An anonymous director reports

ALEXCO CLOSES UNDERWRITER'S OVER-ALLOTMENT OPTION

Alexco Resource Corp.'s underwriter has completed the exercise of its overallotment option. The underwriter purchased an additional 915,000 units of the company at a price of $1.15 per additional unit for gross proceeds of $1,052,250 under the company's short-form prospectus dated Aug. 15, 2014.

Each additional unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable to purchase one common share of the company at an exercise price of $1.40 on or before Aug. 21, 2016.

The underwriter received a cash fee equal to 6.5 per cent of the gross proceeds from the offering and 59,475 compensation warrants, with each compensation warrant exercisable for one common share of the company at an exercise price of $1.35 on or before Aug. 21, 2016.

Aggregate gross proceeds raised from the base offering of 6.1 million units completed on Aug. 21, 2014, and the overallotment option total $8,067,250.

We seek Safe Harbor.