Alix Signs Agreement with Lithium Australia to Advance Electra Lithium Project Adjoining Bacanora’s “Sonora Lithium Project” Located in Sonora, Mexico

http://www.canadianminingjournal.com/press-releases/story/?id=1003759367

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 9, 2016) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (TSX VENTURE:AIX)(FRANKFURT:37N) announces the signing of an option agreement with Lithium Australia NL (“LIT”) (ASX:LIT) to jointly explore and develop the Electra lithium project in Sonora, Mexico. Agreement terms are set out below. Alix and LIT will also work to define a percentage interest whereby Alix will share an interest in successful lithium extraction from clay technology patents arising from the joint efforts in Mexico. This transaction is subject to regulatory approvals.

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