QMX Gold Corp. (fka QMXGF)

[NYBob]

GOLD DEVELOPMENT: Alexis arranges Snow Lake loan


2012-05-29


MANITOBA –

Alexis Minerals
of Toronto has received formal credit approval from
Credit Suisse for a US$45-million, 4.5-year term loan to hasten
development of the Snow Lake (formerly New Britannia)
gold mine 80 km east of Flin Flon.

Since Alexis became owner of the Snow Lake project in 2009 with
its acquisition of Garson Gold,
Alexis has increased the mineral resources and
completed a feasibility study (November 2010).
The measured and indicated resource now stands at
728,000 tonnes and the inferred resource at 336,700 tonnes.
There are an estimated 1.1 million oz of contained
gold in the resources.

Alexis has called a special meeting of shareholders for
June 13 to approve a proposed 20:1 share consolidation and
to approve a name change to
QNX Gold Corporation.

The latest corporate presentation at
http://www.AlexisMinerals.com
provides details about the Snow Lake project -

ALEXIS Presentation -

http://www.alexisminerals.com/Theme/Alexis/files/Alexis%20Marketing%20Presentation_may2012_v001_v2q176.pdf

Website http://www.alexisminerals.com

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76098423