Alexander Energy Ltd. Announces Closing of Private Placement of Common Shares

Alexander Energy Ltd. ("Alexander" or the "Company") (TSX VENTURE:ALX) announced
today that it has completed the previously announced non-brokered private
placement offering of common shares, subject to TSX Venture Exchange final
approval. The Corporation issued 8,666,667 at a price of $0.15 per share, for
gross proceeds of $1,300,000. The common shares issued in connection with the
private placement are subject to a hold period that expires on January 14, 2014.
The net proceeds from the offering will be used for general working capital
purposes. 


Daniel Wilson, the Chief Executive Officer and a director of Alexander,
subscribed for 2,000,000 common shares, Ronald Peshke the Chief Operating
Officer of Alexander, subscribed for 2,000,000 common shares and Hugh Thomson,
the VP Finance and Chief Financial Officer of Alexander, subscribed for 666,667
common shares under the private placement. In addition, William MacDonald, James
Sanden and Doran Flock, directors of Alexander, subscribed for 1,333,333 common
shares, 666,667 common shares and 500,000 common shares, respectively, and Ike
Kolias, a 10% shareholder of Alexander, subscribed for 1,500,000 common shares
under the private placement. Alexander has determined that exemptions from the
various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral
Instrument 61-101 are available for the issuance of the common shares (Formal
Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair
Market Value Not More Than 25% of Market Capitalization). No new insiders were
created, nor has any change of control occurred, as a result of this private
placement. No finder's fees were paid on the proceeds of the closing.


Mr. Ike Kolias acquired 1,500,000 common shares under the private placement and
upon completion of the private placement, Mr. Kolias will own or control
8,177,000 common shares or approximately 11.53% of the total issued and
outstanding common shares of Alexander. The purchase of the shares by Mr. Kolias
was made for investment purposes. Mr. Kolias may increase or decrease his
investment in Alexander depending on market conditions or any other relevant
factors.


Forward-Looking Statements: This news release may contain certain
forward-looking information. All statements included herein, other than
statements of historical fact, is forward-looking information and such
information involves various risks and uncertainties. There can be no assurance
that such information will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in the company's disclosure
documents on the SEDAR website at www.sedar.com. The company does not undertake
to update any forward-looking information except in accordance with applicable
securities laws.. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


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FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexander Energy Ltd.
Daniel T. Wilson
Chief Executive Officer
[phone] or Mobile: [phone]
[phone] (FAX)
[e-mail]


Alexander Energy Ltd.
1540, 521-3rd Avenue S.W.
Calgary, Alberta T2P 3T3
www.alexanderenergy.ca