ALX Resources Corp. announced that it has acquired by way of purchase the Reindeer Lithium Project in northern Saskatchewan. Reindeer consists of 5 mineral claims totalling 13,239 hectares (32,713 acres), located approximately 130 kilometres (81 miles) due east of LaRonge, SK and 20 kilometres (12.4 miles) southwest of the community of Pelican Narrows, SK.

Reindeer is 100%-owned by ALX, subject to a 2.0% net smelter returns royalty (NSR) in favour of the vendor of the Project claims. In consideration for the acquisition of the Claims, ALX has agreed to pay $12,500 to the vendor for a 100% interest in the Claims, subject to a 2.0% NSR. ALX is entitled to purchase one-half of the NSR (1.0%) from the vendor at any time within five years from closing of the transaction for the Claims, for $2,000,000.