Mr. Michael England reports

ALIX ENCOUNTERS PROMISING GOLD AND COPPER VALUES AT SHESLAY SOUTH FORK

Alix Resources Corp. has released results from a preliminary reconnaissance exploration program completed this summer in the Sheslay district in northwestern British Columbia. A crew was mobilized to the area in late June and completed a prospecting and soil sampling program on the South Fork property, which includes the VI and Halt showings, and on the North Cap East and North Cap West properties. Alix also holds the North Hackett claims, contiguous to the northeast boundary of Doubleview Capital Corp.'s Hat copper-gold porphyry discovery.

The program has confirmed, enhanced and expanded the original 1982 Halt soil geochemical gold and copper anomalies, and additional exploration is planned to define the extent and source of the anomalies for coming drill targets.

A soil sample grid near the Halt showing within the South Fork property, consisting of 49 samples, returned anomalous gold values up to 106 parts per billion and copper up to 193 parts per million. A total of six samples returned greater than 40 parts per billion gold. Line 400+0mN (at 6347600mN) returned up to 106 parts per billion gold with an average of 44 parts per billion over 900 metres east-west. Line 800+0mN (at 6348000mN) returned up to 43 parts per billion gold with an average of 25 parts per billion over 700 metres east-west. Samples were taken every 100 metres along a series of east-west soil geochemistry lines spaced 400 metres apart, just north of the Halt showing (Minfile No. 104J 058).

A limited soil sampling program on the northern portion of the property returned an anomalous sample containing 56 parts per billion gold and 158 parts per million copper. Six out of 10 total samples returned an excess of 100 parts per million copper, and, of those, three samples returned greater than 150 parts per million copper, with a peak value of 193 parts per million.

Gold values over approximately 40 parts per billion gold and/or copper values over approximately 100 parts per million are considered to be significantly anomalous.

Maps illustrating the soil geochemistry results may be found at the company's website.

Note: Soil anomaly widths are not necessarily indicative of mineralization in bedrock. However, the extent of the gold and copper values is interpreted to be very encouraging.

Limited outcrop sampling of eight rock samples was also conducted on the three properties; however, sampling was hindered due to snow cover, and no anomalous values were returned. Soil sampling on the North Cap properties was very limited, and no anomalous values were returned. Carbonate alteration was noted on the North Cap West property. Additional exploration on the North Cap properties is warranted and planned.

About the South Fork property

The Halt geochemical anomaly, located within the eastern area of the South Fork property, is interpreted to be underlain by basalt flows, ryholitic flows, tuffs and breccias, which have been silicified and clay altered. The previous (1982) work indicated anomalous soil samples, which returned a high of 75 parts per billion for gold and 160 parts per million parts per million for copper (geological and geochemical report on the Halt property, 1982, Minfile No. 10423, 27 pages) from samples taken in an east-west direction along the Tahltan River, and north-south along a small tributary. Based on 17 soil samples, the previous work indicated a gold anomaly threshold of 40 parts per billion and 100 parts per million for copper. The Halt gold-and-copper soil geochemical anomaly is only one kilometre to 1.5 kilometres from the deactivated Golden Bear access road.

The VI showing, located centrally within the claim block, is interpreted to be underlain by Upper Triassic Stuhini group feldspar porphyry, augite porphyry basalt flows, tuff and argillite that have been intruded by a Late Triassic and Early Jurassic diorite to granodiorite stock. A historic float sample from the east side of Canyon Creek consisted of feldspar-porphyritic volcanics with disseminated pyrite, pyrrhotite and chalcopyrite and a copper value of 2,290 parts per million (British Columbia, Minfile No. 21209).

Outcrop exposure is limited away from the banks of the Tahltan River. A peak gold value of 106 parts per billion gold was returned and six samples were over 40 parts per billion gold, considered to be significantly anomalous for gold, with over 100 parts per million copper. The east-west soil geochemistry line at 6437600N averaged 44 parts per billion gold over a width of 900 metres, and, at 6438000N, it averaged 25 parts per billion gold over a width of 700 metres.

About the North Cap properties

The geology of the North Cap West property consists of Upper Triassic Stuhini group feldspar porphyry, augite porphyry basalt flows, tuff and argillite in the southern portion of the claim block, which is overlain by basalt flow and fragmental units of the Miocene to recent Level Mountain formation in the north. Much of the southern boundary of North Cap West is contiguous to Garibaldi Resources Corp.'s Grizzly West porphyry target, which is actively being explored.

The North Cap East property is predominately underlain by Miocene-to-Pleistocene-aged Level Mountain basalt. The southern boundary of the North Cap East property is contiguous to Prosper Gold Corp.'s Star copper-gold porphyry project and is approximately 2,000 metres from the Star North target.

All properties are 100 per cent owned by Alix and comprise a portion of the company's large Sheslay holdings in this rapidly emerging copper-gold porphyry district.

The technical contents of this release were approved by Case Lewis, PGeo, director of Alix and a qualified person as defined by National Instrument 43-101. The properties have not been the subject of an NI 43-101 report, and Mr. Lewis has not verified the technical data disclosed in this release.