Alix 4,825,000-share private placement

2010-02-11 16:11 ET -Private Placement
Shares issued 71,817,688
AIX Close 2010-02-10 C
.05

The TSX Venture Exchange has accepted for filing documentation withrespect to the first tranche of a non-brokered private placement forAlix Resources Corp. announced Jan. 27, 2010.

Number of shares: 4,825,000 shares

Purchase price: five cents per share

Warrants: 4,825,000 share purchase warrants to purchase 4,825,000 shares

Warrant exercise price: 10 cents for a two-year period

Hidden placees: 14

Pro groups: Kerry Chow 500,000;Roberto Chu 100,000;Ton Fei Fred Tham 300,000

Finders' fees: $6,375 and 127,500 broker warrants payable to Canaccord Capital Corp.;$16,000 and 320,000 broker warrants payable to PI Financial Corp.

Pursuant to corporate finance Policy 4.1, Section 1.11(d), the companymust issue a news release announcing the closing of the privateplacement and setting out the expiry dates of the hold period(s). Thecompany must also issue a news release if the private placement doesnot close promptly.