Alix Provides New Data on the Agua Fria Lithium-Rich Clay Zone Within the Electra Project, Sonora, Mexico

DGAP-News: Alix Resources Corp. / Key word(s): Miscellaneous

2016-10-20 / 14:00
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia--(Newsfile Corp. - October 20, 2016) - ALIX
RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ('Alix' or the 'Company') is pleased
to provide a follow-up on the exploration work carried out on the new Agua
Fria lithium-rich clay discovery that constitutes part of the Electra
Project, Sonora, Mexico.

The lithium-bearing sediments have now been traced along strike for
approximately 4.5 km with maximum widths up to 800m.

Results from 35 additional samples yielded values ranging from 235 to 1,190
ppm Li and averaging 625 ppm Li, with three assay values over 1,000 ppm.
The high lithium concentrations are associated with grey and white colored
clay-rich sedimentary beds dipping shallowly to the east and capped with
basaltic flows. This sequence is similar to that found on the nearby La
Ventana property held by Bacanora and REM.

The ongoing work at Agua Fria will help better understand the geological
setting and outline the sites of high-grade lithium mineralization lying
within this important assemblage of lithium-bearing sediments.

Mike England, president of Alix, states: 'We are pleased to have found
higher grades and increased the size of the new Agua Fria discovery and are
very excited to keep advancing the property.'

The technical contents of this release were approved by Michel Boily, PhD,
P.Geo a Qualified Person as defined by National Instrument 43-101. The
properties have not been the subject of a National Instrument 43-101
report.

About Alix Resources

Alix Resources is a junior mineral exploration company focused on seeking
and acquiring world class lithium projects globally. Alix continues to
evaluate suitable prospects that fit the mandate of the Company.

ON BEHALF OF THE BOARD

'Michael England'

Michael England, President, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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.
			

Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/23120

News Source: Newsfile


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2016-10-20 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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     Language:    English               
     Company:     Alix Resources Corp.  
   
   
                  Canada                
     ISIN:        CA01642R3009          
   
   
     End of News    DGAP News Service