ALX Resources Corp. announced a 2024 winter drilling program at Gibbons Creek of approximately 1,200 metres of diamond drilling in up to six (6) holes to test for unconformity-type and basement-hosted uranium mineralization in the eastern area of the Project. Mobilization of equipment and personnel is planned for the first week of March, with drilling scheduled to commence on or about March 7, 2024.

The drilling program is expected to be completed by the end of March or early April 2024. ALX has carried a comprehensive review of Gibbons Creek historical exploration data and has integrated that information with the high-resolution magnetic and SGH geochemical surveys completed in November 2023. Six (6) targets have been selected for drill testing in the 2024 winter program, totaling approximately 1,200 metres of drilling.

The historical data and the results of ALX's ground surveys on the 2023 exploration grid show important characteristics of the Project's potential to host uranium mineralization, which is demonstrated by the mineralization found in ALX's 2015 hole GC15-03 (0.13% U3O8 over 0.23 metres from 107.67 metres to 107.90 metres) and in Eldorado Nuclear's 1979 hole GC-15 (0.179% U3O8 over 0.13 metres from 134.11 to 134.24 metres). The historical data review by ALX included the results from the following survey methods: DC resistivity surveys; Ground gravity survey; Ground electromagnetic surveys; Radon in soil survey; Digitized drill traces and the radiometric and geochemical results of historical drill holes by Famok (1969), Eldorado Nuclear (1979,1980), and ALX (2015).