Jul. 29, 2009 (Baystreet.ca) --
VANCOUVER, BRITISH COLUMBIA -- ALIX RESOURCES CORP. (TSX VENTURE: AIX)(FRANKFURT: 37N) and CLOUDBREAK RESOURCES LTD. (TSX VENTURE: CDB)(FRANKFURT: C6K) (the "Companies") announce that they have collectively acquired a further 125 claims in the vicinity of Underworld's White Gold discovery in the Yukon.
As announced July 7th, 2009 Alix and Cloudbreak entered into a joint venture agreement to jointly acquire and perform work programs in the White Gold district. These new claims bring the total claim count to approximately 150 claims, or 3,105 hectares making this land position one of the largest in the vicinity of Underworld's White Gold discovery of 103 meters of 3.4 g/t Au (see PR May 26, 2009).
Terms of the deal are: Alix and Cloudbreak shall issue to the vendor, Mr. Blair Naughty, 2.5 million shares and $25,000 from each Company, issue a 3% NSR with 1% purchasable for $1,000,000 at any time plus commit to spend $250,000 in year one.
Alix and Cloudbreak are in the process now of performing a systematic geological and geochemical survey of the initial claim block (see PR July 22, 2009).
It is the intention of the Companies to continue surface exploration programs on all the claims with the goal of beginning a drill program this summer.
This transaction is subject to the approval of the TSX Venture Exchange.
For further information please visit the Companies' websites located at www.alixresources.com and www.cloudbreakresources.com.
ON BEHALF OF THE BOARD
Michael England, President Alix Resources
Richard Macey, President Cloudbreak Resources
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Alix Resources Corp. Michael England President 1-604-683-3995 or Toll Free: 1-888-945-4770 www.alixresources.com Cloudbreak Resources Ltd. Richard Macey President 1-604-669-0401 www.cloudbreakresources.com
SOURCE: Alix Resources Corp. and Cloudbreak Resources Ltd.
http://www.alixresources.com http://www.cloudbreakresources.com