Alexander Mining plc-Firestone Selects AmmLeach(R) Process for its Torlon Hill Zinc-Lead-Silver Oxide Project in Guatemala

Alexander ('Alexander' or the 'Company') (TSX VENTURE:AXD)(AIM:AXM) and
Firestone Ventures Inc. ('Firestone') (TSX VENTURE:FV)(FRANKFURT:F5V) are
pleased to announce that Firestone has decided to advance investigating the use
of AmmLeach(R) at its Torlon Hill project in Guatemala. Firestone is in
discussions with Alexander on proposals for further bench-scale work, column
testing and a demonstration test plant designed to test further the application
of the AmmLeach(R) process.  


This follows on from Firestone's extensive preliminary metallurgical testwork on
the Torlon Hill deposit using a variety of methods. In June 2011, the summary
findings of a study ('Study') by consultant David Lunt of Stirling Process
Engineering ('Stirling') investigating the use of AmmLeach(R) for processing
material from Firestone's Torlon Hill property were announced.  


The Study supported a conceptual flow sheet using the AmmLeach(R) process in a
heap leaching, solvent extraction and steam stripping process to produce a zinc
oxide product. In addition, the adoption of heap leaching would eliminate the
need for milling, agitation leaching equipment and solid-liquid separation. As a
result, significant cost savings should be possible using AmmLeach(R),
especially since no on-site acid plant is required.  


Martin Rosser, CEO of Alexander, said: 

"We are delighted that Firestone has selected AmmLeach(R) as its preferred
processing method option at Torlon Hill, as well as for other potential
Guatemala sources of feedstock. We greatly look forward to working with
Firestone to advance its project." 


Forward Looking Statements 

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potential mineralization, exploration results, resource or reserve estimates,
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