Mr. Clynton Nauman reports

ALEXCO MAILS INFORMATION CIRCULAR AND ANNOUNCES CHANGES TO THE EXECUTIVE AND BOARD OF DIRECTORS

Alexco Resource Corp. has mailed a notice of meeting and management information circular to the shareholders of record as of April 25, 2017, in connection with its annual general meeting of shareholders to be held at Suite 1165, Two Bentall Centre, 555 Burrard St., Vancouver, B.C., on Thursday, June 8, 2017, at 1:30 p.m. PT. In addition, Alexco announces changes to its executives and board of directors.

Alexco encourages shareholders to read the meeting materials, which have been filed on SEDAR and on the company's website on the annual general meeting page.

The board of Alexco recommends that shareholders vote in favour of all proposed items.

How to vote

Registered holders are asked to return their proxies by June 6, 2017, at 1:30 p.m. PT using one of the following methods:

Internet:  vote on-line using the control number located on the bottom left-hand side of the proxy

Telephone:  call 1-866-732-VOTE (8683) toll-free

Mail:  complete, date and sign the form of proxy and return it using the envelope enclosed to: Computershare Investor Services Inc., 100 University Ave., eighth floor, Toronto, Ont., M5J 2Y1

Beneficial holders are asked to vote by June 5, 2017, at 1:30 p.m. PT using one of the following methods:

Internet:  vote on-line using the control number located on the voting instruction form

Telephone:  in Canada, call 1-800-474-7493 (for English) or 1-800-474-7501 (for French); in the United States, call 1-800-454-8683

Mail:  complete, date and sign the voting instruction form and return it in the return envelope enclosed

Your vote is important regardless of the number of shares you own.

Changes to executives and board

Effective April 27, 2017, the following changes were made at the executive and board levels to reallocate duties and responsibilities among the team. The individual members of the senior executive team and board remain the same.

• Clynton Nauman was appointed Alexco's executive chairman and chief executive officer.
• Brad Thrall was appointed president of Alexco.
• Richard Zimmer was appointed lead director of Alexco.

We seek Safe Harbor.