TORONTO, ONTARIO–(May 15, 2013) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) reported today on the results of its winter 2012-2013 drilling program on the Company’s Sleepy project located in Val d’Or, Quebec. A total of five holes were completed in the program with the most significant results from hole DDH SAX-13-025, in which multiple intervals of gold were intersected approximately 100 m west of hole DDH SAX-11-005, the previous deepest gold intersection that assayed 11.28 g/t Au over 3.3 m (True Width).

Eric Owens, President and CEO, said, “These results exceed or are consistent with prior holes completed nearby, and identify a significant extension of the Sleepy deposit below the Current Resource. Most encouragingly, the grades are higher overall with broader widths. This is a very positive outcome because we have substantially increased the potential for more resources here.”

The Current Resource at Sleepy consists of 1.6 million tonnes grading 3.00 g/t Au for 150,400 ounces of gold. It extends from surface to 400 m depth, is 350 m along strike and averages 5.35m wide. The mineral resource was completed by Geopointcom of Val d’Or, Quebec (see Press Release October 29, 2009). The new drilling combined with previous results outlines a zone below the Current Resource, that extends for 250 m along strike, lies between 250 m depth and 500 m depth, averages 7-8 m wide and remains open to depth.

Four other offset holes were also completed during the winter program, principally to the east of the Current Resource. These holes intersected Sleepy-type mineralization, returning low to anomalous values of gold. Focus on future drilling will be down-plunge and to the west.

As of March 1, 2013, the Company has ceased its drilling program and is currently planning the next round of drilling at Akasaba and adjacent targets on the surrounding properties. Drill hole assay results from exploratory targets at Akasaba are pending.

Program design, management, and Quality Control/Quality Assurance are governed by Alexandria’s exploration group of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons. Mr. Legein and Mr. Owens reviewed the results in this press release. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company’s website or onwww.sedar.com.

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. Global gold resources are distributed between three projects on its Cadillac Break Property package, Akasaba, Sleepy, and Orenada, the details of which can be found on the Company’s website at www.azx.ca. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

TORONTO, ONTARIO–(April 9, 2013) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) reported today on follow-up drill results from the West Gold-Copper Zone on its Akasaba Project in Val d’Or, Quebec. Diamond Drill Hole IAX-13-232 intersected 163.90 m grading 0.36 g/t Au and 0.20% Cu, including 81.65 m grading 0.53 g/t Au and 0.30% Cu. This hole tested the target zone 50 m below the Current Resource and shows that significant gold-copper mineralization continues at depth below the resource.

A second hole, IAX-13-234, intersected 41.00 m grading 0.22 g/t Au and 0.16% Cu, is encouraging because it suggests the gold-copper zone expands at depth 200 m below the surface, enlarging the West Zone to 500 m long along strike.

Eric Owens, President and CEO, said, “In addition to the expansion of the size of the West Zone, the results continue to be significant because the copper content has as much value as the gold content. Not only do they offer the prospect of holding economic potential, but the geology and style of mineralization suggests similarities to other significant gold districts such as the La Ronde-Bousquet-Doyon camp in Western Quebec, an area that has produced some 26 million ounces of gold over an 8 km stretch, about 1/4 the size of Alexandria’s property group.”

The West Gold Copper Zone hosts Inferred Resources of 14,863,740 tonnes grading 0.69 g/t Au and 0.41% Cu (See Press Release February 7, 2013), for a Gold Equivalent grade of 1.40 g/t Au. Eq. (Gold plus the value of copper expressed in g/t Au). The new holes expand the West Zone to 500 m long, 350 m deep and 60 m wide, and remain open at depth and to the west.

The Company has completed its wintertime drilling program and will be receiving further assays from its Akasaba and Sleepy projects. A total of 21 drill holes were completed during the winter, for 9,421 m. In the coming months, work will begin on in-fill drilling of the Company’s open pit resources at Akasaba and secondarily, at Orenada, in order to upgrade these resources.

Program design, management, and Quality Control/Quality Assurance are governed by Alexandria’s exploration group of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons. Mr. Legein and Mr. Owens reviewed the results in this press release. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company’s website or onwww.sedar.com.

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. Global gold resources are distributed between three projects on its Cadillac Break Property package, Akasaba, Sleepy, and Orenada, the details of which can be found on the Company’s website at www.azx.ca. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

In December, the Company completed a $3.2 million financing, at a price of $0.125, a 100% premium over market price. The Company began a 3-rig, winter-time drilling program on its Akasaba and Sleepy projects in order to take advantage of ice conditions to drill targets that would otherwise be difficult to access. Over this time, the Company has completed 21 drill holes, totaling 9,420meters on Akasaba and Sleepy. The aim of the drill program was two-fold: 1) to enlarge existing resources through continued step-out drilling in the immediate vicinity of the Akasaba and Sleepy deposits, and 2) to test new targets in areas around the Akasaba mine area which have similar geological and geophysical signatures.

Akasaba

On February 7, 2013, Alexandria Minerals released an updated NI 43-101 Resource Estimate at its Akasaba Gold-Copper Project, and on March 11, 2013, followed up by filing the NI 43-101 report on SEDAR (Press release March 13, 2013). The new Current Resources contain both open pit and underground resources as follows:

Underground resources have increased by 10% since the first NI 43-101 Resource Estimate completed in early 2012 (See Press Release March 27, 2012). More significantly, however, the open pit gold resources increased by 322%; and when the value of copper is included (as gold equivalent, “Au.Eq.”), this increase is far more substantial, at 551%.

This increase arose from the discovery of the West Gold-Copper Zone during the year, a result of Alexandria’s decision to step out further from the main mine area at Akasaba than previously drilled. The west Zone is a blind deposit, hidden under 5-15 meters of glacial overburden, and hosts a near-surface disseminated gold-copper deposit about 60 m wide, 400 m long along strike, and at least 300 m deep. The deposit remains open at depth. To the east, toward the Akasaba main mine area, company geologists are re-evaluating the copper contents of earlier drill holes drilled prior to the discovery of the West Zone.

Sleepy

In 2009, Alexandria completed its first NI 43-101 resource estimate at Sleepy, which consisted of 1.5 million tonnes grading 3.0 g/t Au, for 150,400 ounces of gold. The Current Resource is a disseminated pyrite-gold deposit in a gabbro sill about 5 km along strike with the past-producing Sigma 2 mine, which had a combined past production and resource of 2 million tonnes grading 2.4 g/t gold. The Current Resource extends for 300 meters along strike and 300 meters to depth.

In 2011, the Company deepened the deposit to 400 meters depth, with the following three drill hole results (all lengths in true widths):

• DDH SAX-11-001: 3.87 g/t Au over 7.0m
• DDH SAX-11-005: 11.28 g/t Au over 2.4 m
• DDH SAX-11-009: 6.66 g/t Au over 15.85 m

As a result, the current drill program was planned to expand on the deeper levels of the deposit, both along strike and at depth. One drill rig is wrapping up this four hole program. Assays are pending from this effort.

Next Steps

Last year, Alexandria focused on step-out drilling in its efforts to expand the gold deposit at Akasaba, resulting in a significant increase in the resources there. For the coming 12 months, Alexandria intends to change tactics slightly, by increasing the proportion of shallow-level in-fill drilling, focused on the open pit deposits at Akasaba and, secondarily, at Orenada. The Company considers that these relatively easily accessible deposits are collectively of a size that warrants more detailed looks at future production, and the possible opportunities of 5 gold mills in the region, all operating well below capacity.

Within this framework, the Company intends to complete a metallurgical study on the West Zone, begin background environmental studies, and aim toward producing a Preliminary Economic Assessment of the shallow, open pit deposits on its projects. As such drilling will comprise continued step-out drilling with focus on the West Zone, in-fill drilling, and new target testing over the coming year.

In other matters, the Company’s Board of directors has approved the issuance of 3,420,000 incentive stock options to directors, officers, employees and consultants. The options are exercisable at a price of $0.10 and expire on March 27, 2016.

All technical information included in this news release has been previously released, and approved by Eric Owens, P.Geo., and Peter Legein P.Geo., Qualified Persons, of Alexandria.

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding Exchange approval of the Agreement, payments and exploration expenditures due under the Agreement, the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

The updated Current Resource, which more than doubled the original estimates in less than one year (see Press Release March 27, 2012), is summarized as follows:

Table 1. NI 43-101 Gold Resources at Akasaba

Eric Owens, President of Alexandria Minerals, said, “These robust estimates presented in this study attest to the potential of the project. We are excited to continue to build this deposit as we await the assay results for 22 drill holes.”

The Current Resource consists of both open pit and underground resources. Growth over the past year occurred principally as a result of the discovery by Alexandria geologists in 2012 of the near-surface, open-pit resources of the West Gold-Copper Zone, which increased Inferred Resources by 263% over those estimated last year. Additional open-pit resources occur in the Main Pit, centered over the past-producing Akasaba Mine, and smaller nearby Satellite pits (see figure below), located 1,600 m along strike from the West Zone.

Underground resources occur in the vicinity of, and below, the Akasaba Mine, which produced a reported 40,000 ounces of gold at a grade of 5.25 g/t Au, and 10,000 of silver, from 1960-1963. From 2009 until 2012, the Company focused its efforts in this area, delineating the first underground resource in 2012 down to 500 m depth. The underground Current Resources now extend to a depth of 600m, and remain open below this depth.

To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/AkasabaProject.pdf.

The NI 43-101 Compliant report was prepared by Independent Qualified Persons Alain-Jean Beauregard, P. Geo., OGQ, FGAC and Daniel Gaudreault, P. Eng., OIQ, both of Geologica Groupe Conseil, of Val d’Or, based on the resource estimation of Christian D’Amours, P.Geo. and OGQ, of Geopointcom, also of Val d’Or.

The expansion of the underground resource and discovery of the new gold-copper West Zone open pit resource was the result of the completion of 51 holes totaling 22,102 m drilled on the Akasaba project Since the March 27, 2012 release of its first NI 43-101 Resource Estimate at Akasaba.

The following apply to the estimated resource:

1. The mineral resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
2. Assumptions for the Resource Calculation for Underground and West Zone Pit: (a) Gold Price, $1,325/oz., Copper Price $7.40/kg, (b) Cut-off Grade, Underground, 2.25 g/t Au, Open-pit, 0.5 g/t, (c) Bulk Density, Mine area underground and open pits, Specific Gravity 2.8; West Zone pit, Specific gravity 2.65, (d) Minimum true width, Underground, 2.5 m, all Open Pits, 5m, (e) Blasting/Mucking costs, Underground, $68/tonne, Open-Pit, $5.75/tonne, (f) Milling Costs, $12/tonne, (g) Overburden removal costs, $3/cubic meter, (h) Open pit shell optimized for best revenue, (i) Geostatistical analysis indicate no grade capping is necessary.
3. Mineral resources which are not mineral reserves have not demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues, although the Company is not aware of any such issues.
4. Resources at the Main Pit and Satellite Pit were released on March 27, 2012 and are not part of this study.

The geostatistical evaluation of the diamond drill hole results were performed by independent Qualified Person Christian D’Amours, P.Geo., of Geopointcom in Val d’Or, QC, on data verified by Independent Qualified Persons Alain-Jean Beauregard, P. Geo., OGQ, FGAC and Daniel Gaudreault, P. Eng., OIQ, both of Geologica Groupe Conseil, of Val d’Or, QC. Geological interpretation and geological database compilation of Akasaba was performed under the supervision of Peter Legein, Qualified Person, of Alexandria Minerals Corporation. This Press Release, and the technical report, has been reviewed by all parties. Please note that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Program design, management, and Quality Control/Quality Assurance is governed by Alexandria’s exploration group, of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons. Peter Legein supervises the technical activities of the Company. The QA/QC program is consistent with NI 43-101 and industry best practices; this will be summarized in the technical report, but has previously been addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008).

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba and Sleepy projects. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 9% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

TORONTO, ONTARIO–(Feb. 7, 2013) – Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) provided today an updated resource estimate at its 100%‐owned Akasaba property in Bourlamaque Township, Val d’Or, Quebec. The new mineral resource estimates, which are National Instrument (“NI”) 43‐101 compliant, were completed by independent Qualified Person Christian D’Amours of Geopointcom in Val d’Or, QC.

Highlights of the new study show a significant increase in both Indicated and Inferred Resources over the NI 43‐ 101 Resources initially released last year (see Press Release, March 27, 2012).

Indicated Resources total 254,132 ounces of gold, up 9% over the previous NI 43‐101 estimate, comprised of the following:

Inferred Resources total 620,612 ounces of gold and 61,255,885 kilograms (134,762,947 lbs.) of copper, equivalent to 342,108 ounces of gold, up 263% over the previous year’s estimate, and consists of the following:

Eric Owens, President of Alexandria Minerals, said, “We are very pleased with the substantial increase in resources at Akasaba. A major factor influencing the increase was the new discovery of the West Gold‐Copper Zone this past year, a result of our decision to step out significantly and test targets farther afield. In addition to the growth potential this work indicates, it has been incredibly efficient, as the eleven shallow holes that have so‐far defined this zone cost just 47 cents per ounce of gold discovered.”

The West Gold‐Copper Zone is a zone of disseminated gold‐copper mineralization located on the main mine trend 1600 m west of the past‐producing Akasaba Mine, where the underground resources are located. As defined by drilling, the West Zone is some 400 m long, 300 m deep, averages 60 m wide, and is open at depth. In contrast with the mine area mineralization, where gold is hosted with quartz‐carbonate‐pyrite veins, gold in the West Zone is hosted with pyrite, chalcopyrite and bornite, in strongly deformed and altered intermediate to felsic volcaniclastic rocks, within the geological influence of the Cadillac Break shear zone and the Callahan granitic intrusive stock.

Since the March 27, 2012 release of its first NI 43‐101 Resource Estimate at Akasaba, Alexandria has drilled 51 holes totaling 22,102 m on the Akasaba project, with focus on 1) expanding the deep high grade zone below the historic Akasaba Mine, and 2) expanding the shallow deposit along strike through step‐out drilling, the latter resulting in the new discovery of the West Gold‐Copper Zone.

Of the 51 holes, 40 holes have been included in the new 43‐101 update and 11 holes are awaiting assay results. A total of 176 holes for 61,120 meters of drilling has been completed to‐date on the project since Alexandria first began its initial drill program in 2009. Resources now extend for more than 2,000 m along strike and 600 m to depth, a 10 fold increase in size since 2009, with potential for growth in all directions.

Notes to table:

1. Mineral resources which are not mineral reserves have not demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues, although the Company is not aware of any such issues.
2. Resources at the Main Pit and Satellite Pit were released on March 27, 2012 and are not part of this study.
3. Estimate of value of copper in terms of gold (“Gold Equivalent”) is calculated by multiplying kilogram of copper by the price of copper ($/kg) and dividing the product by the price of gold ($/oz).
4. Mineral resources which are not mineral reserves have not demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio‐political, marketing, or other relevant issues, although the Company is not aware of any such issues.
5. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them.
6. The mineral resources were estimated using the Canadian institute of Mining, metallurgy and Petroleum (CIM), CIM Standards on mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
7. Assumptions for the Resource Calculation for Underground and West Zone Pit: (a) Gold Price, $1,325/oz., Copper Price $7.40/kg, (b) Cut‐off Grade, Underground, 2.25 g/t Au, Open‐pit, 0.5 g/t, (c) Bulk Density, Mine area underground and open pits, Specific Gravity 2.8; West Zone pit, Specific gravity 2.65, (d) Minimum true width, Underground, 2.5 m, all Open Pits, 5m, (e) Blasting/Mucking costs, Underground, $68/tonne, Open‐Pit, $5.75/tonne, (f) Milling Costs, $12/tonne, (g) Overburden removal costs, $3/cubic meter, (h) Open pit shell optimized for best revenue, (i) Geostatistical analysis indicate no grade capping is necessary.

As a result of this new study, Alexandria’s overall resources from its 35 km‐long Cadillac Break property portfolio total 701,023 ounces of gold (Measured and Indicated Resources), 1,073,255 ounces of gold and 61,255,885 kg (134,762,947 lbs.) of copper, for 342,108 ounces of Gold Equivalent (Inferred Resources), as summarized in the table below:

The Akasaba Mine reportedly produced some 282,000 tonnes grading 5.14 g/t Au from 1961‐1963 (approximately 40,000 ounces of gold, and 10,000 ounces of silver). The deposit occurs within sheared mafic‐ intermediate volcaniclastic rocks stratigraphically below a massive dacite (the “Mine Horizon”), about 600 m north of the Cadillac Break shear zone, and 2 km east of the Callahan diorite intrusive stock. Sulfide content in the host volcanic rocks, principally pyrrhotite, with widespread chalcopyrite (0.5‐1%), pyrite, and local high grade sphalerite, ranges from 5‐30% over several tens of meters across stratigraphy. Other targets with similar characteristics occur elsewhere on the property and on adjacent properties.

Currently, the Company has three drill rigs turning on its properties: two at Akasaba and one on its Sleepy project, located 13 km east of Akasaba. The drilling program on both projects is aimed at step‐out drilling designed to enlarge existing resources, especially focused on desirable targets that require winter ice conditions to complete. To‐date assays are pending for 11 completed drill holes at Akasaba, and 1 at Sleepy.

The geostatistical evaluation of the diamond drill hole results were performed by independent Qualified Person Christian D’Amours, P.Geo., of Geopointcom in Val d’Or, QC, on data verified by Independent Qualified Persons Alain‐Jean Beauregard, P. Geo., OGQ, FGAC and Daniel Gaudreault, P. Eng., OIQ, both of Geologica Groupe Conseil, of Val d’Or, QC. Geological interpretation and geological database compilation of Akasaba was performed under the supervision of Peter Legein, Qualified Person, of Alexandria Minerals Corporation. This Press Release has been reviewed by all parties, and the technical report for this resource estimate will be filed on SEDAR within 45 days. Please note that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Program design, management, and Quality Control/Quality Assurance is governed by Alexandria’s exploration group, of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons. Peter Legein supervises the technical activities of the Company. The QA/QC program is consistent with NI 43‐101 and industry best practices; this will be summarized in the technical report, but has previously been addressed in the NI 43‐101 Technical Report on the Cadillac Break properties (February 2008).

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto‐based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold‐producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba and Sleepy projects. Agnico‐Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward‐looking statements including but not limited to comments regarding the timing and content of up‐ coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward‐looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward‐looking statements.

The second tranche of the Private Placement consisted of 10,856,800 of “Quebec Flow-Through Units” (each, a “QFT Unit”) at a price of $0.125 per QFT Unit and 1,916,856 of “National Flow-Through Units” (each, a “NFT Unit”) at a price of $0.115 per NFT Unit. Each QFT Unit and NFT Unit consists of one “flow-through” common share of the Company and one half of one (1/2) non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company (a “Warrant Share”) at a price of $0.18 for a period of 18 months from the completion of the Private Placement.

The Company paid the Agent a cash commission equal to 7% of the gross proceeds raised on portions of the Private Placement. In addition, the Agent received compensation options entitling the Agent to 274,669 common shares with an exercise price equal to $0.18 per compensation option. Each compensation option entitles the holder to purchase one common share of the Company and will be exercisable for a period of 18 months from the completion of the Private Placement. In addition, the Company paid certain arm’s length finders an aggregate of $61,800 in fees and issued certain arm’s length finders an aggregate of 494,400 compensation options.

The proceeds from the sale of the QFT Units and NFT Units will be used principally for exploration and drilling on its Cadillac Break property group in Val d’Or, Quebec. Focus will be on step-out drilling on its Akasaba gold-copper project on which it has had considerable success enlarging through drilling throughout recent months.

All securities are subject to a four month hold period expiring on April 19, 2013. The Private Placement is subject to the final acceptance of the TSX Venture Exchange.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals

Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding Exchange approval of the Private Placement, completion of the Private Placement, the use of proceeds of the Private Placement, the timing, content, and outcome of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

A second hole, DDH IAX-12-214, located 100 m west of hole 215, intersected 94.00 m grading 0.48 g/t Au and 0.36% Cu, including 61.50 m grading 0.56 g/t Au and 0.50% Cu (see Table 1 below). The intersections in both holes 214 and 215 are 100 m below those in holes IAX-12-200 and 201, which intersected, respectively, 118.80 m grading 1.18 g/t Au and 0.70% Cu and 144.90 m grading 0.70 g/t Au and 0.38% Cu (Press Release, July 11, 2012).

Eric Owens, President and CEO, said, “The importance of these holes is that they confirm broad mineralization and continuity in the West Zone and extend the mineralization deep below our last holes. We are also pleased by the strong copper values received. These results show that we have not yet reached the limits of the deposit and that more potential to enlarge it remains. Accordingly, we will continue to conduct step-out drilling to determine the size potential of the project, and are confident that we will continue to show positive results.”

The target horizon was intersected at about 280 m vertical depth, and showed geological characteristics consistent with the shallower holes, namely, sheared and deformed metavolcaniclastic rocks, with quartz-carbonate veinlets, and pyrite, chalcopyrite and bornite as disseminations and stringers. The West Zone is located about 1,200 m west of the historic Akasaba Mine, around which the Company has previously focused its drilling; the gold-bearing zone has now been identified over a 2,000 m strike length.

The Company is continuing its step out drill program on the project, with current focus on targets west of the mine area.

Program design, management, and Quality Control/Quality Assurance is governed by Alexandria’s exploration group, of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons. Mr. Legein and Mr. Owens reviewed the results in this press release. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously been addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company’s website or onwww.sedar.com.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. Global gold resources are distributed between three projects on its Cadillac Break Property package, Akasaba, Sleepy, and Orenada, the details of which can be found on the Company’s website at www.azx.ca. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) is pleased to announce that it has completed the first tranche of a brokered private placement financing (the “Private Placement”) for gross proceeds of $1,634,000, which was completed by Laurentian Bank Securities Inc. (the “Agent”). The first tranche of the Private Placement consisted of 13,072,000 of “Quebec Flow-Through Units” (each, a “QFT Unit”) at a price of $0.125 per QFT Unit.

Each QFT Unit consists of one “flow-through” common share of the Company and one half of one (1/2) non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company (a “Warrant Share”) at a price of $0.18 for a period of 18 months from the completion of the Private Placement.

The Company paid the Agent a cash commission equal to 7% of the gross proceeds raised under the Private Placement. In addition, the Agent received compensation options entitling the Agent to purchase that number of common shares equal to 7% of the aggregate number of QFT Units issued by the Company with an exercise price equal to $0.18 per compensation option. Each compensation option entitles the holder to purchase one common share of the Company and will be exercisable for a period of 18 months from the completion of the Private Placement.

The proceeds from the sale of the QFT Units will be used for exploration and drilling on Alexandria’s Cadillac Break property group in Val d’Or, Quebec. Focus will be on step-out drilling on its Akasaba gold-copper project on which the Company has had considerable success enlarging through drilling throughout recent months.

All securities are subject to a four month hold period expiring on March 15, 2013. The Private Placement is subject to the final acceptance of the TSX Venture Exchange.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals

Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding Exchange approval of the Private Placement, completion of the Private Placement, the use of proceeds of the private placement, the timing, content, and outcome of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticip

Highlights of the study, which was completed by SGS Canada Inc., at Vancouver, British Columbia, include:

• Whole Ore Cyanide Leaching Tests recovered 95% of the gold from the underground sample and 91% of the gold from the open pit sample.
• Combined gravity and cyanide leach of gravity tailings also yielded encouraging results, recovering 92% of the gold from the underground sample and 90% from the open pit sample.
• The samples are acid neutralizing, and not expected to generate acid.

The study tested two representative, 60 kilogram composite samples from the Current Resource area in the vicinity of the historic Akasaba Mine: 1) one of near surface, open pit resource material (“OP”) and 2) one of higher grade, underground resource material (“UG”), as delineated in the Company’s National Instrument 43-101 Technical Report on the property initially released on March 27, 2012, and amended on October 2, 2012. No sample was provided from the recently discovered West Gold-Copper Zone.

The two composite samples were subjected to a scoping-level metallurgical test program to get a preliminary understanding of the extractive characteristics of the rock. The samples were subjected to the following tests: gravity separation, flotation and leaching of gravity tailings, whole ore rougher and cleaner flotation, whole ore cyanidation, cyanidation of flotation rougher concentrate. In addition, cyanide destruction of cyanide products was also tested.

Head grades as determined by the study were 1.02 g/t Au (OP) and 2.91 g/t Au (UG). The samples were categorized as moderately hard (OP) and medium hardness (UG) based on ball mill work index. Specific Gravity was determined to be 3.2 g/cm³ (OP) and 2.9 g/cm³ (UG), this latter characteristic likely a function of sulfide content.

The Whole Ore Cyanide Leaching Tests produced the best results, yielding 95% recovery of gold for the underground sample, and 91% recovery for the open pit sample. Six standard bottle roll leach tests were conducted for this run, with pH maintained at 10.5-11.0. A grind of P₈₀ = 75 microns at a residence time of 72 hours yielded the most favorable results.

Combined gravity separation and cyanide leach of the gravity tailings also yielded encouraging results: 92.1% for underground ore and 90% for open pit ore. Although initial gravity separation recovered just 2.7% of the gold from the open pit sample, and 5.1% of the underground sample, cyanide leaching of the tailings proved effective in increasing the recovery, with a residence time of 48 hours and P₈₀ = 99 microns (OP) and P₈₀ = 67 microns (UG).

Both the underground and open pit samples responded well in the Cyanide destruction testwork, “CND”, (detoxification by SO2/air). For the open pit sample, detoxified product containing less than 2 ppm residual total cyanide was obtained by treating the pulp at pH=8.6 for 158 minutes retention time; the underground sample yielded 21.8 ppm total cyanide at the same pH at a retention time of 121 minutes. Further, Acid-Base Accounting and Net Acid-Generating tests were conducted on CND samples, and showed that the samples were potentially to moderately acid neutralizing, and will not generate acid.

In March 2012 Alexandria Minerals initially released its first National Instrument (“NI”) 43-101 Resource Estimate from its Akasaba project, which contains the following Open-Pit and Underground Resources:

Subsequent to the resource estimate, and subsequent to the sample collection for the metallurgical study, the Company discovered a shallow gold-copper zone about 500 m west along strike with the Current Resource. These shallow holes assayed up to 1.18 g/t Au, 0.70% Cu, and 3.04 g/t Ag over 118.80 m, identifying a broad, disseminated style of mineralization which extends over 250 m along strike and almost 200 m to depth (Press Release, July 11, 2012). Also subsequent to the resource estimate, Alexandria drilled hole IAX-12-195, 100 m below the Current Resource, which assayed 5.59 g/t Au over 24.00 m, including 12.48 g/t over 8.20 m.

These results show the continued potential of the Akasaba project, and the Company is awaiting further results from drill holes for which assays are pending. The success of these step-out drill programs has opened up numerous other targets in the vicinity of the Akasaba mine horizon.

Separately, the Company has granted 150,000 incentive stock options to a director of the company. The Options are exercisable at a price of $0.10 and will expire on November 6, 2014.

Technical information pertaining to the metallurgical study in this report has been reviewed and approved by SGS Canada Inc., and by Eric Owens, P.Geo., and Peter Legein P.Geo., Qualified Persons, of Alexandria. Information pertaining to resources included in this news release has been previously released.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals

Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding Exchange approval of the Agreement, payments and exploration expenditures due under the Agreement, the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) is pleased to announce that it has engaged Laurentian Bank Securities Inc. to act as lead agent (the “Agent”) on a brokered private placement (the “Private Placement”) consisting of an aggregate of up to $2,500,000 Flow-Through Units (the “Flow-Through Units”) consisting of “Quebec Flow-Through Units” (the “QFT Unit”) and “National Flow-Through Units” (the “NFT Unit”) at a price of $0.125 per QFT Unit and $0.115 per NFT Unit.

Each QFT Unit and NFT Unit will consist of one “Flow-Through” common share of the Company and one half of one (1/2) non-transferable common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share of the Company (a “Warrant Share”) at a price of $0.18 for a period of 18 months from the completion of the Private Placement.

In addition, the Company has granted the Agent an option (the “Over-allotment Option”) to sell additional Flow-Through Units equal to up to $1,000,000 exercisable for a period up to 48 hours prior to the Closing Date.

The Company will pay the Agent a cash commission equal to 7% of the gross proceeds raised under the Private Placement (including the proceeds of the amount raised upon exercise of the Over-allotment Option, if any). The Agent will also receive “Broker Warrants” ” entitling the Agent to purchase that number of common shares equal to 7% of the aggregate number of Flow-Through Units issued by the Company with an exercise price equal to $0.18 per Broker Warrant. Each Broker Warrant will entitle the holder to purchase one common share of the Company and will be exercisable for a period of 18 months from the completion of the Private Placement.

The proceeds from the sale of the Units and FT Units will be used for exploration and drilling on its Cadillac Break property group in Val d’Or, Quebec. Focus will be on step-out drilling on its Akasaba gold-copper project on which it has had considerable success enlarging through drilling throughout recent months.

All securities are subject to a four month hold period commencing from the date of closing. The Private Placement is subject to the acceptance of the TSX Venture Exchange.

In other matters, the company has retained the consulting services of Vincent Marciano (“Marciano”) to provide newsletter writing and dissemination for a period of one year. Compensation to Marciano for these services includes payment of $1,500USD per month from April 2013 to September 2013 and, subject to approval by the Toronto Stock Venture Exchange (TSXV), issuance of 150,000 incentive stock options at an exercise price of $0.18, expiring on December 31, 2014. There is no prior relationship between Marciano and Alexandria Minerals Corporation, nor is there any prior direct or indirect interest in Alexandria Minerals Corporation or its securities or any right to acquire such an interest, on the part of Marciano.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals

Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding Exchange approval of the Private Placement, completion of the Private Placement, exercise of the over-Allotment option, the use of proceeds of the private placement, the timing, content, and outcome of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Mr. Geis is currently First Vice President, Research, and gold analyst of Aletheia Research and Management Inc., an independent investment advisor which manages over $4 billion in assets for institutional accounts, including pension plans, endowments, and foundations, as well as for high net worth individuals. He brings a great depth of experience in financial and gold markets having worked with major institutions in New York such as Tweedy, Browne and Knapp and Dean Witter InterCapital, where he served as Managing Trader and Vice President. Additionally, he was a consultant to President Ronald Reagan’s Gold Commission and to the National Economic Commission, also during President Reagan’s tenure.

Eric Owens, President and CEO of Alexandria Minerals, states “Robert brings an extensive understanding of financial markets and the gold industry, as well as rigorous research proficiency based upon independent thought and precise analysis. We are very pleased to welcome Robert Geis to the Alexandria team.”

In other matters, Alexandria is in the final stages of its first metallurgical study on its Akasaba project in Val d’Or, Quebec. Located on the Company’s 35‐km long Cadillac Break Property group, the Akasaba project is Alexandria’s flagship gold exploration project, where the company has focused its efforts over the past few years.

Alexandria has completed 57,300 m of drilling on the project to‐date, expanding the historical gold deposit from 200 m long by 100 m deep, to a Current Resource that is 1,000 m long by 500 m deep. On March 27, 2012, the Company announced its first National Instrument Resource estimate on the project:

The Company has further expanded on this resource since March through the multi‐hole discovery of the West gold‐copper zone, 500 m west of the Current Resource, with assay results up to 1.18 g/t Au, 0.70% Cu, and 3.04 g/t Ag over 118.80 m at shallow depths (Press Release, July 11, 2012) and, separately, by intersecting 5.59 g/t Au over 24.00 m, including 12.48 g/t over 8.20 m (May 24, 2012) at a vertical depth of 600 m, roughly 100 m below the Current Mineral Resource. These results further confirm the growth potential of this project and Alexandria’s commitment to it.

Currently, the Company’s drilling program is on a 2 week break; drilling will resume later in October. Assay results are pending from 7 holes completed to‐date on its Akasaba project.

All technical information included in this news release has been previously released, and approved by Eric Owens, P.Geo., and Peter Legein P.Geo., Qualified Persons, of Alexandria.

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto‐based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold‐producing Cadillac Break in Val d’Or, Quebec. The Company is currently focused on advancing its Akasaba project. Agnico‐Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward‐looking statements including but not limited to comments regarding Exchange approval of the Agreement, payments and exploration expenditures due under the Agreement, the timing and content of up‐coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward‐looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward‐looking statements.

Akasaba
In March 2012 Alexandria Minerals released its first National Instrument (“NI”) 43-101 Resource Estimate from its Akasaba project, which contains the following Open-Pit and Underground Resources:

Table 1. Current Resources at Akasaba (March 27, 2012)

Subsequent to this event, Company geologists embarked on a step-out drilling program which tested at depth 100 m below the Current Resource and also tested 500 m along strike at shallow levels. The results of these activities were very encouraging in showing the growth potential of the project. Hole IAX-12-195, drilled 100 m below the Current Resource, or 600m vertically below the surface, gave the following assayed interval: 5.59 g/t Au over 24.00 m (11.59 m True Width, “TW” ), including 12.48 g/t over 8.20 m (3.96 m TW). This hole thus extends to depth below the Current Resource potential for further wide, high grade gold mineralization, a not uncommon characteristic of gold deposits in the Abitibi Belt of Northern Quebec and Ontario.

Equally as encouraging are the near surface drilling results from the step-out drilling which targeted the Mine Horizon, the volcanic sequence that hosts the Current Resource at Akasaba, some 500 m west of the Current Resource (West Zone). These holes have resulted in a new discovery on the project, consisting of wide, disseminated gold-copper mineralization. Below, assays to date show significant intersections of both copper and gold, all above 150 m vertical depth (Press Releases, June 26, 2012 and July 11, 2012):

Since the release of these assays, the Company has completed a further 16 holes for 6,824 m for which assays are pending or yet to be released. These include step-out holes below the new discovery and holes up to 400 m west along strike. The goal for this ongoing drilling program are to delineate the size potential of this near-surface zone. Assay results should be forthcoming in the weeks ahead.

The Company is in progress with its first metallurgical report at Akasaba. Review of this document is underway and will be released when finalized. In addition, the company has begun a soil sampling program as follow-up to a pilot soil study first applied over the recently discovered West Gold-Copper Zone at Akasaba. The pilot study yielded encouraging first pass results, and this next stage will better enable Alexandria’s geologists to determine the efficacy of such a method as a drill targeting tool on this and its other properties. Data and ideas generated from the review and interpretation of the geological, geochemical and geophysical characteristics of the Company’s broader Cadillac Break property package will serve as a background for this new information.

Separately, on October 2, 2012, the Company also filed on SEDAR, an Amended and Restated Technical Report (NI 43-101) for its Akasaba project, in order to reduce the file size by excising the Appendices, thus making it smaller and therefore more user friendly. Any and all data can be obtained upon request to the Company.

Corporate Matters
Alexandria is pleased to announce that the Company’s Board of Directors has been re-elected in its entirety by the shareholders at the Company’s Annual General Meeting, held on Sept 26, 2012. The Board has appointed Mr. Walter Henry as Chairman of the Board to replace Interim Chairman Charles Page, who filled in following the death of Alexandria’s former Chairman, Mr. John Yarnell. Mr. Page will remain as the Chair of the Company’s Audit Committee, which is also comprised of Mr. Declan Costelloe and Mr. John Thomas. Also passed at the Annual General Meeting were motions approving the Company’s Shareholder Rights Plan and its Stock Option Plan.

All technical information included in this news release has been previously released, and approved by Eric Owens, P.Geo., and Peter Legein P.Geo., Qualified Persons, of Alexandria.

About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d’Or,Quebec. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding Exchange approval of the Agreement, payments and exploration expenditures due under the Agreement, the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Alexandria Minerals Corporation

For further information:

Andreas Curkovic, Investor Relations
(416) 577-9927

Eric Owens, President/CEO
416-363-9372

www.azx.ca
info@azx.ca

Click Image To View Report

Walter is currently President and CEO of Frontline Gold Corporation, holds a BA in Political Science/Economics, and brings several years of financial and mining industry experience. He has worked for CIBC, BNP Paribas, and PriceWaterhouseCoopers in his earlier career, where he managed portfolios and arranged structured financial products for a number of different projects, solely or within groups, totaling over $1 billion. Walter then moved into the mining industry, as Vice President, Finance and Chief Financial Officer of Royal Nickel Corporation and, separately, Tiberon Minerals, during which time he secured more than $400 million in equity and structured financial transactions. Walter serves on the Boards of 4 TSX-V listed junior mining companies, including Alturas Minerals Corp. and Merrex Gold Corp.

Eric Owens, President and CEO, stated, “Walter brings considerable global experience in the mining and finance industries and will be an excellent fit to our organization. We are very pleased to add him to the Board and are looking forward to be working with him.”

The Company has also resumed drilling in the shallow, disseminated West Gold-Copper Zone on its Akasaba Project in Val d’Or, Quebec. The West Zone, which is located 500 m west of the Company’s Current Resource at Akasaba, has been penetrated by just five holes to-date, which yielded the following previously-released results:

These holes define a new area of shallow, disseminated mineralization in a zone which is 250 m long and 150 m deep, and open to the west and down dip. The new 16 hole, 5000 m drill program is currently underway to delineate the new gold zone to the west and to depth, where little or no historic drilling has occurred.

On March 27, 2012, Alexandria announced its first Resource Estimate on the Akasaba project in accordance with National Instrument 43-101, which contained 506,000 ounces of gold in the Mine Horizon as shown in the table below. Since the announcement, the company has added significantly to the size of the near surface gold zones, which have now been traced for 1,800 m along the Mine Horizon, as well as adding to the depth below the Mine area, to 600 m.

Current Resources at Akasaba (March 27, 2012)

In other matters, the Board of Directors has approved the issuance of 250,000 stock options under the Company’s Stock Option Plan, to consultants of the Company.  RBL Communications Inc., which provides social media communication for Alexandria, is to be issued 150,000 stock options with an exercise price of C$0.25, expiring March 15, 2014, and O&M Partners, LLC, which provides introductory services, is to be issued 100,000 options with an exercise price of C$0.22, expiring June 14, 2014.

Program design, management, and Quality Control/Quality Assurance is governed by Alexandria’s exploration group, of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons.  Mr. Legein and Mr. Owens reviewed the results in this press release. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously been addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company’s website or on www.sedar.com.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolios of properties along the prolific, gold-producing Cadillac Break in Val d’Or,Quebec. Gold resources are distributed among three projects on its Cadillac Break Property package, Akasaba, Sleepy, and Orenada, the details of which can be found on the Company’s website at www.azx.ca. Alexandria is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Alexandria Minerals Corporation

For further information:

Andreas Curkovic, Investor Relations
(416) 577-9927

Eric Owens, President/CEO
416-363-9372

The disseminated gold mineralization was intersected between vertical depths of 50 and 140 m in the two holes, wholly within Timiskaming metasedimentary rocks, a similar geological environment to that found at Alexandria’s Orenada gold deposit and Osisko Mining’s Malartic gold mine.

Eric Owens, President and CEO of the Company, said, “This is our widest hole yet with values over one gram of gold per tonne, proving that there is much potential for new discoveries on this project as we step out further from the Main Mine area. The holes completed to date in this new zone will add considerable value to Akasaba, especially with the notable copper values and the potential credits from them. We expect further positive results with continued drilling.”

Longitudinal Section at Akasaba showing new results in the Western Zone in relationship to the Current Resource in the Mine Area

Table 1. Selected assays from drill holes IAX-12-200 and IAX-12-201.

In addition to the gold contents, all five of the drill holes from the Western Zone are also enriched in silver and copper. The significant intervals for the five holes comprising the Western Zone, including that for the three holes released onJune 26, 2012 are summarized as follows:

The newly discovered Western Au-Cu-Ag Zone has now been delineated to over 200 m long by 200 m deep, with an average width of 50-60 m, and is open in all directions. The total length of the Akasaba Mine Horizon gold zone now stands at more than 1,600 m. Although the Western Zone occurs along the same deformation corridor as the mineralization in the Akasaba Mine area, the gold mineralization in the Western Zone differs from that of the Mine area, as it is hosted in metasedimentary rocks, and is governed less by distinct high grade veins, and more by micro-millimeter scale veinlets providing for a disseminated character to the mineralization.

Since announcing its first National Instrument 43-101 compliant Resource Estimate at Akasaba in March, 2012, the Company has substantially expanded the known gold-bearing zone through drilling, both at depth and along strike, adding more than 100 m depth to the deep high grade zone, and adding more than 500 m length along strike. The Company’s plans are to continue to focus on Akasaba in its exploration efforts.

Program design, management, and Quality Control/Quality Assurance is governed by Alexandria’s exploration group, of which Peter Legein, P.Geo, and Eric Owens, P.Geo, are the Company’s Qualified Persons.  Mr. Legein and Mr. Owens reviewed the results in this press release. The QA/QC program is consistent with NI 43-101 and industry best practices and has been previously been addressed in the NI 43-101 Technical Report on the Cadillac Break properties (February 2008) as well as in subsequent NI 43-101 reports found on the Company’s website or on www.sedar.com.

Further information about the Company is available on the Company’s website, www.azx.ca, or our social media sites listed below:
Facebook: https://www.facebook.com/pages/Alexandria-Minerals-Corporation-AZXTSXV/186115074772628
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolios of properties along the prolific, gold-producing Cadillac Break in Val d’Or,Quebec. Global gold resources are distributed between three projects on its Cadillac Break Property package, Akasaba, Sleepy, and Orenada, the details of which can be found on the Company’s website atwww.azx.ca. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PDF available at: http://stream1.newswire.ca/media/2012/07/11/20120711_C7572_DOC_EN_16179.pdf

For further information:

Andreas Curkovic, Investor Relations
(416) 577-9927

Eric Owens, President/CEO
416-363-9372

www.azx.ca
info@azx.ca