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Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium Discovery, Mexico - Seite 2

and the Agua Fria discovery area), an agreed upon Phase 2 comprises:

- LIT may earn a 49% interest in the project by:
- Issuing 500,000 fully paid ordinary LIT shares to Alix;
- Issuing 500,000 partly paid LIT contributing shares paid to 0.01
Australian cent each (24.99 Australian cents unpaid) to Alix;
- Expending a further $250,000 (Australian) within 12 months of signing;
Alix-LIT- combined board to agree on scope of work; LIT to have
deciding vote;

In addition, the Company wishes to report that reject samples from both the
Tecolote and Agua Fria targets have been sent to, and received in, LIT's
offices in Australia. Preliminary test work has been initiated to enhance
the recovery of lithium from the clay samples and to develop in - situ
methods of analyzing lithium (and associated minerals) that will assist the
exploration activities. Additional samples will be shipped shortly from
Agua Fria.

Christopher Ecclestone, CEO of Alix, stated: 'We are very pleased to have
quickly reached this significant milestone with Lithium Australia and look
forward to our maiden drill program on Li-rich targets in Agua Fria. The
objective is to discover lithium-rich clay layers similar to that of the
Bacanora/REM La Ventana deposit.'

Managing Director of Lithium Australia, Adrian Griffin commented: 'The
recent significant discoveries at Agua Fria have rightly resulted in
reprioritizing target areas - and that's a nice problem to have. At Lithium
Australia we continue to advance the technical support required for the
best possible outcome for the shareholders of both Alix and Lithium
Australia as we prepare for the maiden drilling campaign.'

The technical contents of this release were approved by Michel Boily, PhD,
P.Geo 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, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: [phone]
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.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking
statements, which relate to future events or future performance and reflect
management's current expectations and assumptions. Such forward-looking
statements reflect management's current beliefs and are based on
assumptions made by and information currently available to the Company.
Investors are cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties that
may cause future results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not
assume any obligation to update or revise them to reflect new events or
circumstances. All of the forward-looking statements made in this press
release are qualified by these cautionary statements and by those made in
our filings with SEDAR in Canada (available at www.sedar.com).


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/23491

News Source: Newsfile


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11.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Alix Resources Corp.


Canada
ISIN: CA01642R3009


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519983 11.11.2016