:V) and GEO MINERALS LTD. (GM-TSX:V) (The “Companies”) are pleased  to announce that, pursuant to their agreement with Nucoal Energy Corp. previously announced on November 5, 2008, Alix and Geo have exercised 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. Coal Prospecting Permits with respect to these Torch River claims have been issued by Saskatchewan Ministry of Energy and Resources.

The Torch River ground represents area covered by 7 townships, 64,512 hectares or 159,344 acres, approximately 98 coal prospecting permits. The ground is adjacent to Weststar (WER-TSX:V) announced “18 metre property” located immediately to the East and adjacent to North American Gem’s (NAG-TSX:V) ground located to the south and west.

As reported, Geo and Alix are well positioned in Saskatchewan, with interests in areas under permit including the Wapawekka Lake area north of Goldsource Mines’ (GXS-TSX:V) recently announced Ballantyne permits; ground adjacent to the North American Gem’s (NAG-TSX:V) Adamas discovery; ground to the north of Goldsource Mines Border property and ground covering the Montreal Lake historical coal intercepts previously announced.

The Torch River interests are in addition to other interests that Geo and Alix also have under agreement with Nucoal, including  coal interests located on the Manitoba side of the Goldsource Mines (GXS-TSX:V) Border property.

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

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

Contact Alix

Local
604-683-3995
Toll-Free
1-888-945-4770
Fax
604-683-3988
Email
info@alixresources.com