Mr. Mike England reports

ALIX ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT OFFERING

Alix Resources Corp., further to its news releases dated April 16, April 28, May 26 and June 29, 2015, has completed a second tranche of a non-brokered private placement of 15 million units at a price of five cents per unit for gross proceeds of $750,000. Each unit consists of one common share and one share purchase warrant of the company. Each warrant will entitle the holder to acquire one share of the company at a price of six cents per share for the 60 months from the date of issuance.

Gross proceeds of the second tranche were $37,500.

The company paid a cash commission to the finders totalling $3,750 and issued 75,000 finders' warrants exercisable for 12 months at five cents.

The shares and warrants issued pursuant to the private placement, and any shares issued on exercise of the warrants, are subject to a four-month resale restriction that expires on Nov. 16, 2015.

The TSX Venture Exchange has conditionally accepted the private placement and has granted an extension from the previously announced (see news release dated June 29, 2015) extended closing date of July 15, 2015, to July 31, 2015.

The proceeds raised will be used for general working capital.