ALX Resources Corp. Announces Private Placement Financing Vancouver, British Columbia--(Newsfile Corp. - June 1, 2021) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") announced today a non-brokered private placement of flow-through units (the " FT Units") and non-flow-through units (the " NFT Units") for gross proceeds of up to $800,000 (the " Offering"). The Offering will be available to accredited investors and to existing shareholders of the Company resident in Canada. Up to 4,000,000 FT Units will be offered at a price of $0.10 per FT Unit consisting of one flow-through common share and one non flow-through common share purchase warrant, and up to 5,000,000 NFT Units will be offered at a price of $0.08 per NFT Unit consisting of one common share and one common share purchase warrant. One common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.15 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.12 for a period expiring 24 months following the closing date of the Offering.