Alexis Minerals Corporation

Alexis Minerals Corporation

July 13, 2007 08:00 ET

Alexis Minerals Receives Conditional Approval for Toronto Stock Exchange Listing

TORONTO, ONTARIO--(Marketwire - July 13, 2007) - Alexis Minerals Corporation (TSX VENTURE:AMC) has been granted conditional approval by the Toronto Stock Exchange for the listing of its common shares. AMC anticipates that it will begin trading on the Toronto Stock Exchange once final documents have been provided to the TSX.

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

"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."

About Alexis Minerals

Alexis Minerals Corporation is a Canadian exploration and development company listed on the TSX Venture 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 mil 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 five (5) surface drills are currently active on the Val-d'Or and Rouyn-Noranda properties.

Certain statements contained in this news release may contain forward-looking information within the meaning of applicable securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding mineral resource estimates, the results of the feasibility study and preliminary evaluation, the company's plan of business operations, production levels and costs, receipt of working capital, anticipated revenues, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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