AIX

ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N)
announces that it has completed phase one drilling at its Money Rock / West Pogo
gold project, located 80 kilometers southeast of Fairbanks, Alaska. Phase one
drilling focused on the West Pogo portion of the project, with two NQ core holes
completed for a cumulative total meterage of 610 meters (2,002 ft.). Both holes
encountered metagranite with broad intervals of brecciation, including zones of
iron-stained sericite alteration and arsenopyrite. At the Pogo Mine, located 3.5
kilometers east of the project and operated by Sumitomo Metals Corp., an average
of just under 400,000 ounces of gold is produced each year (Alaska Division of
Geological and Geophysical Surveys Special Report 65, 2011). 


Drillhole WP-12-01 was collared in a broad northeast-trending area of anomalous
gold, defined by surface rock and soil assays on the northern edge of the West
Pogo claims. Previously, a northwest-oriented, inclined hole was drilled in 2003
by AngloGold Ashanti (USA) Exploration Inc. at the same site, and encountered
wide zones of low-grade gold mineralization. In the present program, the
inclined drillhole was northeast-oriented, designed to intersect a
northwest-trending fabric at depth that was identified after re-assessment of
geophysical data for the West Pogo property. After passing through 44 meters
(144 ft.) of mostly paragneiss, the drill encountered metagranite with
sericite-altered, iron-stained zones of brecciation and veining with
arsenopyrite or pyrite that appear to increase with depth to the end of the hole
at 321 meters (1,055 ft.).


Drillhole WP-12-02 was collared 832 meters (2,730 ft.) east-northeast of the
first hole, and oriented northwest to test the eastern end of the NE-trending
anomaly, where gold-in-soil values range from 20 ppb up to 163 ppb Au and a
float grab sample of silicified metagranite returned 2.12 g/t Au. The drillhole
immediately encountered silicified metagranite with a similar style of
alteration as observed in WP-12-01 down to 150 meters (500 ft.), where
increasingly abundant intervals of brecciated and silicified metagranite with
zones of arsenopyrite and pyrite plus traces of chalcopyrite occur. These zones
increase in width and intensity of sulfide mineralization to the end of the hole
at 289 meters (947 ft.). Details of the interval lengths and intensity of
sulfide mineralization will become available as the logging is finalized on
WP-12-02.


Core is being sawed in half and sampled at roughly one meter intervals, then
delivered by truck to ALS-Chemex (Fairbanks, Alaska) for sample preparation,
after which sample pulps are shipped to the ALS Minerals facility in North
Vancouver, B.C. for assay. Gold assays are by fire assay with AAS finish (ALS
protocol Au-AA24), and trace elements by ICP-AES after nitric aqua regia
digestion (ALS protocol ME-ICP41). The samples are being submitted with in-house
and/or certified gold standards inserted into the sample stream.


In phase two of the program, a third drillhole (MR-12-01) will be positioned 719
meters (2,360 ft.) north-northeast of WP-12-02, and oriented to the southeast,
to test the extent and dimensions of mineralization encountered in the second
drillhole. 


Alix is exploring the West Pogo part of the project under an agreement with
Corvus Gold Inc. (TSX:KOR) whereby Alix will complete USD $5M in work on the
project and pay $125,000 over five years to earn a 60% interest in the project
(see news release March 5th, 2012).


Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has
reviewed the technical information contained in this release. 


Alix Resources Corp. is a junior exploration company actively seeking and
developing mineral opportunities for the benefit of all its stakeholders.
www.alixresources.com. 


Corvus Gold Inc. is a resource exploration company focused in Nevada, Alaska and
Canada which controls a number of exploration projects representing a spectrum
of early-stage to advanced gold projects. www.corvusgold.com.


ON BEHALF OF THE BOARD

Michael England, President 

Forward-Looking Statement: 

Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Alix Resources
Corp. Actual results may differ materially from those currently anticipated in
such statements.

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