ALX Resources Corp. Stakes Additional Claims at the Hydra Lithium Project in Quebec

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Vancouver, British Columbia--(Newsfile Corp. - December 8, 2022) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has completed a second staking program at the Hydra Lithium Project ("Hydra", or the "Project") in the James Bay region of northern Quebec, Canada. ALX staked an additional 108 claims in two claim blocks known as Cobra and Viper, bringing ALX's total holding in the region to 21,746 hectares (53,734 acres). Hydra is located in a world-class lithium exploration district that hosts several significant lithium-cesium-tantalum ("LCT") type pegmatites. Hydra is 100%-owned by ALX with no applicable royalties and the Cobra and Viper claims are in good standing until November 2025.

Highlights of ALX's 2022 Exploration Activities at Hydra

  • Cobra and Viper were staked after further geological assessment of the area, which targeted discrete greenstone formations that have potential to host LCT-type pegmatites;

  • ALX performed site visits on four sub-projects (Volta, Sprite, Nike and Echo) at Hydra in October 2022. The helicopter-assisted reconnaissance prospecting was successful in locating pegmatite bodies in several locations, despite the onset of poor weather conditions limiting the scope of the program;

  • Samples were submitted to SGS Canada Inc. for multi-element analysis including lithium, cesium, and tantalum. Results are expected in December 2022 and will be released following their receipt, compilation and interpretation.



ALX's Hydra Lithium Project claims in the James Bay Region, Quebec

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2022-2023 Exploration Plans

Compilation of historical data related to Hydra and other areas in the region that are prospective for LCT pegmatites is ongoing. Following receipt of the results of the 2022 prospecting, ALX is planning a high-resolution magnetic, radiometric, and photogrammetric survey in early 2023 to provide additional geophysical, topographic, and aerial visual information to aid in the location and mapping of pegmatite bodies. In the 2023 field season, follow-up geological and geochemical surveys are planned across the highest-priority areas in order to delineate potentially lithium-bearing pegmatite dykes and sills and to optimize resultant drill targets.

To view maps and more information on Hydra, visit our website at: https://alxresources.com/hydra-lithium/.

About Hydra

Hydra now consists of six sub-projects totaling 21,746 hectares (53,734 acres) known as Volta (4,806 ha.), Echo (5,537 ha.), Nike (2,056 ha.), Sprite (3,438 ha.), Cobra (4,249 ha.) and Viper (1,280 ha.), all located within a fertile mineral exploration district that is known to host the following existing lithium deposits: