Vancouver - ALX Resources Corp. ('ALX' or the 'Company') (TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce that it has acquired by staking the Hummingbird Gold Project, ('Hummingbird', or the 'Project') located in northern Saskatchewan, Canada.

Hummingbird consists of 12 claims totaling 14,097.87 hectares (34,836.60 acres) that are situated approximately 35 kilometres (22 miles) northwest of the town of Stony Rapids, Saskatchewan. The Project is contiguous to the Company's Firebird Nickel Project, currently under option to Rio Tinto Exploration Canada Inc. ALX has determined that Hummingbird is prospective for gold mineralization and the Company is using remote sensing techniques to detect surface alteration zones in a large underexplored area.

Highlights of the Hummingbird Gold Project

ALX recognized the gold potential of Hummingbird and commissioned KorrAI of Halifax, NS to use artificial intelligence ('A.I.') data processing methods to efficiently detect surficial alteration along fault zones partially concealed by vegetation and wetlands.

Major NE-SW shear zones striking through Hummingbird extend southward to the Pine Channel Assemblage, where historical high-grade surface outcrop and rock samples, some with visible gold, ranged up to 874 grams/tonne ('g/t') gold1.

Lake sediment samples collected in the 1980s along these structural trends in the central part of Hummingbird ranged as high as 320 parts per billion ('ppb') gold2.

Historical ground prospecting in the 1980s and 1990s westward from the Pine Channel area along the NE-SW trending shear zones simply ended within the central Hummingbird claim block, creating a type of geological 'No Man's Land', mainly due to budgetary constraints and low gold prices of the era.

About ALX

ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol 'AL', on the Frankfurt Stock Exchange under the symbol '6LLN' and in the United States OTC market under the symbol 'ALXEF'.

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include gold, nickel-copper-cobalt and uranium projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.

ALX owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada, who can earn up to an 80% interest), Flying Vee and Sceptre Gold projects in northern Saskatchewan, the Vixen Gold Project and the Electra Nickel Project located in historic mining districts of Ontario, Canada, and the Draco VMS Project in Norway. ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, with Denison Mines Corp. (80% interest) operating exploration since 2016.

Contact:

Roger Leschuk

Tel: 604.629.0293

Email: rleschuk@alxresources.com

FORWARD LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include: the Hummingbird Gold Project ('Hummingbird') is prospective for gold mineralization; the Company's plans to undertake exploration activities at Hummingbird, and expend funds on Hummingbird. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at Hummingbird, including drilling; our initial findings at Hummingbird may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at Hummingbird and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop Hummingbird, and even if gold or other metals or minerals are discovered in quantity, the project may not be prove to be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Nine Months Ended September 30, 2020, which is available under the Company's SEDAR profile at www.sedar.com.

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