Mr. Warren Stanyer reports

ALX RESOURCES CORP. RESUMES LITHIUM EXPLORATION AT HYDRA LITHIUM PROJECT IN JAMES BAY REGION, QUEBEC

ALX Resources Corp. has remobilized its lithium exploration crew to the Volta subproject area of the Hydra lithium project located in the Eeyou Istchee-James Bay region of Quebec, Canada. Hydra is the subject of a 50-per-cent/50-per-cent joint venture between ALX and Forrestania Resources Ltd. of West Perth, Australia, formed to explore for lithium-cesium-tantalum-bearing (LCT) pegmatites, with ALX as operator.

2023 Hydra exploration summary

Prospecting at Hydra has been subjected to several delays and restrictions since work began in early June, 2023. The initial program was suspended after only four days due to forest fires and could not be restarted until early September, 2023. The second phase of exploration was also suspended on Sept. 15, 2023, due to the onset of moose hunting season by the Cree Nation of Wemindji, which lasted until Oct. 15, 2023.

With winter weather fast approaching, ALX made the decision to return to the James Bay region in the time remaining, since Volta had received only limited exploration in 2022 and was not accessible to ALX this season due to a lack of accommodations for its geological staff.

In early September, 2023, ALX carried out an airborne light detection and ranging (lidar) and orthophoto survey at Volta to improve the quality of the imagery used for pegmatite exploration. Lidar can provide detailed and high-resolution topographical information from the analysis of laser pulses emitted from the sensor and the subsequent return signal.

The helicopter-assisted prospecting work at Volta is aided by remote sensing studies optimized for pegmatite detection. Surface mapping and sampling is planned to continue for up to a week, or for as long as weather conditions allow. Results will be released upon their receipt, compilation and interpretation.

About Hydra

Hydra consists of eight subprojects totalling 29,262 hectares (72,306 acres) known as Volta (4,751 hectares (ha)), Echo (5,566 ha), Nike (2,462 ha), Sprite (3,437 ha), Cobra (4,249 ha), Viper (1,280 ha), Python East (3,218 ha) and Python West (4,298 ha), located within a fertile lithium exploration district that hosts the James Bay, Rose, Whabouchi and Corvette lithium deposits, and numerous other lithium showings.

The Hydra subprojects were originally 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. The application of remote sensing and artificial intelligence studies for pegmatite detection is continuing to prioritize target definition for surface prospecting.

National Instrument 43-101 disclosure

The technical information in this news release has been reviewed and approved by Robert Campbell, PGeo, a consultant to ALX, who is a qualified person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Readers are cautioned that mineral deposits or occurrences on adjacent or nearby properties are not indicative of mineral deposits or occurrences on the company's 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.

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties in Canada, which include lithium, uranium, 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 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.

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