ALIX INCREASES ITS LAND POSITION AT MONEY-ROCK
NEAR THE POGO MINE IN ALASKA
February25, 2009, VANCOUVER, B.C. –ALIX RESOURCES CORP. (“Alix”or the “Company”)(AIX-TSX:V)(37N – FRANKFURT) announces it has increased its landposition at the Money-Rock gold property in the Goodpaster Mining District ofAlaska. The new property is contiguous with the southern portion of the Money-RockProperty, increasing the land position to 2,560 acres (1,036 hectares) of Stateof Alaska mining claims from the 1,920 acres acquired previously (Alix NewsRelease, August 5, 2009). Collectively the Money-Rock claims border claims heldby International Tower Hill Mines and are adjacent to claims owned bySumitomo’s Pogo gold mine and less than 3.0 miles from the Pogo mineportal. An image of the property position can be accessed at www.alixresources.com.
State of Alaska geologists have mapped the same gneissunit at the Pogo mine as also underlying significant portions of the Money-Rockproperty. The Money-Rock property has never been drilled and has only limitedsurface geochemical sampling. A new geochemical soil-sampling and geologicalreconnaissance program was launched in fall 2009 and results are being reviewedwith the goal to identify target areas for drilling in Q2 2010.
Under the terms of the LOA, Alix has an option to earn100% interest in Money-Rock by making cash payments totaling $210,000 over fiveyears and 180,000 shares over three years. The option is subject to a 2% NSR tothe vendors. The NSR can be reduced to 1% for $1M US.
The Company further wishes to announce the resignationof Mr. Jay Oness from the Board of Directors and in his place welcomes Mr. JohnMasters.
Alix Resources is a junior exploration companyactively seeking mineral and energy opportunities for the benefit of all ourstakeholders. For further information please visit us at http://www.alixresources.com/" target="1">www.alixresources.com.
ON BEHALF OF THEBOARD
Michael England,President
FOR FURTHER INFORMATIONPLEASE CONTACT:
Telephone:1-604-683-3995
