Mr. Michael England reports
ALIX AMENDS OPTION AGREEMENT ON POGO PROPERTY
Alix Resources Corp. has successfully entered into an amending agreement with David Wright and Associates (DW&A) as of Aug. 3, 2012, to amend the original option agreement dated Feb. 9, 2010, pursuant to which DW&A granted to Alix an option to acquire all of DW&A's interest (being an undivided 100-per-cent interest) in and to certain mineral claims known as the Pogo property located in the Pogo area of the Goodpaster mining district in Alaska.
Pursuant to the terms of the amending agreement, DW&A granted Alix a 90-day extension to fulfill its third anniversary cash payment and share issuance commitments initially due on or before July 28, 2012. In consideration of the 90-day extension Alix will issue to DW&A an additional 25,000 common shares in the capital of the company such that on or before Oct. 28, 2012, Alix will pay $20,000 (U.S.), originally due on or before July 28, 2012, and issue 105,000 Alix shares, originally 80,000 Alix shares would have been issuable on or before July 28, 2012, to DW&A.
All other terms of the original agreement remain the same.
All transactions contemplated herein are subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.
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