Best-in-Class Explorer Alexandria Minerals Adding New Gold Ounces, and Poised for Success on 3 Fronts in 2015

NEW YORK, NY / ACCESSWIRE / March 13, 2015 /
Alexandria Minerals Corporation (TSX VENTURE:AZX) (PINKSHEETS:ALXDF)
(Frankfurt:A9D) is the
subject of a Mining MarketWatch Journal review. Alexandria is a
newly-diversified junior miner (after its March 10, 2015 acquisition of Murgor
Resources Inc. (TSX VENTURE:MGR)) with an
impressive portfolio of advanced-stage projects with serious intrinsic resource
value in Quebec, Ontario, and Manitoba. In Quebec AZX.V is focused on exploring,
developing, and monetizing its Cadillac Break group of precious metal properties
which contiguously stretch 35 km along the prolific Cadillac Trend. AZX.V
currently has global resources in Quebec totaling 1,583,882 ounces gold (695,524
ounces Measured & Indicated and 888,358 ounces Inferred) on three 100% owned
projects proximal to infrastructure-rich Val d’Or where 4 gold mills with excess
capacity are within 15 km. In Manitoba AZX.V has two advanced-stage Cu-Au-Ag-Zn
projects with ~800,000 of gold equivalent ounces. All of AZX.V’s flagship
deposits are within close proximity to mills hungry for feed, giving it an
advantage over other juniors explorers (which are absent local
mill/infrastructure), comparatively AZX.V gold deposits are apt to superior
demand/returns as they are do not necessarily require large capex of building a
mill.

The full Mining Journal review may be found at

http://miningmarketwatch.net/azx.htm online.

AZX.V poised for upside share price revaluation: On March 10, 2015 Alexandira
completed its acquisition of all the outstanding shares of Murgor Resources;
Murgor shareholders voted overwhelmingly (99.7%) in favour of the transaction (AZX.V
is effectively paying ~$3.50/oz (gold equivalent) in shares for Murgor’s assets
— in short, ‘an excellent buy in a buyers market’). The end result leaves AZX.V
with ~240 million shares issued and outstanding (plus ~20 million
out-of-the-money fully-diluted options and warrants). This places AZX.V clearly
on sale, trading with a market cap <$15M — contrast this with the following
list of assets:

1) Cash position: Entering March-2015 AZX.V’s will have ~CDN$2.5 million in
current assets (that includes cash and refunds coming from the Quebec
government);

2) Nearly 2.5 million ounces of gold and gold equivalent on projects approaching
marketability/monetization (see complete list below);

3) A significant 2% Net Smelter Royalty (NSR) set to kick in from the ‘West
Zone’ gold asset sale to Agnico Eagle in 2014 which is being fast-tracked to
mine production; AEM has applied for environmental permits and it is anticipated
a 3,000 to 4,000TPD operation (feeding its nearby Goldex mill) will occur from
the West Zone beginning in 2016 at which time AZX.V is entitled to the 2% NSR on
material after 210K oz of gold has been mined. We estimate that at ~3 years in
(as the NSR kicks in) Agnico Eagle will buyout 1% of the NSR for ~$7M and the
remaining 1% NSR will provide AZX.V with ~$500,000/year.

AZX.V is positioned for extraordinary share price appreciation over the coming
months and years as the reality of the large inherent asset value that the
Company possesses is understood by the market. Alexandira will be executing on a
plan to unleash value on several fronts to monetize assets and find new gold.
Immediate focus will be to deliver new resource calculations on three
advance-stage projects (Orenada, Wim, & Hudvam), making them readily-marketable.
AZX.V is also this 2015 actively exploring for new gold-copper discovery on
highly-prospective targets in Val ‘d using success based drilling. Important to
note is that since 2006 AZX.V has discovered >1.93 million ounces of gold (plus
138 million lbs copper) efficiently at an all-up cost of discovery of ~$15 per
ounce of gold.

Alexandria Minerals does what few junior miners ever manage to do; explore for
gold and make money at the same time The recent sale of the West Zone deposit
claims to Agnico Eagle (for $5 million and 2% NSR) demonstrates two important
future drivers for the share price of AZX.V to the market; 1) Alexandria
Minerals is capable of monetizing the gold it finds, and 2) AZX.V’s primary
assets are proximal to mills hungry for feed, and this puts them at an advantage
over gold deposits that most other juniors are exploring/discovering (absent
local mill/infrastructure), comparatively AZX.V gold deposits are apt to
superior demand/returns as they do not necessarily require large capex of
building a mill.

Alexandria highly prospective for major multi-million ounce gold-copper
discovery on the western half of its 35 km Cadillac Break property package:

Alexandria Minerals has always based its drilling on ‘success-based drilling’
(if it hits well they follow-up, otherwise they move on). AZX.V is now drilling
on a 7 km long gold-copper anomaly on the Ducros section of its Cadillac Break
property, located a few kilometres west of where it encountered success on
Akasaba and discovered the West Zone that it sold to Agnico Eagle. AZX.V has
learned a lot about the geology in its drilling of Akasaba and is now testing
some new ideas, taking a broader look, and applying its thoughts and
interpretation on what appears a rather large geological system — a copper-gold
model possibly harboring a large bulk tonnage porphyry Cu-Ag deposit. The drill
program at Ducros is based on testing historic exploration efforts dating back
to the 1930s, which show evidence of Au-Cu-Mo mineralization, as this is exactly
what AZX.V found at the West Zone. See related February 17, 2015 news release
entitled “Alexandria Begins Drilling Copper-Gold Zone in Val d’Or”. The Cadillac
Trend lies within the Southern Abitibi Greenstone Belt which has seen over 170
million ounces of Gold production history — Alexandria is in elephant country
and there are geological signatures on its property that there is potential for
an elephant size deposit.

Current assets with resources of significance being advanced toward near-term
monetization:

1) Resources on Alexandria’s 35km-long Cadillac Break Properties in Quebec:

A) 100% owned Sleepy Gold Project, Val d’Or, Quebec — NI 43-101 resources (Q4
2014): 307,350 oz gold Inferred underground (1,885,500t @ 5.1 g/t Au). The
sleepy deposit is a high-grade disseminated gold pyrite ore body. The deposit
has the advantage of low variability, not pocket or nuggety, and the average
width is ~5 m true width. AZX.V has blue-sky potential to increase
mineralization at Sleepy along strike and at depth. The Sleepy deposit is now
approximately the size and grade of average historical mines in Val d’Or,
essentially a fairly good size and quality deposit, located in amongst several
Val d’Or mills looking for feed — the marketability of Sleepy has taken a major
jump with the recent doubling of the resource. This 2015 AZX plans to spend a
little money on an independent firm to come up with an economic analysis it can
shop with a local mill to JV Sleepy with AZX and feed it to their mill — there
are 3-4 mills that are idle right now and need feed. Early-stage metallurgical
studies show a simple mineralogy with >90% recovery, needless to say a JV has
the potential to yield several millions cash flow wise to AZX. AZX.V will likely
perform infill drilling (basically doubling the number of drill holes that
penetrate the mineralized zone), possibly later in 2015, to bring Sleepy up to
an indicated level resource.

B) 100% owned Orenada Gold Project, Val d’Or, Quebec — NI 43-101 resources (Q4
2009): 446,891 oz gold Measured & Indicated (~10.2M Tonnes @ 1.35 g/T Au), and
302,469 oz gold Inferred (~7.4M Tonnes @ 1.27 g/T). Oreanda is a surface
bulk-tonnage deposit with outsourced milling potential. The deposit also has
underground potential. It lies within 15 km of 4 mills operating below capacity.
The deposit is open along strike and at depth. In the early 1990’s Aur Resources
completed a bulk sample that produced ~4,000 ounces of gold (72,195 tonnes
grading 1.72 g/t Au). In short, Orenada is ripe for monetization near-term —
AZX.V plans to perform an updated resource calculation using current (better)
metal values, this will deliver more robust resource numbers.

C) 100% owned Akasaba Gold Project, Val d’Or, Quebec — NI 43-101 resources (Q1
2013): 248,790 oz. gold Indicated (made up of Indicated open pits = 132,475 oz
gold (3,009,214 Tonnes @ 1.37 g/T) + Indicated underground = 116,158 oz gold
(609,274 Tonnes @ 5.93 g/T)) and 278,539 oz. gold Inferred; (made up of Inferred
open pits = 13,653 oz gold (219,882 Tonnes @ 1.93 g/T) + Inferred underground =
264,886 oz gold (1,475,622 Tonnes @ 5.58 g/T)). The current resource has been
delineated around a past-producing mine, active in early 60’s (it historically
produced 40,000 oz. of Gold at 5.14 g/t). AZX.V has recently conducted 12,277 m
of drilling (completed in 2013 and 2014) on Akasaba. Akasaba possesses
substantial near-surface and in depth growth potential. Akasaba’s main high
grade zone is open at depth, deposit is open along strike to the east.
Greenstone belts typically run deep, there are mines at 8,000 – 10,000+ feet,
AZX.V has only explored to ~600m. Successful mines in the Abitibi area typically
have a few years of production lined up ahead of time and just keep going for
decades, adding as they go.

2) Resources on Alexandria Mineral’s properties along the Flin Flon – Snow Lake
Belt, Manitoba:
A) 100% owned Wim (VMS Copper-Gold) Deposit, Snow Lake, Manitoba — NI 43-101
resources (2008): 118,762,524 lbs Cu, 167,838 oz gold, 18,365,339 lbs Zn
Indicated (2,776,787t @ 1.94% Cu, 1.88 g/t Au, 0.3% Zn, 7.53 g/t Ag), and
11,012,528 lbs Cu, 30,256 oz gold, 4,228,024 lbs Zn Inferred (445,999t @ 1.12%
Cu, 2.11 g/t Au, 0.43% Zn, 5.06 g/t Ag). Located 16 km north of Snow Lake Mill.
92.5% copper recoveries. The resource lies surface to 750 and requires little
capex to begin mining the material. Both the Snow Lake and Flin Flon Mining
Districts are vibrant mining communities (similar to Val d’Or) with several
mills in proximity to Alexandria’s Manitoba resources and would make ideal JV
partners/suitors. AZX.V plans to immediately commission an updated resource
calculation on both Manitoba (circa-2008) resources, Mining MarketWatch Journal
expects a sizeable increased in the resource estimate.

B) 100% owned Hudvam (VMS Copper-Gold) Deposit, Flin Flon, Manitoba — NI 43-101
resources (2008): 23,007,640 lbs Cu, 105,000 oz gold, 33,541,359 lbs Zn
Indicated (854,076t @ 1.22% Cu, 3.82 g/t Au, 1.78% Zn, 13.84 g/t Ag), and
8,758,802 lbs Cu, 52,548 oz gold, 14,745,831 lbs Zn Inferred (502,901t @ 0.79%
Cu, 3.25 g/t gold, 1.33% Zn, 6.96 g/t Ag). Located 47 km NE of Flin Flon Mill.
90% copper recoveries, >67% gold recoveries. There is an existing 250 m ramp
into the resource and little capex is required to begin mining the material.

The full Mining Journal review may be found at

http://miningmarketwatch.net/azx.htm online.

This release may contain forward-looking statements regarding future events that
involve risk and uncertainties. Au equivalents are using using US$1,100 gold,
US$2.60 copper, and US$0.85 Zn. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from actual events or
results. Articles, excerpts, commentary and reviews herein are for information
purposes and are not solicitations to buy or sell any of the securities
mentioned. Readers are referred to the terms of use, disclaimer and disclosure
located at the above referenced URLs.

Contact information:
James O’Rourke, Editor
Mining MarketWatch Journal
editor@miningmarketwatch.net

SOURCE: Mining MarketWatch Journal

ReleaseID: 426860