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Drilling to Re-Commence on Alexandria’s Triangle Too Targets in Val d'Or, Quebec

Alexandria Minerals Corporation is pleased to announce that it will re-commence drilling its Triangle Too targets, located directly south of Integra Gold's Triangle Zone, on its 100% owned Airport property in Val d'Or, Quebec.

The Company has identified 8 targets spread over the Airport property, based on Alexandria drilling, geophysics and historical drill hole data. As part of the first steps of this first 3,000 m program, one of the Company's recently-drilled holes intersected a diorite plug, the main ore host rock on the adjacent Lamaque property, less than 500 m from the Triangle Zone.

Eric Owens, President and CEO of Alexandria, stated, "The proximity of this drill program to Integra's Triangle Zone to the north gives us much optimism about the potential underlying our property. We have identified several targets that appear to be plugs based on geophysics, historic drilling, and our own drilling which have similarities to the Triangle Zone."

Potential targets in this program include testing the inferred extension of shear zones on adjacent ground, targeting where those shear extensions coincide with known or inferred diorite plugs on Alexandria's Triangle Too ground.

In other matters, Alexandria recently announced the closing of a $5.1 million financing (See Press Release June 22, 2016), including Agnico-Eagle Mines maintaining its support of Alexandria through its continued investment. The funds will be used to explore the Company's Val d'Or area projects, where it will focus on the western portion of its large 35 km long Cadillac Break property package, and for general corporate purposes.

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