ALX Resources Corp. provided an update on its recent lithium exploration activities in the James Bay Region of the Province of Quebec, Canada. On January 31, 2023, the Company received a report from its geological contractor, Dahrouge Geological Consulting of Montreal, QC, on the results of a reconnaissance prospecting program completed in October 2022 at the Hydra Lithium Project.

Also in late January 2023, ALX staked a new sub-project known as the Python Project. Python covers a historically sampled, lithium-bearing pegmatite showing located within a prospective geological trend of mafic gneiss, interpreted to be volcanic rocks within an unnamed greenstone belt. Compilation of historical data related to Hydra and other areas in the region that are prospective for LCT pegmatites is ongoing.

ALX is planning airborne and photogrammetric surveys to provide additional geophysical, topographic, and aerial visual information to aid in the location and mapping of pegmatite bodies. In the 2023 spring/summer field season, follow-up geological and geochemical surveys are planned across the highest-priority areas in order to delineate potentially lithium-bearing pegmatite dykes and sills and to optimize resultant drill targets.