Mr. Jonathan Armes reports

ALX URANIUM ANNOUNCES LON SHAVER JOINS ADVISORY BOARD -STOCK OPTIONS GRANTED

Lon Shaver has joined ALX Uranium Corp.'s advisory board.

Mr. Shaver has almost 20 years of experience in the Canadian mining sector, including investment banking roles with Raymond James Ltd., Merrill Lynch Canada Inc. and Midland Walwyn Capital Inc., where he completed numerous financing, and merger and acquisition mandates. His corporate experience includes chief financial officer roles with a publicly listed mining company and a private technology company. Mr. Shaver began his career in equity research at Gordon Capital Corp., where he focused on mining and fertilizer companies. He has a BComm degree from Concordia University and holds the CFA designation.

The board of directors has approved the allocation of 1,275,000 incentive stock options to officers, directors, employees, advisers and consultants of the company. Of the shares allocated, 900,000 have been issued to directors and officers. The options are exercisable at 10 cents per share for a period of five years from issuance. The options are subject to the following vesting provisions: one-third of the options will vest immediately, one-third in one year and one-third in two years of the allocation date.