The TSX Venture Exchange has accepted for filing an amended and restated option agreement among Alix Resources Corp. and David Lajack, Daniel Lajack and John Duncan dated March 15, 2013. Under the agreement the company has an option to acquire up to a 100-per-cent interest in the Golden granite property located in Yavapai county, Arizona. In order to exercise the option, the company must:

• Pay to the vendors $12,000 (U.S.) and issue 300,000 common shares on the closing date;
• Pay to the vendors $15,000 (U.S.) and issue 600,000 common shares on or before the date that is 12 months from the closing date;
• Pay to the vendors $33,000 (U.S.) and issue 900,000 common shares on or before the date that is 24 months from the closing date;
• Pay to the vendors $60,000 (U.S.) on or before the date that is 36 months from the closing date;
• Pay to the vendors $120,000 (U.S.) on or before the date that is 48 months from the closing date.

The agreement is subject to a net smelter return royalty of 2 per cent in favour of the vendors. The company may buy back 1 per cent of the NSR on payment of $2-million (U.S.).

Insider:  David Lajack is a director of the company.

For further information please see the company's news releases dated Nov. 5, 2012, and Feb. 22, 2013, which are available under the company's profile on SEDAR.