Alix Increases 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 INCREASES FINANCING

February 3, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”)

(AIX-TSX:V) (37N–FRANKFURT) announces that it has increased the amount of the non -brokered

private placement of up to 5 million units ("Units") at a price of $0.05 per Unit for aggregate gross

proceeds of $ 250,000 (the "Offering") announced January 31, 2017 to 7 million units for aggregate

gross proceeds of up to $350,000 (the "Offering"). Each Unit will be comprised of one common share

("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each warrant

entitles the holder to purchase an additional share at a price of $0.10 per share for a period of 24 months

from the date of closing.

Use of proceeds from the financing will include further advancement of the Company’s Jackpot Lithium

Project in Ontario as well as for general working capital. There are no material facts or material changes

not generally disclosed.

Finders' fees will be payable on the private placement, subject to the policies of the TSX Venture

Exchange.

The increase to the private placement is subject to TSX Venture Exchange acceptance.

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.