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Symbol
AIX
Latest
$0.035 +0.000
Volume
26,900
Quote Delayed
Up To 15 Minutes

News Release

ALIX OPTIONS PRIESSAC-LACORNE LITHIUM PROPERTIES TO JOURDAN RESOURCES

May 9th, 2017, Vancouver, BC, Canada –ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that it has negotiated an option agreement with Jourdan Resources Inc. (JOR-TSX:V) (“Jourdan”) whereby Jourdan has the right to acquire up to a 75% interest in Alix’s Preissac-Lacorne Lithium Portfolio (the “Alix Option”).

Jourdan has an option to earn a 75% interest in the Preissac-Lacorne Lithium Portfolio pursuant to the Alix Option, by completing staged payments of cash and shares totaling $125,000, and 1,200,000 Jourdan common shares (each a “Share”) over a two year term, as follows: $50,000 and 600,000 shares on or before May 15, 2017; and $75,000 and 600,000 shares on or before the second anniversary date of the Alix Option agreement. This agreement is subject to TSX Venture approval.

About Alix Resources

Alix Resources is a junior mining 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.

Contact Alix

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