ALX Resources Corp. announced that it has received the results of an airborne Z-Axis Tipper electromagnetic ("ZTEMTM") survey flown in June 2023 at the Hook-Carter Uranium Project ("Hook-Carter", or the "Project"). Hook-Carter consists of eleven claims covering 25,115 hectares and is located in the southwest corner of the Athabasca Basin approximately 147 kilometres northeast of La Loche, SK.

The Project has excellent potential to host economic uranium deposits. Hook-Carter is interpreted to host the northeastern strike extension of the Patterson Lake Corridor ("PLC"), which hosts Nexgen Energy's Arrow uranium deposit, Fission Uranium's Triple R uranium deposit, and Purepoint Uranium Group's ("Purepoint") Spitfire, Hornet and Dragon zones in a joint venture with Cameco Corporation and Orano Canada. The Project also overlies the interpreted strike extension of the Carter and Derksen corridors, each of which represent highly-prospective, under-explored corridors in which significant uranium mineralization may exist.

ZTEMTM is a deep-penetrating airborne electromagnetic ("EM") survey method known to be an effective exploration method for detecting geophysical conductors that may be associated with unconformity uranium mineralization. The 2023 Hook-Carter ZTEMTM survey successfully outlined historical conductors present at Hook-Carter and resolved new conductors in deeper terrain that were not identified by previous geophysical surveys.