VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2009) - ALIX RESOURCES CORP. (TSX VENTURE:AIX)(FRANKFURT:37N) and CLOUDBREAK RESOURCES LTD. (TSX VENTURE:CDB)(FRANKFURT:C6K) (The "Companies") announce that they have entered into a joint venture agreement with regards to the Companies recent acquisitions in the Yukon. Each Company will be responsible for 50% of all expenditures and work programs and will be joint operators of the combined property.
The lode quartz mineral claims, adjacent to the White Gold Property held by Underworld Resources Inc. (TSX VENTURE:UW) located in the Yukon, have been acquired by both Alix (see PR June 11th, 2009) and Cloudbreak (see PR June 15th, 2009). The combined 25 claims total approximately 1,000 hectares and are tagged directly to the east of Underworld's White Gold Project and approximately 4 km from the recently announced (May 26, 2009) discovery of 103 meters of 3.4 g/t Au.
The Companies will continue to seek additional claims in the area.
Alix and Cloudbreak are now arranging to mobilize a field crew to the property as soon as possible to begin a systematic geological and geochemical survey of the claim block. This work will include detailed silt sampling of streams, along with rock and soil sampling and geologic mapping. It is the intention of the Companies to begin the surface exploration program as quickly as possible with the goal of beginning a drill program this summer.
The technical contents of this release were approved by Alix Advisory Board member and qualified person as defined by National Instrument 43-101, Dr. Tom McCandless, P.Geo.
For further information please visit the Companies websites located at www.alixresources.com and www.cloudbreakresources.com.
ON BEHALF OF THE BOARD
Michael England, President Alix Resources
Richard Macey, President Cloudbreak Resources
FOR FURTHER INFORMATION PLEASE CONTACT:
Alix Resources Corp.
1-604-683-3995 or Toll Free: 1-888-945-4770
Cloudbreak Resources Ltd.