Alexandria Minerals Corporation

Alexandria Minerals Corporation

February 19, 2008 12:55 ET

Alexandria Enlarges its Matachewan, Ontario, Property

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2008) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) has signed an agreement to purchase 9 mineral claims adjacent to its Matachewan property along the Cadillac Break in Cairo, Township, Northeastern Ontario. The property now covers 11 km along the Cadillac Break.

Historical exploration drilling has yielded encouraging results on the new claims, which are underlain by geology similar to the nearby Northgate Minerals' Young-Davidson deposit (4.20 million ounces of gold minable by open pit and underground methods, see Northgate press release Febraury 6, 2008). In the early 1990's one of three holes drilled by Biralger Resources on the new claims reportedly intersected 0.77 g/t Au over 27 meters (core length), hosted in altered and deformed syenite near the Cadillac Break. This area has never been followed up with a drill programme.

Alexandria is purchasing 100% of the mineral rights to the 9 claims for the following consideration: pay $25,000 cash and issue 125,000 treasury shares to the vendor upon signing, and pay an additional $22,000 cash to the vendor by June 21, 2008.

The Company is currently in the middle of a four-hole, 2,000 m drilling programme on the Matachewan property.

In addition to its Matachewan drilling, the Company has two drill rigs operating on its Cadillac Break properties in Val d'Or. One rig is focused on enlarging Orenada 2; the other is currently on the Oramaque property about 1 km east of Orenada. The latter rig is testing an under-explored section of the Cadillac Break where the Company previously reported 3 separate intersections from DDH AAX-07-09 of 1.97 g/t Au over 10.18 m, 1.54 g/t Au over 4.95 m, and 2.81 g/t Au over 3.84 m (all lengths are core lengths - see press release March 26, 2007). Since the beginning of 2008, the Company has completed 8 holes on Orenada and Oramaque.

In other matters, the Company has accepted the resignation of Rupert Legge as Corporate Secretary, and has appointed Kavitha Shanmugarajah for this position. Alexandria has also authorized the issue of 5,000 incentive stock options to an employee of the company. The Company is also in the final stages of completing a 43-101 technical report on the Cadillac Break properties; assay results from the final five holes drilled in 2007 are awaiting the release of this report.

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.

The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Persons, Eric Owens, PGeo, and Eddy Canova, PGeo. Historical data presented in this press release should not be relied upon, as the Company has not conducted sufficient testing to verify this information.

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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