Alexis Minerals Corporation
TSX : AMC

Alexis Minerals Corporation

September 10, 2009 16:36 ET

Alexis Minerals Acquires 15% Stake in Garson Gold Corp.

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2009) - ALEXIS MINERALS CORPORATION (TSX:AMC) ("Alexis" or the "Company") is pleased to announce that it has acquired approximately 15% interest in Garson Gold Corp. ("Garson")(TSX VENTURE:GG) as part of a 39,500,000 unit private placement by Garson. Alexis acquired 27,000,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to acquire one common share of Garson at an exercise price of $0.12 per warrant until September 10, 2011. Including the acquisition of the Units, Alexis currently holds 31,260,000 common shares of Garson which represents approximately 14.95% of the issued and outstanding common shares of Garson. In the event that the warrants are fully exercised, Alexis would hold 44,760,000 common shares of Garson or approximately 19.98% of the common shares of Garson on a partially diluted basis.

Alexis has made this investment, in line with its Strategic Objectives (refer news release: June 16, 2009). The Company has acquired the securities as a strategic investment and may seek to acquire additional securities through market transactions, private placements, treasury issuances or otherwise as circumstances or market conditions warrant or arise.

A copy of the early warning report to be filed in connection with this transaction may be obtained from Bruce Barch, Vice President, Investor & Corporate Affairs of Alexis Minerals at (416) 861-5905, or e-mail: bruce.barch@alexisminerals.com.

About Alexis Minerals Corporation

Alexis Minerals Corporation is a Canadian mining company listed on the Toronto Stock Exchange (symbol "AMC"). The Company owns one producing gold mine in Val d'Or and the right to earn a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda. Alexis undertakes exploration in the mineral rich Val d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper Canada). Further information about Alexis Minerals can be found at its website: www.alexisminerals.com.

Forward looking information:

This document may contain or refer to forward looking information within the meaning of applicable securities laws, based on current expectations, including, but not limited to, mineralization projections, future production estimates and cost of production projections, projected capital and operating expenditures future exploration plans and techniques, estimates regarding the timing and costs of exploration, mineral prices, and future mining plans. Forward looking statements are subject to significant risks and uncertainties, including those risks identified in the annual information form of the Company, which is available under the profile of the Company on SEDAR, and other factors that could cause actual results to differ materially from expected results. Estimates and assumptions underlying the future-looking information are based upon extensive technical and scientific analysis conducted by the management of the Company, the analysis of external consultants and information obtained by the Company from third parties. Readers should not place undue reliance on forward-looking information. Forward looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

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