Alexandria Drills Triangle Zone-like Targets on its Airport Property in Val d'Or

TORONTO, ONTARIO--(Marketwired - April 13, 2016) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(OTC PINK:ALXDF)(FRANKFURT:A9D) is pleased to announce that it is drilling for high grade gold targets on its Airport property adjacent to the Triangle Zone property of Integra Gold Corporation.

Alexandria is testing geophysical targets that are similar to that of the nearby Triangle Zone, which is characterized by high grade gold-quartz veins with reported assays up to 93.02 g/t Au over 3.7 m. Alexandria's first targets are located about 500 m southwest of the Triangle Zone, and about 200 m west of, and along strike with, the South Triangle Zone, with reported assays up to 14.67 g/t Au over 6.3 m.

Eric Owens, President and CEO of Alexandria Minerals, said, "We have identified a number of Triangle Zone type drill targets on our Airport property, and are looking forward to the results."

The drill holes are part of a 2,500 m drill program on its western Cadillac Break properties. The Company has been focused on exploring for gold and gold-copper deposits related to the East Sullivan Intrusion. Drill results are pending for the holes completed at Zone 5 located 4 km southeast of the Airport property.

All technical information presented in this press release has been reviewed by Vice President Exploration, Philippe Berthelot, P.Geo, who is the Company's Qualified Person. All exploration work on the property is conducted under the direct supervision of Mr. Berthelot, and the Company adheres to industry best practices consistent with NI 43-101 for its QA/QC program.

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

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with important gold resources and mineral properties in the world class mining districts of Val d'Or, Quebec; Snow Lake-Flin Flon, Manitoba; and Red Lake, Ontario. The following are significant shareholder groups of Alexandria: Agnico Eagle Mines Ltd., 8.9%, Sandstorm Gold Ltd., 8%, Management/Insiders, 8%, Teck Corp., 2%, IAMGOLD Corp., 2%, High Net Worth Investors, 25%.

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.