Mr. Michael England reports

ALIX FINANCING

Alix Resources Corp. has arranged a non-brokered private placement of 13.5 million units at a price of three cents per unit for aggregate gross proceeds of $405,000. Each unit will comprise one common share and one-half share purchase warrant of the company. Each whole warrant entitles the holder to purchase an additional share at a price of six cents per share for a period of 12 months. Proceeds will be used for the company's short-term payables and for general working capital.

The private placement is subject to TSX Venture Exchange acceptance.

Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.