Alexandria Annual General Meeting Brings Michael Pesner to Board

TORONTO, ONTARIO--(Marketwired - Oct. 24, 2013) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) is pleased to announce that Mr. Michael Pesner was elected to the Board of Directors during the Company's Annual General Meeting held on October 16, 2013.

Mr. Pesner, a Chartered Professional Accountant, who was formerly a Senior Partner at KPMG for 26 years, currently sits on the boards of both private and public companies, including Richmont Mines Inc., DAVIDsTEA Inc., Le Chateau Inc., Quest Rare Metals Ltd. Fresche Legacy Inc. and Well.ca. He brings considerable experience with financings and financial management, corporate governance, mergers and acquisitions.

Eric Owens, President and CEO, said, "Alexandria's management and Board welcomes Michael to our team. He adds a new dimension to our already solid Board, and we look forward to working with him as we move into a new period of growth."

Also re-elected as board members were Walter Henry, as chairman of the Board, Charles Page, Chair of the Audit Committee, John Thomas, Robert Geis and Eric Owens. Other matters approved by the shareholders included the company's Stock Option Plan, appointment of MNP LLP as auditors for the coming year, and the adoption of an Advance Notice Policy.

Alexandria has recently resumed drilling on its Akasaba project, where it is focused on step-out drilling in order to expand the gold-copper resource on the main Mine Trend and surrounding sub-parallel zones as explained in the Company's press release of October 8, 2013.

Further information about the Company is available on the Company's website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals

Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest portfolio of properties along the prolific, gold-producing Cadillac Break in Val d'Or, Quebec. Global gold resources are distributed between three projects on its Cadillac Break Property package, Akasaba, Sleepy, and Orenada, the details of which can be found on the Company's website at www.azx.ca. The Company is currently focused on advancing its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in the region, owns roughly 10% of the Company.

WARNING: This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.