Alexis Minerals Corporation

Alexis Minerals Corporation

April 18, 2011 08:00 ET

Alexis Appoints a New Director to Its Board

TORONTO, ONTARIO--(Marketwire - April 18, 2011) -ALEXIS MINERALS CORPORATION (TSX:AMC)(OTCQX:AXSMF) ("Alexis" or the "Company") is pleased to announce the appointment of Mr. Mark Eaton to the Board of Directors of Alexis effective immediately.

Mr. Eaton is the President and Chief Executive Officer of Belo Sun Mining Corp. He is an experienced investment professional with over 20 years of experience in equity capital markets specializing in the resource sector. From 1998 to 2007 he held the position of Managing Director of Global Mining Sales, a division of CIBC World Markets of Toronto and Manager of US Equity Sales for CIBC World Markets. Prior to joining the Corporation, Mr. Eaton's most recent position was as a Partner and Director of Loewen Ondaatje McCutcheon Ltd., a Toronto-based investment dealer, which he held from January 2007 until he joined the Board of UEX Corporation in March, 2008, where he now serves as Chairman. Mr. Eaton is also on the Board of Directors for Rodinia Lithium, a Canadian mineral exploration and development Company. From 2008 to 2010, Mr. Eaton was a private investor and consultant. Mr. Eaton is a graduate from Hull University, England.

"We are very pleased with Mark's appointment to the Board," said Stan Bharti, Chairman. "Mark brings with him a wealth of mining and financial expertise which adds additional depth to the existing Alexis Board. Mark will be an integral contributor to help progress Alexis to its goal of being a mid-tier gold company."

Mr. Eaton's appointment follows the resignation of Tony Wonnacott who has served on the Board of Directors for Alexis since 2004. The Board expresses its gratitude to Tony for his contributions over the past seven years and wishes him much success with his future endeavours.

About Alexis

Alexis Minerals Corporation is a Canadian publicly traded mining company concentrating on exploration and mine development. The Company is listed on the Toronto Stock Exchange ("TSX") under the symbol "AMC", and trades in the United States on the Over the Counter QX International ("OTCQX") platform under the symbol "AXSMF". The Company's focus is to grow through exploration, development and acquisition of mineral properties and directly and indirectly, through joint ventures. Alexis is now in its second full year as a junior gold-producing company. The Company holds a dominant property position (over 1,050 km2) in three of Canada's richest mining camps: Val-d'Or and Rouyn-Noranda, in the Abitibi District of Québec, Canada, historically the 3rd richest gold producing region in the world; and Snow Lake, Manitoba, Canada. Alexis undertakes exploration across these properties searching for new world class discoveries, while maintaining a focus on growing Alexis to become a mid-tier gold producer.

Forward-looking information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the impact of this appointment on the Company, the timing and amount of future production, and the future financial or operating performance of Alexis and its projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements regarding the appointment are based on management's assessment on the date such assessments are made, based on past experience and competencies of the appointee. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company, which is available under the profile of the Company on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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