Alexandria Minerals Corporation
TSX VENTURE : AZX

Alexandria Minerals Corporation

December 15, 2006 15:26 ET

Alexandria Closes Second Tranche of Private Placement

TORONTO, ONTARIO--(CCNMatthews - Dec. 15, 2006) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Alexandria Minerals Corporation (TSX VENTURE:AZX) announces the closing of a second and final tranche of its combined non-Flow Through (NFT) and Flow Through (FT) non-brokered private placement announced December 11, 2006.

The $200,000 second tranche consists of 833,333 FT units with the same terms as announced previously, namely, with a one-half share-purchase warrant, where a full warrant enables the holder to purchase a share for $0.34 for one year. A finders fee of 8%, totaling $16,000, is being paid to Limited Market Dealer Inc. for this participation.

In the press release of December 11, 2006, it was erroneously reported that 6,904,499 FT units were issued in the first tranche; the correct number is 6,071,166 FT units. This second tranche brings the total financing of this private placement to $2,589,790, in which a total of 4,909,000 NFT shares and 6,904,499 FT shares were issued. In addition, a total of 5,906,750 share-purchase warrants were issued, as detailed in the press release of December 11, 2006.

The securities issued under the private placement will be subject to a hold period of four months from the date of closing, until April 9, 2007.

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.

Contact Information