Drilling at Alexandria's Siscoe East Property Intersects 43.67 g/t Au over 1.9 m

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2009) - Alexandria Minerals Corporation (TSX VENTURE:AZX)A reported today that the optionee on Alexandria's Siscoe East property, Niogold Mining Corporation, has intersected 43.67 g/t Au over 1.9 m (core length) from hole SE-09-004. Drill hole SE-09-004 tested the western contact area of the Bourlamaque Batholith, in the vicinity of the Sullivan Mine, which produced 1.1 million ounces of gold in the last century. The Bourlamaque Batholith is a large granitic body that hosts numerous gold deposits, including the Sullivan Mine, the Ferdeber Mine, and Alexis Minerals' Lac Herbin Mine. "These are exciting results, as they verify that there is more gold to be found along the same structures that have produced so much gold in the past," says Eric Owens, President of Alexandria. "We look forward to the continuing activities on this property." A second nearby hole, SE-09-003, intersected multiple deformation and alteration zones, reporting the following assays: 1.71 g/t Au over 4.0 m (including 4.98 g/t Au over 1.1 m) and 1.53 g/t Au over 6.9 between 459 m to 498 m down hole. The gold bearing intervals in both holes are characterized by intense fracturing, quartz vein stockworks, alteration and sulfide mineralization. The results presented in this press release are exploratory in nature and have been reviewed by the company's Qualified Persons, Eddy Canova, PGeo, and Dr. Eric Owens, PGeo. There is currently no mineral resource on the Siscoe East property as defined by NI 43-101, and no guarantee that an economic gold deposit underlies the property. Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, focused on the exploration for precious metals on mineral properties located in Northern Ontario and Quebec. The Company's management has extensive global experience with small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits. Alexandria is a reporting issuer in the provinces of British Columbia, Alberta and Ontario. 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.