ALX Resources Corp. announced the results of a reconnaissance soil sampling program and a new geophysical interpretation study carried out on its 100%-owned Falcon Nickel Project ("Falcon", or the "Project") located in the northern Athabasca region of Saskatchewan, Canada. The integration of the new exploration data with the known geology mapped at the Project has led to the definition of a compelling new target area for drilling in the winter of 2020. Results of 2019 Geophysical and Geochemical Work: The Currie Lake East ("CLE") airborne conductor was modelled by Condor Consulting Inc. of Lakewood, Colorado ("Condor") as part of a detailed interpretation of historical digital data from three airborne surveys flown over the Falcon area between 1991 and 2008. Condor is recognized internationally as expert in the field of airborne electromagnetics. The CLE conductor was first detected by a 2005 Versatile Time Domain Electromagnetic (VTEMTM) airborne survey, but the results were not processed with modern computer modelling techniques until ALX commissioned its 2019 study. Condor describes the CLE conductor as a deeper, late-time, high-priority EM conductor approximately 1.2 kilometers in length that is associated with a magnetic anomaly. This conductor is located approximately 4 kilometers north of the historic Axis Lake East nickel-copper-cobalt deposit and ranks as one of the most significant geophysical anomalies described in the Condor interpretation report to ALX. In October 2019, ALX collected a total of 45 soil samples from a land-based grid aligned over the surface trace of the CLE conductor which were submitted to Activation Laboratories Ltd. (Actlabs) in Ancaster, Ontario for conventional and Spatiotemporal Geochemical Hydrocarbons ("SGH") analysis. This initial soil survey program represents ALX's first test of the SGH process, which is reported to detect buried mineralization at depths up to 500 meters. A nickel copper anomaly was detected within the grid over the western end of the CLE conductor trace. According to the SGH report, the results could indicate the presence of a "Redox zone", which may be associated with the presence of nickel-copper mineralization beneath this anomaly. The nickel and copper anomalies at Falcon directly coincide with one another, giving further confidence that this result might represent a surface indication of nickel-copper type mineralization. 2020 Falcon SGH Sampling Program: ALX is about to commence a helicopter-supported SGH survey from the surface ice of a lake located directly east of the October 2019 soil survey grid over the eastern end of the CLE conductor trace. In 1993, a single sediment sample taken from the same lake by the Geological Survey of Canada returned a value of 153 parts per million ("ppm") nickel, 107 ppm copper, and 118 ppm cobalt, with the nickel and cobalt results ranking in the 99th percentile of the 1,664 samples collected in the regional survey. ALX plans to collect up to 90 lake sediment samples from a grid consisting of nine lines spaced approximately 100 meters apart, which should provide ample coverage over the CLE conductor trace. Results from the SGH survey are expected in late February 2020 and will be integrated into the targeting matrix for ALX's inaugural drilling program at Falcon planned to begin in March 2020.
ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.
ALX RESOURCES CORP. 
