Alix Resources Reports Regrant of Options

Suite 1220, 789 West Pender St. Vancouver, British Columbia Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988

ALIX RESOURCES REPORTS REGRANT OF OPTIONS

November 18, 2010, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N –FRANKFURT) today announces that the 950,000 stock options previously granted on September 27, 2010 have been cancelled and will be granted on November 18, 2010. The stock options are being issued to the same directors, officers, employees and consultants of the Company, at the same exercise price of $0.20 per share and are exercisable for a period of five years from the date of grant.

Pursuant to the policies of the TSX Venture Exchange, the stock options granted to the insiders of the Company will have a hold period of four months from the date of grant expiring March 19, 2011.

The stock options have been granted in accordance with the Company's stock option plan.

Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all of its stakeholders.

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.

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