Infinite Lithium Corp (ILI)

[Sam Dan]

Another new project for AIX
"ALIX ACQUIRES SOUTHERN NEVADA LITHIUM PROPERTY

Alix Resources Corp. has acquired a 100-per-cent interest in a newly staked property located in southern Nevada from arm's-length vendors. The property comprises 15 unpatented mineral claims located on BLM (Bureau of Land Management) ground comprising 300 acres as well as 10 newly located unpatented mineral claims comprising 200 acres to give a total acreage of 500 acres.

Alix is an active explorer of lithium in clay and hectorite host rocks, with an active project in Sonora, Mexico, currently being drilled (see press release dated March 27, 2017). The company's joint venture partner on the Agua Fria project (Electra) is global lithium developer Lithium Australia NL, which is developing the Sileach processing approach for recovering lithium from silicate minerals including spodumene and mica.

President Mike England stated: "This property represents a significant opportunity for the company based on our knowledge and experience dealing with lithium in hectorites and our association with Lithium Australia. It is early days on this project; field crews are on site and more information will be forthcoming in the near future."

Cumulative terms of the deal call for the company to pay $112,500 (U.S.) in cash consideration, issue one million common shares and incur a total of $250,000 (U.S.) of work expenditures on the property. A 2-per-cent net smelter return royalty will be granted to the vendors, 1 per cent can be purchased back by the company for $1-million (U.S.).

Alix Resources is a junior mining exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the company."