Alix, Geo Minerals agreement for coal permits

Alix Resources Corp (C:AIX)
Shares Issued 27,649,968
Last Close 11/17/2008 $0.06
Tuesday November 18 2008 - Property Agreement

Also Geo Minerals Ltd (C:GM) Property Agreement

The TSX Venture Exchange has accepted for filing documentation in connection with a letter agreement dated Nov. 5, 2008, between Alix Resources Corp. and Geo Minerals Ltd. (the optionees) and NuCoal Energy Corp., whereby Alix and Geo are acquiring up to an undivided 60-per-cent interest in four coal permit applications located in Saskatchewan and Manitoba. If Alix and Geo prepare or obtain a feasibility study in relation to one or more of the claims, NuCoal will transfer an additional undivided 20-per-cent interest in and to the claims for a total holding of an 80-per-cent undivided interest. NuCoal is also granting an option to Alix and Geo to acquire an undivided 60-per-cent interest in any three NuCoal claim groups located in the central-north portions of Saskatchewan. In consideration each of Alix and Geo must pay $250,000 over a five-month period, issue one million common shares on or before five business days from exchange acceptance of the agreement for filing, and incur a total of $2.5-million in exploration expenditures with a minimum of $860,000 to be incurred on or before the first anniversary of the approval date.

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