Vancouver, September 21, 2023 – ALX Resources Corp. (“ALX” or the “Company”) (TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce that it has received an exploration permit from the Government of Saskatchewan to include prospecting, geological mapping and ground geophysical surveys at its 100%-owned McKenzie Lake Uranium Project (“McKenzie Lake”, or the “Project”) located in the southeastern Athabasca Basin area of northern Saskatchewan, Canada.

McKenzie Lake Exploration by ALX

In April 2023, ALX applied to the Government of Saskatchewan for a low-impact, surface exploration permit on McKenzie Lake as follow-up to a high-resolution magnetic and radiometric airborne survey and an initial site visit ALX carried out in late 2021. The exploration permit was subsequently received in late August 2023.

The high-resolution airborne magnetic and radiometric survey at McKenzie Lake flown by Special Projects Inc. provided detailed geophysical information on the geological structures present on the Project and identified radiometric “hot spots” for future investigation. ALX subsequently employed artificial intelligence analysis provided by KorrAI of Halifax, NS, to assist in the selection of target areas for surface prospecting at McKenzie Lake.

Three samples of interest were collected from boulder fields in the brief site visit to McKenzie Lake; samples 149616 (844 ppm U-total, uranium assay was 0.101% U3O8), 149617 (273 ppm U-total) and 149618 (259 ppm U-total). These uranium results, in particular the 844 ppm U-total (and corresponding 797 ppm U-partial) in sample 149616 are anomalous and warrant further investigation.

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