Mr. Clynton Nauman reports

ALEXCO REPORTS CLOSING OF $7 MILLION FLOW-THROUGH FINANCING

Alexco Resource Corp. has closed the private placement announced in its news releases dated April 1, 2013, and April 15, 2013. The company has issued 2.1 million flow-through common shares at a price of $3.35 per flow-through share for gross proceeds of $7,035,000.

The gross proceeds from the sale of the flow-through shares will be used for expenditures on the company's Keno Hill district exploration properties, which qualify as Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), with the company to ensure that such Canadian exploration expenses qualify as flow-through mining expenditures (which qualify for the 15-per-cent federal investment tax credit) for purposes of the Income Tax Act (Canada).

We seek Safe Harbor.