Alexandria Minerals Corporation
TSX VENTURE : AZX
FRANKFURT : A9D

Alexandria Minerals Corporation

February 29, 2008 12:39 ET

Alexandria Releases NI 43-101 Report on its Cadillac Break Gold Properties

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2008) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) has filed a National Instrument-compliant 43-101 technical report, covering the Company's Cadillac Break gold properties in Val d'Or, Quebec, on Sedar today.

Alexandria's Cadillac Break group of properties consist of 18 individual gold properties comprised of more than 600 claims stretching over 32 km along a relatively unexplored section of the Cadillac Break southeast of Val d'Or. The properties host four historic gold deposits, one historic copper deposit, and contain more than 2,400 historic drill holes.

Over the past 15 months, Alexandria has completed 50 drill holes (16,340 m) on the Orenada property as it enlarges the historic Orenada deposit, and an additional 32 exploration holes (13,940 m) on other Cadillac Break properties. The drilling program has been successful, including the following previously announced results:



------------------------------------------------------------------
True Width Avg. Grade
Hole (m) (g/t Au) Location Press Release
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AAX-07-09 8.41 1.97 Oramaque 27-Mar-07
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Incl. 0.83 13.23
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AAX-07-11 71.50 1.02 Orenada 2 25-Apr-07
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Incl. 9.02 5.29
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OAX-07-16 27.08 2.19 Orenada 2 16-Oct-07
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Incl. 4.68 11.44
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OAX-07-19 8.77 2.45 Orenada 2 31-Oct-07
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AAX-07-12 7.48 7.90 Orenada 4 29-Mar-07
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Incl. 2.40 21.37
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OAX-07-13A 10.18 2.60 Orenada 4 15-Aug-07
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Incl. 7.42 3.24
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BS-07-37 2.40 1.97 Bloc Sud West 24-May-07
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IAX-07-15 8.27 3.35 Sleepy 06-Jun-07
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The report, by independent geologists Alain-Jean Beauregard and Daniel Gaudreault at Geologica Groupe Conseil of Val d'Or, was completed to meet the requirements of National Instrument 43-101, and is part of a larger compilation programme the Company has undertaken to review in detail the potential exploration targets on this large property package. Alexandria has compiled the property-wide geophysics and geochemistry, and has been evaluating in detail the historic drill holes to aid in drill target identification.

The 43-101 report identifies gold and base metal prospectivity on the Cadillac Break properties in light of the varied geology, but with emphasis on the proximity of the Cadillac Break fault zone, a notable regional geologic structure which has controlled the location of gold deposits along its 300 km length. In addition to individual property prospectivity, the report notes the general paucity of drilling on the properties exceeding 150 m depth, a very important consideration in light of recent gold discoveries below 500 m depth, as at Agnico Eagle's Goldex and Lapa's deposit. The report further recommends exploration expenditures of $7,464,000 on the properties.

Currently, the Company is drilling on the Orenada property, and will soon be drilling on the Sleepy property, in order to test down-dip and along-strike extensions of the historic deposit there.

Alexandria will be exhibiting at the Annual Prospectors and Developers Association Conference in Toronto on March 2 to 5, Booth # 2716, and encourages all interested persons to visit us.

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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