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Symbol
AIX
Latest
$0.035 +0.000
Volume
71,000
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Up To 15 Minutes

News Release

ALIX SELLS GOLDEN ZONE INTEREST

January 22, 2014, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces it has entered into an agreement to sell its 51% interest in the Golden Zone property, Alaska.  The arms-length transaction with Chulitna Mining Company LLC ("Chulitna") calls for Chulitna to assume all outstanding past and present obligations incurred by Alix related to the Golden Zone project. Additionally, a cash payment of $200,000 will be made to Alix upon Chulitna successfully negotiating an assignment of their interest in the property prior to December 31, 2016. Should an assignment not take place by this date the property interest will revert back to Alix free of encumbrances. This sale will allow the Company to have a more directed focus on the recently acquired Windy tungsten project located in BC.

Alix is currently assessing numerous projects in the tungsten sector and looks forward to announcing transactions as they occur.

The Company further announces it has determined to not proceed with its bitcoin initiatives.

Alix Resources Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all its 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.

Statements made in this news release that are not historical facts are "forward-looking statements", and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

Contact Alix

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