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Alix Sells Yukon Interest To PartnerALIX SELLS YUKON INTEREST TO PARTNER
January 12, 2010, VANCOUVER, B.C. - ALIX RESOURCES CORP. ("Alix" or the "Company") (AIX-TSX:V) (37N-FRANKFURT) announces, subject to regulatory approval, the Company has sold its 50 percent interest in the Mount Stewart Project located in the White Gold Area, Yukon to its 50% JV partner Cloudbreak Resources Ltd. (CDB-TSXV).
Cloudbreak will pay Alix $125,000 and issue 4 million common shares of the Company to acquire Alix Resources' 50 percent interest on the Mount Stewart Project (comprised of the BRC, Strike, Au and Lucky quartz claims). The complete mineral claim package totals 170 quartz claims and covers approximately 3,400 hectares.
The transaction is subject to TSX Venture approval.
Alix is currently reviewing new potential property acquisitions as well as assessing work programs for current properties in its portfolio.
Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.
ON BEHALF OF THE BOARD
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
Neither 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.