ALX Resources Corp. Begins Drilling Program at Electra Nickel Project, Ontario

ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program is underway at its Electra Nickel Project located 35 kilometres northwest of Thunder Bay, Ontario, Canada.

2022 Exploration Program

On March 10, 2022 ALX received an exploration permit from the Ontario Ministry of Energy, Northern Development and Mines for a diamond drilling program consisting of eight holes totaling approximately 1,750 metres, good until March 2025. The duration of the 2022 winter drilling program is weather dependent; however, the network of established forestry roads within Electra provides good access to the drill sites. Certain of the drill sites may be accessible for drilling in the spring or summer of 2022.

Electra 2022 Drill Hole Plan with Down Hole EM Loops

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About Electra

Electra is located near Thunder Bay, Ontario, in a fertile exploration district well-linked to highways, roads and trails, and lies near a powerline and the Canadian National Railroad. The Project consists of 190 cell units totaling approximately 4,066 hectares (10,047 acres) and is prospective for nickel-copper-cobalt, platinum group elements, and gold. ALX has the option to earn a 100% interest in Electra after fulfilling payment obligations of cash and common shares, and exploration expenditures (see ALX news release dated December 31, 2020).

In the fall of 2021, ALX developed new drill targets at Electra from the integration of the results of a 2021 VTEM^TM airborne survey with a follow-up prospecting and geological mapping program. Geophysical programs consisting of downhole and ground electromagnetic surveys remain in application. The Company is pleased with the successful engagement that occurred with local First Nations and Metis communities during the permitting process and looks forward to a good working relationship with stakeholders in the Project area.

The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX is an active explorer with interests in a number of uranium exploration properties in northern Saskatchewan, including 100% interests in the Gibbons Creek Uranium Project,the Sabre Uranium Project and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) as operator of exploration since 2016.

ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying VeeNickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.

For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com

On Behalf of the Board of Directors of ALX Resources Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD-LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: ALX's plans to undertake exploration activities at the Electra Nickel Project, and to expend funds on the Project. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration on our exploration projects, including drilling; our initial findings at our exploration projects may prove to be unworthy of further expenditures; commodity prices may not support further exploration expenditures; exploration programs may be delayed or changed due to any delays experienced in consultation and engagement activities with First Nations and Metis communities and the results of such consultations;and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop our projects, and even if nickel, uranium, gold or other metals or minerals are discovered in quantity, ALX's projects may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Nine Months Ended September 30, 2021, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.

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

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ALX Resources Corp. Intersects Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an update on the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The second and third holes of the planned 6-hole program have intersected narrow intervals of uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX's geological team.

Hole GC24-02 (180 degree azimuth / -75 degree dip) was drilled at the intersection of east-west and north-northwest faults interpreted from the 2023 ground magnetic survey and intersected fracture-controlled and disseminated blebs of uranium mineralization at 0.8 metres below the unconformity, which was reached at a depth of 108.4 metres. An Exploranium GR-135 handheld scintillometer measured radioactivity of 220 counts per second ("cps") and a Mount Sopris 2PGA-1000 downhole gamma probe measured a radiometric peak of 3,321 cps within a 0.6 metre interval of anomalous radioactivity from 108.9 to 109.5 metres. Drill hole GC24-02 represents an approximately 470-metre step-out to the west of ALX's historical hole GC15-03 (0.143% U3O8 assay over 0.23 metres) and was collared approximately 350 metres to the southwest of Eldorado Nuclear's ("Eldorado") 1979 hole GC-15 (1,520 parts per million ("ppm") uranium over 0.13 metres) (see Figure 1).

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ALX Resources Corp. Announces Commencement of 2024 Winter Drilling Program at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program has commenced at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. Drilling in up to six (6) holes totaling approximately 1,200 metres is planned and is anticipated to continue until the end of March 2024.

The 2024 winter drilling program at Gibbons Creek (see Figure 1) is designed to test for unconformity-type and basement-hosted uranium mineralization in the eastern area of the Project. Weather conditions are satisfactory for the mobilization of equipment and personnel and the work is proceeding as scheduled. Proximity to the community and infrastructure of Stony Rapids adds greatly to the efficiency of the exploration program.

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ALX Resources Corp. Announces Option Earn-In Transaction and 2024 Winter Drilling Program for the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an option earn-in transaction (the "Transaction") for its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. ALX has executed a binding letter agreement (the "Letter Agreement") with Trinex Lithium Ltd., a wholly-owned subsidiary of Trinex Minerals Limited ("Trinex"), which is a publicly-traded mineral exploration company listed on the Australian Securities Exchange. Under the terms of the Letter Agreement, Trinex can earn an initial 51% interest and up to a 75% participating interest in the Project in two stages over a period of five years by making cash payments and common shares payments to ALX, and by incurring exploration expenditures as shown in the table below.

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ALX Resources Corp. Detects SGH Geochemical Uranium Anomaly at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the receipt of results from a Soil Gas Hydrocarbon ("SGH") geochemistry survey carried out on its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the town of Stony Rapids, SK. The SGH survey was designed to collect detailed geochemical signatures over fault structures and surface expressions of uranium where the Company previously intersected basement-hosted uranium mineralization grading 0.13% U3O8 over 0.23 metres from 107.67 to 107.90 metres in drill hole GC15-03, and over a strong radon anomaly that was detected on surface by a predecessor company in 2013.

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Indicator Minerals in Gold Exploration (Updated 2024)

Indicator minerals, also known as pathfinder minerals, are used by those engaged in mineral exploration to effectively narrow down the search area for many different types of ore deposits.

When found as grains in sediments and/or rocks, these minerals give clues as to the presence and location of specific types of mineralization. They tend to be used in the search for gold, copper, nickel, tungsten, diamond and platinum-group metals deposits.

In indicator mineral-based exploration programs, sediments and rocks are either geochemically tested or visually inspected for clues about the distance and direction of their source. When it comes to visual inspection, rocks are examined for certain grain morphologies and surface textures in order to obtain information about transport distance and bedrock source.

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Rio Silver Inc. Proposes to Extend Warrant Expiry Date

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) (OTC: RYOOF) is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "Agreement") with Dig Media Inc. dba Investing News Network ("INN"). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007.

INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange (the "TSXV") policies. The engagement is subject to acceptance by the TSXV.

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Option Stages	Cash Payments (CAD)	Value of Share Payments (CAD)	Annual Exploration Expenditures (CAD)	Participating Interest Earned by Trinex
Upon signing the Letter Agreement	$50,000	-	-	-
Upon signing the Definitive Agreement (the "Effective Date")	$50,000	$250,000	-	-
On or before 1st Anniversary of the Effective date	$150,000	$300,000	$1,000,000	-
On or before 2nd Anniversary of the Effective date	$200,000	$350,000	$1,000,000	-
On or before 3rd Anniversary of the Effective date	$250,000	$400,000	$1,000,000	51%
On or before 4th Anniversary of the Effective date	$300,000	$450,000	$1,250,000	-
On or before 5th Anniversary of the Effective date	$350,000	$500,000	$1,250,000	75%
TOTALS	$1,350,000	$2,250,000	$5,500,000	75%

Sampel	Type	Origin	WGS84 Z18S Easting	WGS84 Z18S Northing	length (m)	Au g/t	Ag g/t	Cu %	Pb %	Zn %
2101	C	S	803,491	8,296,553	0.80	0.30	1.2	0.0	0.0	0.0
2103	C	S	803,493	8,296,666	1.00	0.53	8.9	0.0	0.0	0.0
2104	C	S	803,658	8,296,620	0.30	0.15	0.7	0.0	0.0	0.0
2108	C	S	803,700	8,296,468	0.60	0.12	1.9	0.0	0.0	0.0
2109	C	S	803,700	8,296,469	0.50	0.30	6.2	0.0	0.0	0.0
2113	C	S	803,730	8,296,446	1.00	0.25	40.1	0.0	0.0	0.0
2117	C	S	803,481	8,296,736	1.10	0.12	3.8	0.0	0.1	0.0
2119	C	S	803,457	8,296,803	0.50	0.58	2.6	0.0	0.0	0.0
2120	C	S	803,456	8,296,803	0.60	1.57	9.1	0.0	0.0	0.1
2123	C	S	803,399	8,296,787	0.50	2.77	9.7	0.0	0.0	0.0
2124	C	S	803,399	8,296,788	0.80	0.27	5.1	0.0	0.0	0.1
2125	C	S	803,298	8,297,044	0.35	1.70	57.7	0.0	0.1	0.1
2126	C	S	803,298	8,297,043	0.60	6.22	33.0	0.0	0.1	0.1
2127	C	S	803,189	8,297,146	0.35	5.01	138.0	0.0	0.1	0.0
2128	C	S	803,303	8,296,978	0.80	0.27	17.4	0.0	0.1	0.1
2129	C	S	803,257	8,297,133	0.40	1.75	84.1	0.0	0.0	0.1
2130	C	S	803,256	8,297,133	0.85	0.65	42.6	0.0	0.0	0.1
2134	C	S	803,594	8,297,072	0.60	0.18	26.2	0.0	0.4	0.1
2139	G	U	801,951	8,294,338	N/A	6.96	81.4	0.1	0.4	0.8
2140	G	U	801,929	8,294,348	N/A	1.06	23.1	0.0	0.7	1.2
2141	C	U	801,882	8,294,362	0.30	0.12	5.5	0.0	0.0	0.1
2143	C	U	801,832	8,294,389	0.30	0.90	29.1	0.0	0.1	0.3
2145	G	U	801,809	8,294,390	N/A	8.55	523.0	0.0	0.4	0.2
2149	C	U	801,824	8,294,392	0.45	6.19	97.0	0.1	0.4	0.4
2150	C	U	802,276	8,293,072	0.90	0.14	40.1	0.1	2.1	1.3
2152	C	U	802,297	8,293,075	0.30	2.11	48.5	0.0	1.6	3.6
2154	C	U	802,297	8,293,075	0.50	0.11	6.3	0.0	0.3	0.8
2156	C	U	802,374	8,293,117	0.90	0.18	6.6	0.1	0.2	0.4
2157	C	U	802,382	8,293,119	1.50	0.16	13.7	0.1	0.3	2.2
2159	C	U	802,412	8,293,119	0.40	0.16	22.7	0.0	2.7	1.6
2160	C	U	802,439	8,293,126	0.80	0.10	34.1	0.2	2.3	2.7
2162	G	U	802,498	8,293,150	N/A	0.60	5.0	0.0	0.1	0.2
2163	C	U	802,520	8,293,161	0.65	0.24	7.2	0.0	0.5	1.0
2165	C	U	802,542	8,293,167	0.30	0.11	2.9	0.0	0.2	0.2
2166	C	U	802,596	8,293,176	0.55	0.29	2.4	0.0	0.1	0.2
2167	C	U	802,595	8,293,175	0.60	0.20	23.5	0.0	2.9	2.2
2169	C	U	802,327	8,293,090	0.55	0.27	4.3	0.0	0.0	0.1
2171	C	U	802,327	8,293,091	0.50	0.43	29.4	0.0	0.6	0.7
2173	C	U	802,367	8,293,108	0.45	0.37	14.7	0.0	0.6	0.3
2175	C	U	802,385	8,293,111	0.90	0.32	69.0	0.6	3.8	2.6
2176	C	U	802,405	8,293,113	0.35	1.22	60.8	0.2	3.7	2.7
2178	C	U	802,424	8,293,116	0.55	0.17	5.8	0.0	0.2	0.3
2179	C	U	802,424	8,293,115	0.40	0.49	210.0	0.3	23.7	9.9
2181	C	U	802,424	8,293,115	0.70	0.16	35.3	0.1	0.1	1.0
2182	C	U	802,453	8,293,126	0.75	0.17	7.8	0.0	0.2	0.2
2183	C	U	802,510	8,293,155	0.80	0.25	6.6	0.0	0.2	0.5
2184	C	U	802,509	8,293,156	0.50	0.65	30.5	0.1	1.8	6.1
2185	C	U	802,629	8,293,181	0.40	0.12	5.7	0.1	0.1	0.3
2187	C	U	802,676	8,293,176	0.55	0.54	10.6	0.0	0.4	0.8
2188	C	U	802,676	8,293,176	0.35	0.27	15.9	0.1	1.6	0.6
2189	C	U	802,331	8,293,090	2.00	0.40	12.9	0.0	0.5	0.3
2200	C	U	802,361	8,293,107	0.40	0.19	3.3	0.0	0.3	0.4
2202	C	U	802,371	8,293,108	0.70	0.12	5.1	0.0	0.1	0.1
2203	C	U	802,371	8,293,107	0.65	0.11	9.1	0.0	0.9	0.2
2206	C	U	802,375	8,293,108	1.60	0.16	2.4	0.0	0.1	0.2
2209	C	U	802,383	8,293,111	0.30	0.13	23.0	0.1	0.6	0.8

ALX Resources Corp. Begins Drilling Program at Electra Nickel Project, Ontario

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Overview

Company Highlights

Key Projects

Firebird Nickel

Vixen Gold

Flying Vee Nickel Project

Gibbons Creek Uranium

Management Team

Warren Stanyer - Chairman and CEO

Patrick Groening - CFO

Sierd Eriks – Technical Advisor

Christina Boddy – Corporate Secretary

David Quirt – Technical Advisor

How are indicator and pathfinder minerals used in gold exploration?

1. Gold grain morphology

2. Gold grain inclusions

3. Composition studies

4. Geochemistry

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