Alexis Minerals Corporation
TSX : AMC
OTCQX : AXSMF

Alexis Minerals Corporation

February 16, 2010 08:30 ET

Alexis Minerals Enhances Investor Awareness and Access-Commences Trading on OTCQX

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2010) - ALEXIS MINERALS CORPORATION (TSX:AMC)(OTCQX:AXSMF)  ("Alexis" or the "Company") is pleased to advise that today it commences trading on the highest tier of the U.S. Over the Counter market ('OTC') - the OTCQX®, where it will trade under the symbol "AXSMF". This listing enhances the opportunity to increase the awareness and liquidity for Alexis in the United States, the prime global investment market. Alexis gains broad exposure to U.S. institutional and retail investors as it continues to build a global brand in this low-cost, efficient manner.

Several of the world's largest companies by market capitalization are currently trading on the OTCQX. One advantage of listing on the OTCQX is that companies are distinguished from thousands of others trading on different tiers in the U.S. OTC market. The OTCQX listing platform offers investors transparent trading, distribution of company information, and access through their regulated U.S. broker-dealers. Investors can find current financial disclosure and quotes for Alexis on www.otcqx.com

About Alexis Minerals

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 where an underground bulk sampling and exploration program is ongoing. 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). A third project area is located in the very prospective Snow Lake Mining Camp in Manitoba where Alexis intends to complete a feasibility study of the Snow Lake mine (formerly the New Britannia Mine) in 2010 as well as exploration across the properties. Alexis currently has four surface drills active in exploration. Further information about Alexis Minerals can be found at its website: www.alexisminerals.com.

Forward looking information.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and benefits of this additional listing; the requirements of the listing; and regulatory matters. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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