Mr. Warren Stanyer reports

ALX RESOURCES CORP. EXTENDS FLOW-THROUGH PRIVATE PLACEMENT

ALX Resources Corp. has extended the non-brokered private placement announced on Oct. 17, 2023, consisting of up to 14,285,714 flow-through units of the company for gross proceeds of $500,000, by 30 days. Red Cloud Securities Inc. of Toronto, Ont., has agreed to act as a finder for ALX on a best effort basis for the offering.

The company closed a first tranche of the offering on Nov. 10, 2023, and a second tranche of the offering on Nov. 30, 2023, for a total issuance of 12,942,857 FT units and gross proceeds of $453,000. ALX, at its discretion, may apply to the TSX Venture Exchange to increase the size of the offering.

Each FT unit consists of one flow-through common share and one non-flow-through common share purchase warrant at a price of 3.5 cents per FT unit. One common share purchase warrant from the FT units entitles the holder to purchase one non-flow-through common share of the company at a price of five cents for a period expiring 24 months following closing of the offering.

The proceeds from the sale of FT units will be used solely for exploration programs on the company's critical mineral properties in Quebec, Saskatchewan, Ontario and Nova Scotia. The extension of the offering is subject to the acceptance of the TSX-V.

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 U.S. 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 in Canada, 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 jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metal mines, both current and historical.

ALX owns a 50-per-cent interest in eight lithium exploration properties staked in 2022 and 2023 collectively known as the Hydra lithium project (a joint venture with Forrestania Resources Ltd. of West Perth, Australia), located in the James Bay region of Northern Quebec, Canada, a 100-per-cent interest in the Anchor lithium project in Nova Scotia, Canada, and 100-per-cent interests in the Crystal lithium project and the Reindeer lithium project, both located in Northern Saskatchewan, Canada.

ALX's uranium holdings in Northern Saskatchewan include 100-per-cent interests in the Gibbons Creek uranium project, the Sabre uranium project, the Bradley 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.

ALX also owns 100-per-cent interests in the Firebird nickel project (now under option to Rio Tinto Exploration Canada Inc., which can earn an up-to-80-per-cent interest), the Flying Vee nickel/gold and the Sceptre gold projects, and can earn an up-to-80-per-cent interest in the Alligator Lake gold project, all located in Northern Saskatchewan, Canada. ALX owns, or can earn, up-to-100-per-cent interests in the Electra nickel project and the Cannon copper project located in historic mining districts of Ontario, Canada, the Vixen gold project (now under option to First Mining Gold Corp., which can earn an up-to-100-per-cent interest in two stages), and the Draco volcanogenic massive sulphide project in Norway.

We seek Safe Harbor.