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ALIX RESOURCES CORP RECEIVES TSX VENTURE EXCHANGE
APPROVAL FOR THE CHLORIDE PROPERTY OPTION AGREEMENT
January 28, 2008, VANCOUVER, BC. – ALIX RESOURCES CORP. (the “Company”) (AIX-TSXV) (37N – FRANKFURT) is pleased to announce that it has received acceptance from the TSX Venture Exchange in connection with an option agreement to purchase the Chloride Property located in Arizona (the “Property”) from Like-Minded Exploration. This Option Agreement was previously announced in a news release dated October 30, 2007.
In order to acquire a 100% interest in the Property, the Company must make payments to the Optionors of US$515,000 payable over five years and issue a total of 480,000 common shares over three years. Additionally, the terms include a NSR of 2% payable to Like-Minded Exploration, with a provision for the Company to buy back 0.5% for US$1,000,000.
For further information we invite you to visit us at www.alixresources.com.
Alix is a junior mineral exploration company focused on acquiring potential world class properties in North America.