Alexandria Minerals Corporation

Alexandria Minerals Corporation

June 11, 2008 11:27 ET

Alexandria Intersects 2.25 g/t Au over 6.00 m in New Target at Matachewan, Ontario

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) reports that it has intersected 2.25 g/t Au over 6.00 m (true width, 4.09 m) in DDH MAT-08-7 on its Matachewan, Ontario property, that included an interval assaying 4.39 g/t Au over 1.50 m (true width, 1.09 m).

DDH MAT-08-7 tested an Induced Polarization ("IP") anomaly, and was drilled under an historic trench which yielded 6.3 g/t Au over 2.00 m in a channel sample taken in the 1990's, intersecting the target at 130 m below the surface. These drill results suggest potential for a new target on the property, and there remains 15 km of untested IP anomalies on the property. Assay results from hole MAT-08-6, also testing an IP anomaly, which intersected deformed, altered and pyritic syenite and metasedimentary rocks, did not yield any anomalous assay results; results are pending for the remaining two holes.

The Matachewan property straddles 10 km of the Cadillac-Larder Lake Break in Cairo Township, the same regional fault zone which underlies the Company's Cadillac Break properties in Val d'Or, Quebec, some 200 km to the east. These claims lie 45 km southwest of Kirkland Lake, where more than 30 million ounces of gold have been produced from several mines, and has the same geology as the nearby Young-Davidson Gold Deposit, which hosts more than 2 million ounces of gold resources (Measured, Indicated and Inferred - see Northgate Minerals Press Release, December 18, 2006).

The 4 hole drill program was designed to test geophysical anomalies with favorable geological environments. This programme follows up a 5 hole program the Company completed in 2005, which indicated widespread quartz-carbonate-pyrite alteration in and around the Cadillac-Larder Lake Break. All holes from that 2005 programme intersected significant deformation, alteration and anomalous gold contents, including DDH MAT-05-3, which intersected scattered gold-bearing intervals, up to 1.05 g/t Au over 0.70 m, hosted in the contact zone between syenite and metasedimentary rocks.

The Company is reviewing all drill results and exploration data, including historic drill hole DDH C-91-2, drilled by Biralger Resources in 1991, which intersected 0.77 g/t Au over 27 m, in order to plan the next round of drilling on the property.

An updated plan map of the Matachewan drilling can be viewed by visiting the Company's website.

The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Persons, Eddy Canova, PGeo, and Dr. Eric Owens, PGeo. The drilling program employs a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Drill core is NQ-sized, and is logged, sampled and split at the Company's Val d'Or office, in intervals of 0.3 meters to a maximum of 1.5 meters. The samples are recorded, bagged and sent to Bourlamaque Assay Lab in Val-d'Or for assay. Samples are analyzed for Au, Ag, Cu and Zn, via a 30 gram pulp by FAA for Au and AA for Ag, Cu and Zn. Re-assays by FA gravimetric finish are performed on samples assaying greater than 1.0 g/t Au and re-assays greater than 5.0 g/t Au are checked a second time by FA gravimetric finish.

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: 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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