Alix Announces Financing

2408074.1

Suite 1240, 789 West Pender St. Vancouver, British Columbia

Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988

ALIX ANNOUNCES FINANCING

November 8th, 2017, Vancouver, BC, Canada –ALIX RESOURCES CORP. (“Alix” or the

“Company”) (AIX-TSX:V) (37N 2–FRANKFURT) announces the Company has arranged a non -

brokered private placement of up to 25,000,000 units (the "Units") at a post-consolidation price of $0.11

per Unit for an aggregate gross proceeds of $2,750,000 (the "Offering").

Each Unit will consist of one post -consolidation common share and one post -consolidation common

share purchase warrant, with each warrant entitling the holder thereof to acquire one post-consolidation

common share at an exercise price of $0.20 per share for a period of 24 months. The Company may, in

its sole discretion, pay finders' fees to agents of the Company.

The proceeds raised will be used for general corporate purposes and for advancing the Company’s 100%

owned Jackpot Lithium project located in the Georgia Lake area within the Thunder Bay Mining

Division, Ontario.

About Alix Resources

Alix Resources is a junior mining exploration company focused on seeking and acquiring world class

lithium projects globally. Alix continues to evaluate suitable prosp ects that fit the mandate of the

Company.

ON BEHALF OF THE BOARD

“Michael England”

Michael England, President, CEO, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

Neither the 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.