AIX

ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N)
is pleased to announce the completion of drilling results for the Money Rock /
West Pogo gold project, located 80 kilometers southeast of Fairbanks, Alaska,
and 3.5 kilometers west of the Pogo gold mine. Four NQ core drill holes were
completed on the project for a total meterage of 1,474 meters (4,836 ft.), and
focused on testing the subsurface expression of a surface rock and soil gold
anomaly that extends for over 1,000 meters (3,281 ft.). Gold assays exceeding
one gram per tonne were intersected in three holes, and extensive alteration of
the style observed at the Pogo Mine in all four holes suggest that drilling has
intersected the margins of a gold-bearing system. Significant intervals of gold
mineralization (greater than 0.45 g/tonne) are presented in the table below.




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                Money Rock / West Pogo Project Drill Results               
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Drill hole          From, m     To, meters     Interval, m(i)   Au, g/tonne
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WP-12-01              243.7          249.3               5.6           0.67
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                                 including               2.4           1.74
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WP-12-02               74.5           77.7               3.2           1.10
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MR-12-01               48.0           53.0               5.0           0.48
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                      111.9          112.4               1.1           0.47
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                      199.0          200.6               1.6           1.67
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MR-12-02              395.3          396.8               1.5           0.53
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(i) Absence of structural and geological contacts precludes an estimate of  
    true thickness.                                                         
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On the West Pogo property, drillhole WP-12-01 intersected 44 meters (144 ft.) of
paragneiss followed by metagranite to the end of the hole at 322 meters (1055
ft.). The gold intercepts lie within a 95 meter (311 ft.) zone of
dolomite-sericite alteration overprinted by iron oxides after sulfides.
Drillhole WP-12-02 was collared 832 meters to the east-northeast and intersected
37 meters (121 ft.) of metagranite, mixed tonalite and metagranite from 37-91
meters (121-298 ft.), mixed tonalite and paragneiss from 91-148 meters (298-485
ft.), metagranite from 148-183 meters (485-600 ft.), and tonalite and gneiss
from 183 meters to the end of the hole at 288 meters (944 ft.). Gold occurs with
quartz, surrounded by iron oxide alteration that occurs intermittently
throughout the entire drillhole. 


At Money Rock, MR-12-01 was collared 732 meters (2,400 ft.) north-northeast of
WP-12-02 and drilled to the southeast. Drillhole MR-12-01 encountered paragneiss
from surface to 59 meters (194 ft.), followed by alternating intervals of
metagranite from 59-268 meters (194-879 ft.), paragneiss from 268-308 meters
(879-1,011 ft.), metagranite from 308-328 meters (1,011-1,076 ft.), and
paragneiss to the end of the hole from 328-401 meters (1,076-1,315 ft.).
Drillhole MR-12-02 was drilled from the same collar and directed to the
east-southeast, encountering mixed paragneiss and metagranite from surface to 46
meters (150 ft.), followed by metagranite from 46-110 meters (150-360 ft.),
paragneiss from 110-137 meters (360-450 ft.), and metagranite to the end of the
hole from 137-463 meters (450-1,518.6 ft.). Gold in both holes occurs in
quartz-arsenopyrite-pyrite veins associated with broad zones of patchy
sericite-dolomite-silica alteration. The alteration is similar in style and
intensity to that reported in country rocks adjacent to the Liese veins that are
presently exploited at the Pogo Mine (Rhys and others, 2003, Mineralium
Deposita, v.38, p.863-875). Combined with the gold assays, the drilling results
suggest that the margins of a gold mineralized system have been intercepted. A
map of the drilling locations and simplified graphic logs can be seen at the
Alix website www.alixresources.com. 


Core was sawed in half and sampled at roughly one meter intervals, then
delivered by truck to ALS-Chemex (Fairbanks, Alaska) for sample preparation,
after which sample pulps were shipped to the ALS Minerals facility in North
Vancouver, B.C. for assay. ALS Minerals has ISO 9001:2008 and ISO 17025
accreditation as per the Standards Council of Canada. Gold assays were by fire
assay with AAS finish (ALS protocol Au-AA24), and trace elements by ICP-AES
after nitric aqua regia digestion (ALS protocol ME-ICP41). Samples were
submitted with blanks and standards inserted into the sample stream. 


Alix President and CEO Mike England states, "We are very excited by our first
round of drilling at Money Rock / West Pogo. Our gold results are only in the
few grams per tonne range, but we have confirmed that we are in a
gold-mineralizing system, and we intend to further explore that system in our
2013 exploration program." 


Alix is exploring the West Pogo part of the project under an agreement with
Corvus Gold Inc. (TSX:KOR) whereby Alix will complete USD $5M in work on the
project and pay $125,000 over five years to earn a 60% interest in the project
(see news release March 5th, 2012). 


Dr. Tom E. McCandless, P.Geo. and Qualified Person as defined by NI 43-101, has
reviewed the technical information contained in this release. 


Alix Resources Corp. is a junior exploration company actively seeking and
developing mineral opportunities for the benefit of all its stakeholders.
www.alixresources.com. 


Corvus Gold Inc. is a resource exploration company focused in Nevada, Alaska and
Canada which controls a number of exploration projects representing a spectrum
of early-stage to advanced gold projects. www.corvusgold.com.


ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement:

Some statements in this news release contain forward-looking information that
involves inherent risk and uncertainty affecting the business of Alix Resources
Corp. Actual results may differ materially from those currently anticipated in
such statements.

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