Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

ILI.V ·

Alix Defines Lithium Target over 2.5 Kilometer Strike Length ON the Agua Fria Project, Sonora Mexico

Exploration Programs

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 DEFINES LITHIUM TARGET OVER 2.5 KILOMETER STRIKE LENGTH ON THE

AGUA FRIA PROJECT, SONORA MEXICO

September 1st, 2017, Vancouver, BC, Canada –ALIX RESOURCES CORP. (“Alix” or the

“Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce the completion of its drill

program on the Electra Project in the Agua Fria property located in Sonora, Mexico, in partnership with

Lithium Australia . In total 16 RC holes were completed totaling 1762 meters of drill material on

multiple targets (Table 2). Highlight of the exploration program include s the discovery of the “West

Flank” lithium zone, which extends in a NNW-SSE direction for nearly 2.5 km on the western portion

of the Agua Fria concession.

The “West Flank” lithium target is the most significant target and is defined by

o A surface grid sampling completed in May 2017 (rock chip sampling), with 33 samples

returning Li assays around 1,000 ppm out of 187 samples in total;

o Three trenches undergoing systematic and continuous sampling yielding 949 ppm Li

over 31 m, 954 ppm Li over 25 m and 928 ppm Li over 43 m, respectively.

o RC drill holes collared on the West Flank Target produced: 1,058 ppm Li over 33 m

from the collar (AF-17-01), 1,031 ppm Li over 48 m form 63 meters (AF-17-02), 917

ppm Li over 30 m from 27 meters (AF-17-03), and 1,050 ppm Li over 24 m from the

collar (AF-17-14) (see Table 1).

o RC drill holes sunk on the edge (east side) of the West Flank Target revealed assay values

of 867 ppm Li over 24 m from the collar (AF-17-11), and 816 ppm Li over 45 m from

the collar (AF-17-12) (see Table 1), Other RC drill holes did not provide significant

results.

2408074.1

HOLE_ID From (m) To (m) Interval (m) Li (ppm)

AF-17-001 3.0 85.0 82.0 938

Incl. 3.0 36.0 33.0 1058

54.0 75.0 21.0 1043

AF-17-002 63.0 138.0 75.0 966

AF-17-003 27.0 57.0 30.0 917

AF-17-004 3.0 36.0 33.0 991

AF-17-004 57.0 78.0 21.0 986

AF-17-005 72.0 96.0 24.0 906

AF-17-008 27.0 84.0 57.0 719

AF-17-012 0.0 45.0 45.0 816

AF-17-014 0.0 90.0 90.0 904

Incl. 0.0 24.0 24.0 1050

Table 1

- The West Flank lithium zone is 25 -50 m-thick, shallow dipping and provides the best potential

to define a resource of significant tonnage near surface . Future efforts will be devoted to the

West Flank target to establish the stratigraphic control of higher lithium concentrations.

New metallurgical testing, revealed acid leaching at 50°C achieving 99% extraction of Li in four

hours with n o roasting and expensive reagents required. A large sample is currently being

collected for further metallurgical studies.

- In addition to significant Li values, th e clay horizons at Agua Fria are characterized by

anomalous potassium values, an element which may be recoverable as potassium sulphate, a

major component of “NPK” fertilizers. This potentially adds a valuable by-product.

HOLE_ID Easting Northing* Elevation

(m)

Azimuth

(°)

Plunge

(°)

Depth

(m)

AF-17-001 682027 3235939 758 0 -90 126

2408074.1

AF-17-002 682199 3235770 752 0 -90 141

AF-17-003 681854 3236357 728 0 -90 115

AF-17-004 682053 3236785 742 0 -90 120

AF-17-005 681763 3237198 740 0 -90 126

AF-17-006 681821 3239308 803 0 -90 108

AF-17-007 681554 3239389 801 0 -90 108

AF-17-008 681501 3238640 780 0 -90 141

AF-17-009 681455 3239070 783 0 -90 90

AF-17-010 681364 3239645 800 0 -90 87

AF-17-011 681588 3236557 722 0 -90 72

AF-17-012 681611 3236748 733 0 -90 90

AF-17-013 682330 3235134 712 0 -90 126

AF-17-014 682228 3235462 730 0 -90 141

AF-17-015 681283 3239605 800 0 -90 87

AF-17-016 681278 3239747 800 0 -90 84

*WGS84; Zone 12N

Table 2

QA/QC Protocol

Alix Resources implemented a QA/QC program during the drilling at Aqua Fria. Drill samples were

collected on 3 m intervals, the equivalent of one sample per drill rod. The entire sample was collected

using buckets and sacks to catch as much of the fine fraction as possible. Samples were weighed, split

using a riffle splitter to obtain a 5 kg sample in micro-pore bags to be sent to the ALS Hermosillo

Laboratory. A representative sample was also collected for the chip tray and Z-300 on site analysis.

Surface and trench samples were collected using grub hoes and/or shovels, providing 3-5 kg samples

which were put in a plastic bag, tagged and sealed before being transported to the laboratory. Samples

were shipped from the site directly to ALS laboratory and transported by Alix representatives.

Preparation package PREP-31 was requested which includes crushing at 70% <2mm and reduction to

a pulp 85% <75um. Pulps were sent to the Vancouver ALS laboratory where they underwent

dissolution by 4 acid digestion (perchloric, nitric, hydrofluoric and hydrochloric acids) and analyzed

by inductively coupled plasma- atomic emission spectrometry for 48 elements: Ag, Al, As, Ba, Be,

Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re,

S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr (package ME-MS6). Blanks, standards

and duplicates were inserted every 10th sample in the following sequence: duplicate, standard GTA-

07, blank, duplicate, standard GTA-02, blank. Blanks were sourced locally from a clay unit that

averaged 26 ppm Li, Duplicates were taken on site with the riffle splitter. Standards were provided by

Geostats PTY LTD.

2408074.1

Lithium mineralization on the Agua Fria project occurs in a similar geological context to that of the

nearby Sonora lithium project, owned by Bacanora Minerals Ltd. and Rare Earth Minerals PLC (REM).

The Sonora lithium project, has established an indicated mineral resources4.5 Mt (LCE) and 2.7 Mt of

inferred mineral resource, in accordance with NI 43-101 norm.

Mike England, president of Alix, stated: "We are very pleased with the results of the recent RC drill

program and the ongoing metallurgical studies, directed by our partner Lithium Australia. With a

focus on outlining higher grades in the West Flank zone and the encouraging beneficiation strategies,

it is our objective to define an economic lithium resource, similar in grade and size to that of the

Bacanora/REM La Ventana deposit."

Cautionary statement: Although geological similarities are interpreted between Alix’s Ag ua Fria and

Bacanora Sonora project, readers are cautioned that the Compa ny has not discovered nor defined a

similar deposit, nor completed a prefeasibility or feasibility study which establishes mineral reserves

with demonstrated economic and technical viabilities.

The technical contents of this release were approved by Dr. Michel Boily, PGeo, a qualified person as

defined by National Instrument 43 -101. The properties have not been the subject of a National

Instrument 43-101 report.

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 prospects 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.