Mr. Michael England reports

ALIX ISSUED SHARES FOR DEBT SETTLEMENT

Pursuant to the news release dated July 22, 2014, Alix Resources Corp. has issued 5.4 million common shares in the capital of the company to settle debt between the company and Core One Drilling Inc. as per the terms and conditions of the settlement agreement.

The shares are subject to a four-month resale restriction that expires on Nov. 26, 2014.

The company also announces that it will make an application to the TSX Venture Exchange to extend the term of certain of its warrants as set out herein.

An aggregate of 2,975,016 warrants were originally issued in July, 2013, and are exercisable at six cents per common share until 5 p.m. (Vancouver time) on July 31, 2014, such date to be extended to July 31, 2015. The exercise price for the warrants will remain the same.

This warrant amendment has been approved by the board of directors of the company and is subject to the TSX-V approval.