Alix Acquires Golden Granite Gold Property, Yavapai County, Arizona

Mon Nov 5, 2012 8:00am EST

* Reuters is not responsible for the content in this press release.

  VANCOUVER, BRITISH COLUMBIA, Nov 05 (MARKET WIRE) --
ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)
(FRANKFURT:37N) is pleased to announce it has acquired an option on the
Golden Granite lode gold property located in Yavapai County, Arizona. The
600 acre property is located about 280 kilometers (175 miles) southeast
of Las Vegas and about 112 kilometers (70 miles) northwest from Phoenix
along highway 93. Alix can acquire 100% of the property by making cash
payments totaling US$240,000 and issuing 600,000 shares of stock to the
vendors. The vendors will retain a 2% NSR of which 1% can be purchased
for US$2M dollars.

    The Golden Granite property includes a series of quartz veins hosted in
igneous rocks of the Yavapai Terrane, a Proterozoic crustal domain that
comprises much of northwestern Arizona. The historic Big Stick Mine on
the southwest corner of the property is a high-grade quartz vein system
with reported grades of over 13 grams per tonne Au (0.4 ounces per ton)
over one meter widths (L.A. Smith, 1958. Arizona Dept. of Mineral
Resources, Field Engineers Report, 1p.) . Sampling conducted in 2011
recovered over eight grams per tonne gold in grab samples of fractured,
limonitic granite in outcrop. 

    The Company has applied to the State of Arizona for additional ground and
is planning an aggressive exploration program designed to explore both
the historic high-grade Big Stick Mine and the bulk- tonnage potential of
the mineralized host granite.

    To acquire a 100% interest in the property the Alix will make cumulative
cash payments of $240,000 and issue 600,000 shares of the Company. The
vendor will retain a 2% NSR of which 1% can be purchased back for
$2,000,000. A member of the vendor group, David Lajack, is also a
director of the Company. This transaction is subject to TSX Venture
Exchange approval.

    The technical contents of this new release were approved by Dr. Tom E.
McCandless, P. Geo., Technical Advisor to the Company and qualified
person as defined by Nattional Instrument 43-101. 

    Alix Resources is a junior exploration company actively seeking mineral
and energy opportunities for the benefit of all our stakeholders. For
further information we invite you to visit us at www.alixresources.com.

    ON BEHALF OF THE BOARD

    Michael England, President

    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.

Contacts:
Alix Resources Corp.
Michael England
President
1-604-683-3995
Toll Free: 1-888-945-4770
www.alixresources.com

Copyright 2012, Market Wire, All rights reserved.

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