ALX Resources Corp. announced that it has executed a binding letter agreement for an option to earn up to an 80% interest in the Alligator Lake Gold Project located approximately 165 kilometres northeast of La Ronge, SK, Canada. The Project consists of five claims totaling 2,973.32 hectares and is prospective for high-grade gold mineralization. Alligator is located adjacent to Provincial Highway 102, and has an established winter trail suitable for mobilizing drilling equipment directly to ALX's primary area of interest. The Project has been held since 1985 by Alligator Resources Ltd., a private Saskatchewan corporation, and has been the subject of a number of seasonal prospecting programs and limited geophysical surveying. A total of 16 diamond drill holes have been drilled since 1995 to depths averaging less than 86 metres. In October 2020, ALX carried out its first site visit to Alligator and collected fifteen rock samples from areas of historical bedrock showings. An outcrop sample taken by ALX at the Broken Hammer Zone showing returned 504.0 grams/tonne gold, and 46.2 g/t silver, by fire assay. A follow-up total metallic gold assay returned 547.0 g/t gold. Twelve of the fifteen outcrop samples collected by ALX were anomalous in gold, with four other high-grade samples returning between 2.71 g/t gold and 22.8 g/t gold. A surface exploration permit was issued by the Government of Saskatchewan in January 2021 approving up to 5,000 metres of diamond drilling at Alligator, good to March 31, 2022.