[Marinir] {Disarmed} Alix and Caribou Increase Land Position Around Wellgreen Project, Yukon

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http://www.alixresources.com/ 

Alix and Caribou Increase Land Position Around Wellgreen Project, Yukon 

July 20th, 2011, VANCOUVER, B.C.- ALIX RESOURCES CORP. ( AIX -TSX:V)(37N 
- FRANKFURT) and CARIBOU COPPER RESOURCES LTD. ( CKR 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=aix&region=C&lookup=symbol&snapshot=default 

-TSX-V) ('the companies') announce that they have increased the land 
positions of their Vault and Corky properties adjacent to the Prophecy 
Platinum (NKL-TSX-V) Wellgreen Project, located 140 kilometers northwest 
of Haines Junction in the Whitehorse Mining District of South-Western 
Yukon. In recent news, Prophecy Platinum reported a NI 43-101 compliant 
estimate of 1.04 million ounces PGM+Au indicated and 10.97 million 
ounces PGM+Au inferred at the Wellgreen Project ( see Prophecy Platinum 
News Release, July 15, 2011 ). 

The Companies have successfully staked a total of 228 additional claims 
in the Yukon, six of which cover most of the 500 meters between the 
Companies' Vault property and the Wellgreen Project. The balance of 
claims adjoin the Strategic Metals (SMD-TSX:V) "Burwash" claims and 
greatly increase Caribou and Alix's exposure to this exciting area ( see 
Alix and Caribou News Releases, July 18h, 2011 ). 

Alix obtained the Vault and Corky properties as part of a five-property 
Yukon portfolio from Strategic Metals Ltd. in an option agreement 
whereby Alix can obtain 100% of the five properties by issuing 9.9% of 
its outstanding share capital to Strategic and making cumulative cash 
payments totaling $3,000,000 over a four-year period ( see Alix News 
Release, January 31, 2011 ). In May 2011, Caribou entered into an 
agreement with Alix whereby 49% interest in the five properties can be 
obtained by issuing 500,000 common shares and spending $600,000 on the 
properties over two years ( see Caribou News Release, May 11th, 2011 ). 
Caribou also shares its proportionate amount of the underlying agreement 
with Strategic Metals Ltd. on these five properties. 

Alix Resources is a junior exploration company actively seeking base and 
precious metal venture opportunities for the benefit of all of its 
stakeholders. For more information visit the website at 
www.alixresources.com 

http://www.alixresources.com 

. 

Caribou Copper's mission is to identify, acquire, and advance high 
potential base and precious metal prospects. For more information visit 
the website at www.cariboucopper.com 

http://www.cariboucopper.com 

. 

ON BEHALF OF THE BOARD 

Michael England, President, Alix Resources Corporation. 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Telephone: 1-604-683-3995 

Toll Free: 1-888-945-4770 

Forward-Looking Statement: 

Some of the statements in this news release contain forward-looking 
information that involves inherent risk and uncertainty affecting the 
business of Alix Resources, Corp. and Caribou Copper Resources. Actual 
results may differ materially from those currently anticipated in such 
statements. Neither the 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. 

For more information about this service, please see: 
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