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File: 20170309 Early Warning NewsRelease (Holystone)(FINAL for dissemination) (00107589xC19AE).docx


Early Warning Report Issued Pursuant to National Instrument 62-103 in 
Respect of the Acquisition of Shares of ALX Uranium Corp.

For Immediate Release
Vancouver, BC, March 9th 2017 - In accordance with regulatory requirements, Holystone Energy Company Limited ("Holysto
--->ne") reports that it has recently acquired beneficial ownership and control of common shares (the "ALX Shares") in the
---> capital of ALX Uranium Corp. ("ALX") through the private purchase of a 60% interest in Burkehill Uranium Corp. ("BUC"
--->), a private company, for a purchase price of $1,400,000 (the "BUC Acquisition").  BUC owns, amongst other assets, 5,6
--->35,000 ALX Shares. Certain directors and officers of BUC, whom may be considered to act in concert with BUC, also hold
---> an aggregate of 1,100,000 ALX Shares, an aggregate of 1,000,000 ALX share purchase warrants exercisable @ $0.15/ALX S
--->hare and options to acquire 300,000 ALX Shares exercisable @ $0.135/ALX Share.  Consequently, BUC, together with the j
--->oint actors, owns an aggregate of 6,735,000 ALX Shares, 1,100,000 share purchase warrants of the Issuer and stock opti
--->ons exercisable into 300,000 ALX Shares.  
Prior to the BUC Acquisition, Holystone owned or controlled 12,500,000 ALX Shares, representing approximately 18% of t
--->he outstanding ALX Shares. Upon completion of the BUC Acquisition, Holystone, together with the joint actors, now has 
--->ownership or control over an aggregate of 19,235,000 ALX Shares, representing approximately 27.5% of the outstanding A
--->LX Shares, on a non-diluted basis.  On a partially diluted basis (assuming the exercise of all 1,100,000 share purchas
--->e warrants and 300,000 stock options held by the joint actors), Holystone, together with the joint actors, would have 
--->ownership and control over approximately 29% of the then issued ALX Shares.
The securities acquired by Holystone referred to above are held for investment purposes only.  Holystone may acquire a
--->dditional ALX Shares or dispose of ALX Shares (through market or private transaction) from time to time.
A copy of the related early warning report may be obtained under ALX's profile on the SEDAR website (www.sedar.com) or
---> from Joel Jeangrand at Suite 1400 - 1111 West Georgia Street, Vancouver, BC, Canada V6E 4M3.


HOLYSTONE ENERGY COMPANY LIMITED


"Chen Jiayong"
    
Chen Jiayong
Director



File: 20170309 Early Warning NewsRelease (Holystone)(FINAL for dissemination) (00107592xC19AE).pdf

                            HOLYSTONE ENERGY COMPANY LIMITED
                                         7F, Building A3, No. 1528 Gumei Road
                                           Shanghai, China 200233

                   Early Warning Report Issued Pursuant to National Instrument 62-103 in
                         Respect of the Acquisition of Shares of ALX Uranium Corp.

For Immediate Release

Vancouver, BC, March 9th 2017 - In accordance with regulatory requirements, Holystone Energy Company Limited
("Holystone") reports that it has recently acquired beneficial ownership and control of common shares (the "ALX
Shares") in the capital of ALX Uranium Corp. ("ALX") through the private purchase of a 60% interest in Burkehill
Uranium Corp. ("BUC"), a private company, for a purchase price of $1,400,000 (the "BUC Acquisition"). BUC
owns, amongst other assets, 5,635,000 ALX Shares. Certain directors and officers of BUC, whom may be
considered to act in concert with BUC, also hold an aggregate of 1,100,000 ALX Shares, an aggregate of 1,000,000
ALX share purchase warrants exercisable @ $0.15/ALX Share and options to acquire 300,000 ALX Shares
exercisable @ $0.135/ALX Share. Consequently, BUC, together with the joint actors, owns an aggregate of
6,735,000 ALX Shares, 1,100,000 share purchase warrants of the Issuer and stock options exercisable into 300,000
ALX Shares.

Prior to the BUC Acquisition, Holystone owned or controlled 12,500,000 ALX Shares, representing approximately
18% of the outstanding ALX Shares. Upon completion of the BUC Acquisition, Holystone, together with the joint
actors, now has ownership or control over an aggregate of 19,235,000 ALX Shares, representing approximately
27.5% of the outstanding ALX Shares, on a non-diluted basis. On a partially diluted basis (assuming the exercise of
all 1,100,000 share purchase warrants and 300,000 stock options held by the joint actors), Holystone, together with
the joint actors, would have ownership and control over approximately 29% of the then issued ALX Shares.

The securities acquired by Holystone referred to above are held for investment purposes only. Holystone may
acquire additional ALX Shares or dispose of ALX Shares (through market or private transaction) from time to time.

A copy of the related early warning report may be obtained under ALX's profile on the SEDAR website
(www.sedar.com) or from Joel Jeangrand at Suite 1400 - 1111 West Georgia Street, Vancouver, BC, Canada V6E
4M3.


HOLYSTONE ENERGY COMPANY LIMITED


"Chen Jiayong"

Chen Jiayong
Director