Alexis Minerals Corporation

Alexis Minerals Corporation

August 23, 2007 12:05 ET

Alexis Minerals to Commence Trading on the Toronto Stock Exchange on Monday, August 27, 2007

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2007) - Alexis Minerals Corporation (TSX VENTURE:AMC) has received final approval by the Toronto Stock Exchange (TSX) for the listing of its common shares. The company will commence trading on the Toronto Stock Exchange at market opening, Monday, August 27th.

The Company's stock symbol will remain "AMC".

"Graduating from the TSX Venture Exchange to the Toronto Stock Exchange is a significant accomplishment for us," said David Rigg, President and CEO of Alexis Minerals. "A TSX full-board listing will increase our visibility to investors in Europe and North America since the Toronto Stock Exchange is internationally recognized as the premier exchange for resource stocks."

In separate company news, Alexis Minerals has issued options to purchase 3,455,000 common shares at an exercise price of $0.79 valid for a period of five years to directors, officers, employees and consultants of the Company, subject to regulatory approval.

Alexis Minerals does not hold Asset-backed Commercial Paper (ABCP)

About Alexis Minerals

Alexis Minerals Corporation is a Canadian exploration and development company soon to be listed on the TSX Stock Exchange. Alexis holds an outstanding portfolio of properties covering the Val-d'Or and Rouyn-Noranda Mining Camps in Quebec. Alexis is following strategic exploration approaches across these properties for both gold and base metals, with a focus on the potential for gold production from the 100%-owned Lac Herbin and Lac Pelletier deposits during 2007 - 2008. Alexis has a clear route to 100% ownership of all interests of Aur Resources on approximately 212 square kilometres of the Val-d'Or Mining Camp. Alexis has purchased the 1400 tonne per day Aurbel gold mill and holds a 100%-interest in the Aurbel property. The Company is also currently advancing towards a 50% interest in 825 square kilometres of the Rouyn-Noranda Mining Camp in JV with Xstrata Copper Canada (formerly Falconbridge Ltd.). Three (3) underground drills and two (2) surface drills are currently active on the Val-d'Or and Rouyn-Noranda properties. Alexis has the right to earn-in into a 100% interest in the Lac Pelletier property.

This document may contain or refer to forward-looking information based on current expectations. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alexis Minerals Corporation
    David Rigg
    President and CEO
    (416) 861-5889
    (416) 861-8165 (FAX)
    Alexis Minerals Corporation
    Peter Cashin
    Investor & Corporate Affairs
    (416) 861-5905
    Alexis Minerals Corporation
    Louis Baribeau
    Relationiste, Quebec
    (514) 667-2304