Alix Announces Further Loan Agreements

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

ALIX ANNOUNCES FURTHER LOAN AGREEMENTS

July 27, 2012, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V)(37N – FRANKFURT) is pleased to announce that it has entered into loan agreements (the "Agreements") with two additional arm's length lenders (the “Lenders”) to borrow an aggregate of $200,000 (the “Loans”). The Loans bear an interest rate of 10% per annum, calculated semi-monthly and are due and payable on or before October 31, 2012.

Pursuant to the Agreements, and as additional consideration for the Loans, the Company will issue 295,000 common shares (the "Shares") in the capital of the Company to each Lender at a deemed value of $0.06375 per Share. The Shares will be subject to a four month hold period.

The proceeds of the loans will assist with the continuance of the Company’s drilling programs at the Money Rock and West Pogo gold projects in Alaska (for further details please refer to the Company’s recent news releases of June 1, 2012 and July 3, 2012).

The Agreements and the transactions contemplated therein are subject to the approval of the TSX Venture Exchange.

Alix Resources 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, 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.

2421014.1