Alexandria Deepens the Sleepy Zone by 100 m with Drill Intersection of 13.45 g/t Au over 0.70 m

Alexandria Minerals Corporation (TSX
VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) is pleased to report on three of
its winter drill holes from its 9 holes, 4,000 m winter step-out drilling
program on its Sleepy project in Val d'Or, Quebec, which has intersected high
grade gold assays from both the Sleepy Zone and the separate Ozawi Zone, 100 m
to the south of the Sleepy Zone.


Diamond drill holes SAX-14-027A and SAX-14-028 penetrated the target Sleepy Zone
100 m and 65 m below the nearest gold-bearing holes, extending gold
mineralization to 550 m vertical depth. DDH SAX-14-27A intersected 13.45 g/t Au
over 0.70m Au in the Sleepy Gold Zone, part of a broader zone of
albite-quartz-pyrite alteration. Similarly, DDH SAX-14-028 intersected 2
separate high grade zones, 5.35 g/t over 0.50 m and 5.41 g/t over 0.50 m, each
part of a broader lower grade envelope of 0.72 g/t Au over 21.00 m.


These drill holes further enlarge the high grade zone that Alexandria's
geologists discovered below the Current Resources (National Instrument 43-101
compliant Inferred Resources of 1.5 million tonnes grading 3.0 g/t Au, for
150,400 ounces of gold). This high grade zone, with assay results up to 6.82 g/t
over 16.96 m true width, is now 200 m long by 200 m deep.




Table 1. Selected Assay Results from the Sleepy Zone.                      
                                                                           
---------------------------------------------------------------------------
                           From        To   Core Length      T.W.          
Hole #                      (m)       (m)           (m)       (m)    Au g/t
---------------------------------------------------------------------------
SAX-14-027-A             596.00    596.70          0.70      0.52     13.45
---------------------------------------------------------------------------
SAX-14-028               634.00    658.00         24.00     15.28      0.65
---------------------------------------------------------------------------
  Including              634.00    655.00         21.00     13.37      0.72
---------------------------------------------------------------------------
  Including              634.00    634.50          0.50      0.32      5.35
---------------------------------------------------------------------------
  Including              643.00    657.00         14.00      8.93      0.76
---------------------------------------------------------------------------
  Including              643.00    643.50          0.50      0.32      5.41
---------------------------------------------------------------------------



Diamond drill holes SAX-14-027- and SAX-14-027-A also intersected high grade
gold mineralization along the Ozawi Zone (formerly the South Zone), a shear zone
some 100 m to the south of the Sleepy Zone. The Company has previously
intersected high grade mineralization in the Ozawi Zone, such as 27.0 g/t Au
over 8.4 m, including 248.8 g/t Au over 0.50 m. Company geologists are
monitoring and reviewing these results with an eye toward further drill testing.




Table 2. Selected Assay Results from the Ozawi Zone.                       
                                                                           
---------------------------------------------------------------------------
                           From        To   Core Length      T.W.          
Hole #                      (m)       (m)           (m)       (m)    Au g/t
---------------------------------------------------------------------------
SAX-14-027               449.50    458.60          9.10      5.86      1.13
---------------------------------------------------------------------------
  Including              454.80    455.30          0.50      0.32      2.49
---------------------------------------------------------------------------
  Including              455.80    456.60          0.80      0.52      8.43
---------------------------------------------------------------------------
SAX-14-027-A             446.30    452.00          5.70      4.09      1.78
---------------------------------------------------------------------------
  Including              449.30    450.00          0.70      0.50      6.95
---------------------------------------------------------------------------



The Company intends to provide an updated National Instrument 43-101 Resource
Estimate later this year.


Elsewhere, the Company is continuing drill target planning for its 10,000 m
drill program on the western portions of its 35 km long Cadillac Break group of
properties. During the winter, Alexandria completed 18 square km of surface and
downhole Geophysical surveys (Induced Polarization), as well as 8148.35 m of
drilling, all of which have provided numerous follow-up drill targets.


Program design, management, and Quality Control/Quality Assurance are governed
by Alexandria's exploration group of which Philippe Berthelot, P.Geo, is the
Company's Qualified Person. Mr. Berthelot has reviewed the results in this press
release. All exploration work on the property is conducted under the direct
supervision of Emilie Batailler P.Geo and Philippe Berthelot. The QA/QC program
is consistent with NI 43-101 and industry best practices and has been previously
addressed in the NI 43-101 Technical Report on the Cadillac Break properties
(February 2008) as well as in subsequent NI 43-101 reports found on the
Company's website or on www.sedar.com.


Further information about the Company is available on the Company's website,
www.azx.ca, or our social media sites listed below:


Facebook:
https://www.facebook.com/pages/Alexandria-Minerals-Corporation-AZXTSXV/186115074772628


Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and
development company with one of the largest portfolio of properties along the
prolific, gold-producing Cadillac Break in Val d'Or, Quebec. Global gold
resources are distributed between three projects on its Cadillac Break Property
package, Akasaba, Sleepy, and Orenada, the details of which can be found on the
Company's website at www.azx.ca. The Company is currently focused on advancing
its Akasaba project. Agnico-Eagle Mines Ltd., with three producing gold mines in
the region, owns roughly 9% of the Company.


WARNING: This News Release may contain forward-looking statements including but
not limited to comments regarding the timing and content of up-coming work
programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. Alexandria Minerals Corporation relies upon litigation protection
for forward-looking statements.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexandria Minerals Corporation
Eric Owens, PGeo
President/CEO
[phone]
[e-mail]


Alexandria Minerals Corporation
Mary Vorvis
Vice-President Corporate Development & Investor Relations
[phone]
[e-mail]
www.azx.ca