Mr. Warren Stanyer reports

ALX RESOURCES CORP. UPDATE ON LITHIUM EXPLORATION PLANS, JAMES BAY REGION, QUEBEC

ALX Resources Corp. has provided an update on its 2023 prospecting program at its Hydra lithium project located in the James Bay region of the province of Quebec, Canada. The focus of the program is to explore for LCT-type (lithium-cesium-tantalum) pegmatites by way of systematic prospecting, geological mapping and geochemical sampling.

2023 exploration plans at Hydra

ALX has contracted a Quebec-based geological consulting company and a helicopter for the initial phase of the program. Accommodation in the James Bay region for exploration workers is sparse due to the immense amount of lithium exploration pending for the 2023 spring/summer season, but the company secured lodgings and will base its initial work from the town of Radisson, Que. The program is planned to begin on May 31, 2023, and the first phase of work will continue until early July, 2023.

ALX will utilize a high-resolution drone during the evaluation of the Hydra sub-projects to optimize the process of locating and assessing prospective pegmatite outcrops. Samples will be fast-tracked for analysis whenever possible to provide prompt information regarding the geochemistry of sampled pegmatites.

About Hydra

Hydra is 100 per cent owned by ALX with no royalties applicable, and consists of eight subprojects totalling 29,263 hectares (72,309 acres) that are known as Volta (4,806 ha), Echo (5,537 ha), Nike (2,056 ha), Sprite (3,438 ha), Cobra (4,249 ha), Viper (1,280 ha), Python West (4,298 ha) and Python East (3,219 ha). The subprojects were selected for staking based upon the presence of historical lithium, cesium and tantalum lake sediment anomalies and by a review of public domain geological mapping. ALX utilized an artificial intelligence search of Quebec government assessment files that found the Python West lithium showing in a pegmatite discovered during a historical uranium exploration program. A 2008 sample from the pegmatite returned a value of 330 parts per million lithium.

ALX believes that Hydra is highly prospective for LCT pegmatites, as suggested by the highly positive exploration reports from the Corvette lithium deposit, but is underexplored because historical exploration carried out in the James Bay region was mainly focused on gold and base metals. The James Bay hydroelectric project (total investment by Hydro-Quebec is estimated at greater than $16-billion since the early 1970s) has created infrastructure for mineral exploration in the form of several all-weather roads, including the Trans-Taiga Road. Serviceable airstrips are located in the vicinity providing aircraft support capability for Hydra.

National Instrument 43-101 disclosure

The technical information in this news release has been reviewed and approved by John Charlton, PGeo, a consultant to ALX, who is a qualified person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

Management cautions that historical results were collected and reported by operators unrelated to ALX and have not been verified nor confirmed by its qualified person but they create a scientific basis for continuing work in the Hydra project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.

About ALX Resources Corp.

ALX is based in Vancouver, B.C., Canada, and its common shares are listed on the TSX Venture Exchange under the symbol AL, on the Frankfurt Stock Exchange under the symbol 6LLN and in the United States on the OTC market under the symbol ALXEF.

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, lithium, nickel-copper-cobalt and gold projects. The company uses the latest exploration technologies and holds interests in over 220,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX's uranium holdings in Northern Saskatchewan include 100-per-cent interests in the Gibbons Creek uranium project, the Sabre uranium project, and the Javelin and McKenzie Lake uranium projects, a 40-per-cent interest in the Black Lake uranium project (a joint venture with Uranium Energy Corp. and Orano Canada Inc.), and a 20-per-cent interest in the Hook-Carter uranium project, located within the uranium-rich Patterson Lake corridor, with Denison Mines Corp. (80-per-cent interest) as operator of exploration since 2016.

We seek Safe Harbor.