Mr. Michael England reports

ALIX CLOSES FIRST TRANCHE FT FINANCING AND CLOSES NFT FINANCING

Further to its news releases dated Feb. 3, 2017, Jan. 31, 2017, and Jan. 24, 2017, Alix Resources Corp. has completed the first tranche of a non-brokered flow-through private placement of 2,585,000 units at a price of seven cents per unit for gross proceeds of $180,950. Each flow-through unit consists of one flow-through common share and one-half non-flow-through share purchase warrant of the company. Each whole warrant will entitle the holder to acquire one share of the company at a price of 10 cents per share for a period of 24 months from the date of issuance.

The company paid a cash commission to the finders on the flow-through financing totalling $14,476, issued 129,250 finder shares and issued 129,250 finder warrants exercisable for 12 months at seven cents. The shares and warrants issued pursuant to the private placement, and any shares issued on exercise of the warrants, are subject to four-month resale restriction that expires on June 10, 2017.

Additionally, the company has also completed the non-brokered non-flow-through private placement of 7,915,000 units at a price of five cents per unit for gross proceeds of $395,750. Each non-flow-through 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 10 cents per share for a period of 24 months from the date of issuance.

The company paid a cash commission to the finders on the non-flow-through financing totalling $18,950, issued 171,250 finder shares and issued 276,250 finder 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 four-month resale restriction that expires on June 10, 2017.

The company has received conditional approval for the private placements from the TSX Venture Exchange.

About Alix Resources Corp.

Alix Resources is a junior mining exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the company. The company now has active lithium projects in Mexico, Ontario and Quebec.