Alexander Mining plc: Red Crescent Resources Limited to Investigate the use of AmmLeach(R) Technology at its Zinc and Copper ...

Alexander Mining plc (TSX VENTURE:AXD)(AIM:AXM) - ('Alexander' or the 'Company') - 

Alexander is pleased to report that Red Crescent Resources Limited ("RCR") has
announced that it intends to investigate the use of AmmLeach(R) technology for
the primary recovery of copper and zinc from the oxide mineralisation at several
of its base metals projects in Turkey. 


At RCR's Hakkari Zinc flagship project in far south-east Turkey, a full
feasibility study on an optimised process engineering solution utilising
AmmLeach(R) for primary zinc metal production is expected to be completed by
late Q4/2012, for reporting in Q1/2013. Furthermore, RCR has identified
secondary potential which they believe to be in excess of 1.5 million tonnes of
lower grade non-Direct Shippable Ore ("DSO") reject zinc material dumped
regionally in Hakkari over the past 10 years by small scale miners. RCR believes
this may be a major potential opportunity for low cost processing using
AmmLeach(R). An early concept engineering study for the gathering and processing
of this mineralised material will begin in March 2012.


RCR's plan for its Sivas copper project in north-east central Turkey is to
deliver early production through investigating the potential application of
Alexander's proprietary oxide (AmmLeach(R)) and sulphide (HyperLeach(R))
technologies via a technical cooperation. At the Sivas Project, RCR is
continuing exploration with an inaugural NI43-101 technical and resource report
from exploration results up to early December 2012 for the project planned for
publication in Q1/2013.


Information about Red Crescent Resources Limited

Red Crescent Resources Limited is a Canadian listed (TSX:RCB) junior mining and
exploration company with a business focussed on development in the Republic Of
Turkey through a 99.96% owned operating subsidiary RCR Holding A.S. The Turkish
operations are targeting historically inaccessible areas for application of
modern mining and exploration techniques and technology to develop the full
potential of known metal and mineral assets that exhibit strong scalability and
high grade. 


RCR's Hakkari Zinc project is one of two flagship projects under development and
which is now producing DSO while developing resources from within the
mineralized zone underground and with some open pitting, this project intends to
have completed its metallurgical pre-feasibility study and a provisional
environmental assessment by the end of 2012 while having mined and shipped
approximately 15,000t to 20,000t of zinc contained metal in DSO and
concentrates. 


RCR's other flagship project is the SIVAS Copper project being developed within
RCR Holding A.S. subsidiary RCR Quantum A.S. and which is showing promising
potential for development of a resource base in excess of 150M tonnes grading
+1% Copper equivalent (with possible nickel and gold credits). 


RCR's strategic and operational focus is fundamentally under-written by virtue
of its situational geography; with Turkey seen as one of the fastest growing
industrial economies. The sustainability of this growth is dependent upon
Turkey's ability to fund the growing balance of payment deficit caused by its
continued and accelerating growth in consumption of the main industrial base
metal & other mineral commodities; four of the top six are copper, zinc, lead,
and ferro-metals. RCR is the leader in the drive for Turkey to be as far as
possible self-sufficient by virtue of its ability to produce the key industrial
base metal commodities required by 2023.


Forward-Looking Statements

This news release may contain forward looking statements, being statements which
are not historical facts, including, without limitation, statements regarding
potential mineralization, exploration results, resource or reserve estimates,
anticipated production or results, sales, revenues, costs, "best-efforts"
financings or discussions of future plans and objectives. There can be no
assurance that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are subject to
numerous risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated or projected. Important
factors that could cause actual results to differ materially from the Company's
expectations are in Company documents filed from time to time with the TSX
Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements unless required by law.