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File: AIX - News release re issuance of shares & warrant extension July 25-14.docx

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Suite 1220, 789 West Pender St. Vancouver, British Columbia Phone:  604-683-3995/ Toll Free: 888-945-4770/Fax:  604-68
--->3-3988

ALIX ISSUED SHARES FOR DEBT SETTLEMENT
July 25, 2014, VANCOUVER, B.C. - ALIX RESOURCES CORP. ("Alix" or the "Company") (AIX-TSX:V) (37N-FRANKFURT) announces 
--->that, pursuant to its news release dated July 22, 2014, the Company has issued 5,400,000 common shares (the "Shares") 
--->in the capital of the Company to settle debt between the Company and Core One Drilling Inc. as per the terms and condi
--->tions of the settlement agreement. 
The Shares are subject to a four-month resale restriction that expires on November 26, 2014.
The Company also announces that it will make an application to the TSX Venture Exchange (the "TSXV") to extend the ter
--->m of certain of its warrants as set out below. 
An aggregate of 2,975,016 warrants were originally issued in July 2013 and are exercisable at $0.06 per common share u
--->ntil 5:00 p.m. (Vancouver time) on July 31, 2014, such date to be extended to July 31, 2015. The exercise price for th
--->e warrants will remain the same. 
This warrant amendment has been approved by the board of directors of the Company and is subject to the TSXV approval.
Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all our stake
--->holders. For further information we invite you to visit us at www.alixresources.com.

ON BEHALF OF THE BOARD
     
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.