ALX Resources Grants Earn-In Option to Forrestania Resources on Hydra Lithium Project, James Bay Region, Quebec

Mr. Warren Stanyer reports:

Vancouver, British Columbia–(Newsfile Corp. – May 8, 2023) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has granted an option to earn a 50% interest in the Hydra Lithium Project ("Hydra", or the "Project") to Forrestania Resources Limited , of West Perth, Australia ("Forrestania"). Hydra is located in the James Bay region in the Province of Quebec, Canada, which has become one of the most attractive lithium exploration districts in the world.

Details of the Option Agreement

ALX staked eight Hydra sub-projects in late 2022 and early 2023, and is currently the 100% owner of the Project. Staking and exploration costs incurred by ALX to the end of the 2023 field season are projected to total CAD $900,000. The following terms provide for Forrestania to essentially match ALX’s staking and exploration commitment. To earn […]

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