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Announce Acquisition of Coal Prospecting Permits

posted on Mar 06, 2009 05:19AM
March 6, 2009
Alix and Geo Announce Acquisition of Coal Prospecting Permits Approximately Two Kilometers From Goldsource's Latest "Split-Leaf" Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2009) - ALIX RESOURCES CORP. (TSX VENTURE:AIX)(FRANKFURT:37N) and GEO MINERALS LTD. (TSX VENTURE:GM) (The "Companies") are pleased to announce the acquisition of an 80% interest in the "Hudson Bay" property from NuCoal Energy Corp. The Hudson Bay property is comprised of just over 7,000 acres of highly prospective Coal Prospecting Permits of which the closest boundary is approximately 2 kilometers from the Goldsource Mines' new Split-Leaf Coal Discovery. Portions of the acquired Coal Prospecting Permits extend across to the North side of the Red Deer River, a water feature, outlined in the map attached to the Goldsource news release of March 2, 2009.

In consideration for this 80% interest Geo and Alix will pay 75,000 shares each to NuCoal.

This transaction is subject to TSX Venture approval.

For further information we invite you to visit us at www.alixresources.com and www.geominerals.ca.

Alix Resources and Geo Minerals are each junior exploration companies actively seeking mineral and energy opportunities for the benefit of all our stakeholders.

ON BEHALF OF THE BOARD

Michael England, President
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