Alix Amends Option Agreement on Pogo Property
Suite 1220, 789 West Pender St. Vancouver, British Columbia Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
ALIX AMENDS OPTION AGREEMENT ON POGO PROPERTY
August 14, 2012, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to announce that it has successfully entered into an amending agreement with David Wright and Associates (“DW&A”) as of August 3, 2012 (the “Amending Agreement”) to amend their original option agreement dated February 9, 2010 (the “Original Agreement”), pursuant to which DW&A granted to Alix an option to acquire all of DW&A’s interest (being an undivided 100% interest) in and to certain mineral claims known as the “Pogo Property” located in the Pogo area of the Goodpaster Mining District in the State of Alaska. Pursuant to the terms of the Amending Agreement, DW&A granted Alix a 90 day extension to fulfill its third anniversary cash payment and share issuance commitments initially due on or before July 28, 2012. In consideration of the 90 day extension Alix will issue to DW&A an additional 25,000 common shares in the capital of the Company (“Alix Shares”) such that on or before October 28, 2012 Alix will pay US $20,000, originally due on or before July 28, 2012, and issue 105,000 Alix Shares, originally 80,000 Alix Shares would have been issuable on or before July 28, 2012, to DW&A.
All other terms of the Original Agreement remain the same.
All transactions contemplated herein are subject to the approval of the TSX Venture Exchange. Alix Resources Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at www.alixresources.com.
ON BEHALF OF THE BOARD
“Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770
Neither 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.
Statements made in this news release that are not historical facts are "forward-looking statements", and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.