Alexandria Minerals Corporation
TSX VENTURE : AZX
FRANKFURT : A9D

Alexandria Minerals Corporation

December 19, 2006 14:34 ET

Alexandria Begins Drilling Program in Val d'Or

TORONTO, ONTARIO--(CCNMatthews - Dec. 19, 2006) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FWB:A9D) has started a 15,000-meter drilling program to be completed during 2007 on its properties in the Abitibi Greenstone Belt near Val d'Or, Quebec. The initial focus of drilling will be on the western portion of the properties that were recently acquired from IAMGOLD-Quebec Management Inc. (formerly Cambior Inc.) and Aur Resources (See press releases issued May 1, 2006; September 29, 2006; and October 6, 2006).

"We're looking forward to an aggressive exploration program for the coming year," says Eric Owens, Company president. "Alexandria has recently completed the largest financing in our Company's history; we now have the ability to conduct a major drilling program that will run throughout 2007."

The Company's current Val d'Or property position is shown in Figure 1. The Aur and IAMGOLD-Quebec properties host five historical, advanced-stage gold and base metal exploration targets, as well as property-wide, early stage geochemical, geophysical, trench and drill hole targets. The first hole is in progress and should be completed before the holidays on December 19, 2006. This hole will test the Hogge Zone on the Oramaque Property (see Figure 1) where trenching and drilling by previous explorers yielded strong gold mineralization, including up to 21.6 g/t gold and 0.56% copper over 3.8 m from a drill hole in a skarn-like setting.

To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/1219azx.jpg

Recent surface examination of the Hogge Zone by Alexandria personnel on the Oramaque property resulted in the collection of four rock samples taken from outcrop of pyrite-bearing basalt and gabbro. Of the four grab samples, two yielded 6.99 g/t gold and 62.3 g/t gold. Analysis was performed by ALS Chemex.

About Alexandria Minerals Corp.

Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, currently focused on the exploration for precious metals on mineral properties located in Northern Ontario and Quebec. The Company's management has extensive global experience with small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits. The Company is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

WARNING: The Company relies upon litigation protection for "forward-looking" statements. 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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