Alexandria Minerals Corporation
TSX VENTURE : AZX

Alexandria Minerals Corporation

November 30, 2006 09:49 ET

Alexandria Increases Financing to C$2,596,790

TORONTO, ONTARIO--(CCNMatthews - Nov. 30, 2006) -

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

Alexandria Minerals Corporation (TSX VENTURE:AZX) is pleased to announce that it has increased the total amount to be raised in its private placement as previously disclosed on November 8, 2006, from $2,000,000 to $2,596,790. The non-brokered private placement will now consist of 5,315,316 Common Share Units at a price of $0.19 per unit and 6,612,000 Flow Through Units at a price of $0.24 per unit. The other terms previously disclosed on November 8, 2006 will remain the same.

About Alexandria Minerals Corporation

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.

This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

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 has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

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