ALX Uranium Corp. announced that a diamond drilling program is underway at the Hook-Carter Uranium Project ("Hook-Carter", or the "Project") located in the southwestern Athabasca Basin of Saskatchewan, Canada. Exploration at Hook-Carter is operated by Denison Mines Corp. The Project lies within the highly-prospective Patterson Lake Corridor ("PLC") and is owned 80% by Denison and 20% by ALX. Winter 2019 Drilling Program: Denison has planned a 6-hole diamond drilling program, totaling approximately 3,900 metres, budgeted at $1.4 million. The objective of the 2019 program is to test additional high-priority geophysical targets identified in the 2017 ground resistivity and electromagnetic ("EM") surveys on the southwestern portion of the PLC. The 2019 drill targets geographically cover untested portions of each EM conductor on the southwestern portion of the PLC, and favour the eastern edge of the PLC where detailed geochemical analysis of the 2018 drilling results has revealed positive exploration vectors. Completion of drilling at these targets, in addition to the targets drilled in 2018, will provide reconnaissance drill hole coverage of the 2017 geophysical grid at an approximate 1,200 metre spacing along strike. Drilling in 2018, focused on the 2017 geophysical grid (southwestern portion of the PLC on Hook-Carter), identified zones of interest including reactivated brittle graphitic structures, very prospective alteration assemblages, and promising distal geochemical anomalies. Considering that the PLC hosts multiple EM conductors, and that even the largest deposits can have a plan profile of less than 900 by 200 metres, significant space and potential exists for sizeable deposits on the 2017 geophysical grid area. Outside of the 2017 geophysical grid area, there remains considerable potential along the PLC to the northeast, and both the Carter and Derkson Corridors located within the Project also have potential for hosting uranium deposits. About Hook-Carter: Hook-Carter consists of 80 claims covering 24,229 hectares and is located approximately 375 kilometres (233 miles) northwest of La Ronge, SK. The Project is located along the prolific Patterson Lake Corridor - host to the Triple R uranium deposit (Fission Uranium Corp.), the Arrow uranium deposit, Harpoon, Bow and South Arrow uranium discoveries (NexGen Energy Ltd.), and the Spitfire, Hornet and Dragon uranium discoveries (a joint venture of Purepoint Uranium Group Inc., Cameco Corp., and Orano Canada Inc.). Denison has agreed to fund the first $12.0 million of expenditures at Hook-Carter. Exploration expenditures to date by Denison total approximately $4.9 million. The 2018 inaugural drilling programs at Hook-Carter tested an initial set of regional scale geophysical targets along 7.5 of the 15 kilometres of interpreted strike length of the PLC at the Project. The nine completed reconnaissance holes, totaling 6,960 metres, successfully identified multiple prospective trends of strong hydrothermal alteration in both the sandstone and basement lithologies associated with graphitic basement structures. These features are consistent with unconformity-related mineralizing systems in Athabasca Basin uranium deposits and provide a strong indication of the continuation of the mineralizing system within the PLC at Hook-Carter.