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November 12th, 2013, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (ARXRF-US CLEARING SYMBOL) (37N–FRANKFURT) is pleased to announce that it has entered into an innovative and creative service plan with Ridge Resources Ltd. for upcoming exploratory work on its Windy Property located 15 kilometers north of Cassiar, British Columbia (see news release, November 7, 2013). Pursuant to the plan, Alix will pay Ridge for its services in bitcoins on an ongoing basis and will continue to explore this avenue for funding future endeavours with other service providers.
To explore this model of payment more fully with its other service providers, Alix has also entered into an agreement with a private software vendor to license a Bitcoin exchange to be administered by Alix. Management anticipates that the exchange will be launched in early January 2014.
President and CEO Michael England states, “The growth of popularity in the bitcoin space as an alternate method of payment has led Alix to step into this very exciting market. This transaction is the first of its kind within the Canadian junior mining sector and positions Alix as a participant at an early stage in the global Bitcoin marketplace.”
Bitcoin is a distributed, peer-to-peer digital currency that functions without the intermediation of any central authority. Bitcoin payment processing fees are substantially lower than those of credit cards or money transfers, and while the exchange rate is highly volatile, on average bitcoins have appreciated rapidly in relation to other currencies. Notable recent events include:
· Bitcoin market cap at an all time high
· Bitcoin price broke 52-week highs in recent weeks
· World’s first bitcoin ATM recently unveiled in Vancouver, BC
For more information regarding bitcoin please visit Bitcoin.org.
ON BEHALF OF THE BOARD
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
Some 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.