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Alexandria Minerals Identifies Further Prospective Drill Targets on Airport Property

Alexandria Minerals Corporation is pleased to report on its exploration efforts searching for Triangle Zone-like gold-quartz veins on the western portion of its 35 kilometer long Cadillac Break Property package, with focus on its Airport property.

Four of the initial 8 targets in the planned first-round, 3,000 meter long, Triangle Too drill program have been drilled along the northern half of the Airport property, from 400 meters to 1000 meters southwest of the Triangle Zone. This drilling has identified two new intrusive plugs, with quartz-tourmaline-pyrite-chalcopyrite veins, similar to those which host gold resources at the Triangle Zone. Sampling and logging procedures are underway.

Eric Owens, President and CEO of Alexandria, stated, "We have identified further prospective targets to the southeast of our current drill program, south to the Cadillac Break. We are applying for new permits for these targets as we speak."

To date, the Company has identified prospective drill targets over a 2 kilometer stretch south and southeast of the Triangle Zone, based on geophysics, geology and historic drill hole information. Historic drill core and logs, in particular, provide strong evidence for the possible presence of more intrusive plugs to the southeast.

There are more than 80 years of exploration data on the Company's Cadillac Break property package in Val d'Or, including some 4,000 historic drill holes, as well as substantial geophysical and geochemical surveys, all of which are incorporated into the company's database and used in its planning.


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