An anonymous director reports

ALEXCO ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL UNIT FINANCING

Alexco Resource Corp., in connection with its previously announced short-form prospectus offering, has entered into an amended agreement with the underwriter to increase the underwritten offering from $5,002,500 to $7,015,000. The company has granted the underwriter an option to purchase additional units at the offering price to raise additional gross proceeds of up to 15 per cent of the underwritten offering for a period of 30 days after and including the closing date to cover overallotments, if any, and for market stabilization purposes. If the overallotment option is fully exercised, the total gross proceeds from the offering will be $8,067,250.

The net proceeds from the offering are expected to be used by the company for exploration and development of the company's projects, and for general working capital purposes.

Closing of the offering is anticipated to occur on or around Aug. 21, 2014, and is subject to certain conditions, including, but not limited to, the receipt of all applicable regulatory approvals, including approval of the Toronto Stock Exchange and the New York Stock Exchange.

We seek Safe Harbor.