Alexis Minerals Corporation
TSX : AMC
OTCQX : AXSMF

Alexis Minerals Corporation

January 11, 2011 08:30 ET

Alexis Appoints François Perron as New President & Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2011) - ALEXIS MINERALS CORPORATION (TSX:AMC)(OTCQX:AXSMF) ("Alexis" or the "Company") is pleased to announce the appointment of Mr. François Perron as the new President, Chief Executive Officer and a director of the Company. Alexis is also pleased to announce the appointment of David Rigg as the Co-Chairman of the Board of Directors of the Company with a focus on exploration and strategic matters.

Mr. Perron was the President and Chief Executive Officer of Golden Goose Resources until its sale to Kodiak Exploration in 2010. Prior to joining Golden Goose Resources, Mr. Perron was a portfolio manager, managing various resource funds for NBC Alternative Assets in 2008 and the Caisse de dépôt et placement du Québec from 2001 to 2007. In 2006, he was recognized by Brendan Woods International as a Top Gun Asset Manager in Mining. Prior to fund management, he was a research analyst covering the forest product sector at Merrill Lynch. Mr. Perron is also a director of Yorbeau Resources Inc., which is listed on the Toronto Stock Exchange. He has a Bachelor of Science, Computer Science from McMaster University and an MBA from the Hautes Etudes Commerciales.

"The Board takes great pleasure in Mr. Perron's appointment and we look forward to his valuable contribution," said Stan Bharti, Co-Chairman. "He will bring a strong capability to the management team and we have great confidence in his ability to lead the company going forward." The Board expresses its gratitude to David Rigg for his leadership and insight over the past seven years as the President and Chief Executive Officer of the Company. Under Mr. Rigg's guidance Alexis evolved from a shell company, to an exploration company to a producing gold company, being recognized in 2009 by the Val d'Or Chamber of Commerce with an award for 2008 Company of the Year and an award for "Production and Transformation" for the quality of operations of a natural resource enterprise.

The Company also announces that Jamie Lavigne has stepped down as Vice President, Exploration of the Company but will continue with the Company in a consulting role. In addition, Bruce Barch has resigned as the Vice President, Investor and Corporate Affairs of the Company. The Company would like to thank both Mr. Lavigne and Mr. Barch for the contributions that they provided to management of the Company.

About Alexis Minerals

Alexis Minerals Corporation is a Canadian mining company listed on the Toronto Stock Exchange (symbol "AMC") and trades in the United States on the Over the Counter QX International platform ("OTCQX:AXSMF"). The Company owns one producing gold mine in Val-d'Or and the right to earn a 100% interest in the Lac Pelletier gold property in Rouyn- Noranda, both in Quebec. Alexis also owns the Snow Lake Mine in Manitoba. With these assets Alexis has the potential to develop gold production forwards. Alexis is targeting mid-tier gold production levels in 2011. Alexis undertakes exploration in the mineral rich Val-d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper) as well as in the Snow Lake Mining Camp (100% ownership of 92 sq. km). For more information about Alexis Minerals visit alexisminerals.com.

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 new management 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". Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. 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. For a description of the factors affecting forward-looking information and the basis of management estimates, please see a copy of the annual information form of the Company and the technical report relating to the feasibility study, both of which are 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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