Alix Closes Second and Final Tranche FT 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 CLOSES SECOND AND FINAL TRANCHE FT FINANCING

March 6, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-

TSX:V) (37N –FRANKFURT) announces that further to its news releases dated February 8, 2017,

February 3, 2017, January 31, 2017 and January 24, 2017 it has completed the second and final tranche of

a non-brokered flow through private placement. The total raised in the FT financing for the two tranches

was 3,550,000 units for total gross proceeds of $2 48,500.00. Each FT unit consists of one flow through

common share (the “Shares”) and one half non-flow through Share purchase wa rrant of the Company.

Each whole warrant will entitle the holder to acquire one Share of the Company at a price of $0. 10 per

Share for a period of 24 months from the date of issuance.

The Company paid a cash commission to the finders on the two Tranches o f the FT financing totalling

$19,916, issued 157,500 finder’s shares and issued 177,500 finder’s warrants exercisable for 12 months

at $0.07.

The Shares and warrants issued pursuant to the second tranche of the FT private placement and any Shares

issued on exercise of the warrants are subject to four-month resale restriction that expires on July 7, 2017.

The Company has received conditional approval for the private placement s from the TSX Venture

Exchange.

The proceeds raised from the FT financing will be used to advance the Company ’s Quebec lithium

properties.

Alix Resources is a junior mining exploration company focused on seeking and acquiring lithium projects

globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company. The Company

now has active lithium projects in Mexico, Ontario and Quebec.

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.