Mr. Michael England reports

ALIX INCREASES FINANCING

Alix Resources Corp. has increased the amount of the non-brokered private placement of up to five million units at a price of five cents per unit for aggregate gross proceeds of $250,000 announced on Jan. 31, 2017, to seven million units for aggregate gross proceeds of up to $350,000. Each unit will comprise one common share and one transferable share purchase warrant of the company. Each warrant entitles the holder to purchase an additional share at a price of 10 cents per share for a period of 24 months from the date of closing.

Use of proceeds from the financing will include further advancement of the company's Jackpot lithium project in Ontario as well as for general working capital. There are no material facts or material changes not generally disclosed.

Finders' fees will be payable on the private placement, subject to the policies of the TSX Venture Exchange.

The increase to the private placement is subject to TSX-V acceptance.