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August 6, 2010, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) is pleased to announce that the share consolidation of 15:1 has now been completed, having been approved at the Annual and Special Meeting of the shareholders of the Company held on July 27, 2010, and accepted by the TSX Venture Exchange. The consolidation resulted in the number of issued and outstanding shares of the Company being reduced from 79,162,688 common shares without par value to 5,277,512 common shares without par value. The Company retains the same trading symbol, “AIX”, and begins to trade on a consolidated basis on August 6, 2010.
In addition, the Company is pleased to welcome Mr. David Cross of Vancouver, BC, who replaces Mr. Greg Amor as Chief Financial Officer. Mr. Cross is a Certified General Accountant and has a strong accounting background. Currently, he is a partner in the firm of Cross Davis & Company. His past experience consists of senior management positions including five years at Davidson & Company LLP as Manager and before that, he spent six years with Canadian Communication Products as its Assistant Controller. Mr. Cross is a welcome addition to the Company's management team and the Company extends the best to Mr. Amor who plans to focus his attention on other business ventures.
Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of its stakeholders.
ON BEHALF OF THE BOARD
Michael England, President and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Toll Free: 1-888-945-4770
Forward-Looking Statement: Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Alix Resources, Corp. Actual results may differ materially from those currently anticipated in such statements. 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.