Mr. Michael England reports

ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY

Alix Resources Corp. has acquired the Fish Lake lithium-brine property located about 250 kilometres south-southeast of Reno, Nev., from arm's-length vendors.

The Fish Lake lithium property comprises 12 unpatented placer claims located south of, and adjacent to, Menika Mining Ltd.'s property in Fish Lake Valley, Esmeralda county, Nevada. The property has excellent access and logistics, with all-weather gravel roads from highways 264 and 265. The village of Dyer is approximately 20 km to the south and the town of Tonopah, the nearest full-service centre, is approximately 75 km to the east.

The Fish Lake property is located approximately 33 km northwest of the Silver Peak lithium mine in the Clayton Valley, owned and operated by Albemarle Corp., which has produced lithium minerals from brines continuously since 1966. The Fish Lake Valley has the potential to host lithium brines similar to Clayton Valley, sourced from lithium enriched Tertiary rhyolitic tuffs or ash flow tuffs accumulated in a basinal environment.

The Fish Lake Valley is a high-elevation basin with low precipitation, with elevations of 1,200 metres, compared with elevation of about 400 m for Clayton Valley. Other companies actively exploring in the Fish Valley include Menika Mining (in a joint venture with Lithium Corp.) and Nevada Sunrise Ltd., on its Atlantis lithium property.

Fish Lake Valley was the site of borax mining during the 1870s by two companies, Griffing & Nyman's and Pacific Borax Works. The company's property covers remnants of an old borax mining operation (possibly Pacific Borax).

President and chief executive officer Michael England commented: "With the addition of two lithium projects recently, the Jackpot property in Ontario and the Fish Lake property in Nevada, Alix has taken great strides in expanding its lithium portfolio. We are pleased to be advised and assisted by Aurora Geosciences Ltd. in the advancement of the Fish Lake property. Alix now has lithium projects in Mexico, the United States and Canada, and will continue to seek and, if warranted, acquire quality lithium assets for its growing portfolio."

Terms of the agreement call for Alix to issue 200,000 shares and pay $20,000 (U.S.) on the 12-month anniversary and grant a 0.5-per-cent net-smelter-return royalty, of which the company can purchase half back at any time for $500,000 (U.S.).

This transaction is subject to TSX Venture Exchange approval.

The technical contents of this release were approved by Roger Hulstein, BSc, PGeo, a member of the Association of Professional Engineers and Geoscientists of British Columbia, as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

We seek Safe Harbor.