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ALIX SIGNS AGREEMENT FOR CLAIMS ADJOINING FIRST GOLD EXPLORATION INC.'S RARE METALS PROPERTY IN QUEBEC
January 22, 2010, VANCOUVER, B.C. - ALIX RESOURCES CORP. ("Alix" or the "Company") (AIX-TSX:V) (37N-FRANKFURT) is pleased to announce it has entered into an agreement to acquire a 100% interest in ground applied for adjacent to First Gold Exploration (TSX-V.EFG) Pivert/Rose Property.
The three separate claim groups are attached First Gold's Pivert/Rose Property, bordering on the North, Northeast and East. The three claim blocks total approximately 920 hectares. The ground has been applied for through GESTIM and the applications have been paid and the applications have been acknowledged as received by the Quebec Ministere des Ressources Naturelles et de la Faune.
The claims applied for cover the same general geology as ground owned by EFG as outlined on the GESTIM online staking service.
Terms of the deal call for Alix to pay the vendor a total of $50,000 and 2 million shares of the company on claim application approval and TSX Venture approval.
First Gold Exploration has announced January 21, 2010 the following results from the Pivert/Rose Property:
Non-chosen grab sample No. 430917:
* 4.6 per cent Li2O;
* 390 grams per tonne rubidium;
* 51.4 g/t tantalum;
* 67.7 g/t niobium;
* 106.5 g/t gallium;
* 90 g/t beryllium.
Non-chosen grab sample No. 430918:
* 3.17 per cent Li2O;
* 1,290 g/t Rb;
* 44.3 g/t Ta;
* 72.6 g/t Nb;
* 92.9 g/t Ga;
* 65.1 g/t Be.
President Mike England states "We are very excited about the prospects this opportunity presents to us in a region that has garnered much recent market attention in the very hot rare earth elements market."
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:
Telephone: 1-604-683-3995
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.
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