Mr. Jonathan Armes reports

ALX URANIUM CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

ALX Uranium Corp. has arranged a non-brokered private placement for gross proceeds of up to $355,000. The private placement consists of up to 1.5 million flow-through (FT) units at seven cents per FT unit and up to five million ordinary units at five cents per unit.

Each FT unit consists of one flow-through common share and one-half of one non-flow-through common share purchase warrant in the capital of the company. Each whole share purchase warrant is exercisable into one common share of the company for a period of 24 months from closing at a price of 10 cents per common share.

Each unit consists of one common share and one warrant. Each warrant is exercisable into one common share of the company for a period of 24 months from closing at an exercise price of 10 cents per common share.

Finders' fees may be payable in connection with this private placement.

All the securities issuable will be subject to a four-month hold period from the date of closing.

The proceeds received from the FT units will be used by the company to incur qualified Canadian exploration expenses, and the proceeds raised by the issuance of units will be used for exploration of the company's uranium projects in the Athabasca basin, corporate development, and general and administrative purposes.

We seek Safe Harbor.