Mr. Eric Owens reports

ALEXANDRIA FILES NI 43-101 TECHNICAL REPORT FOR HUDVAM PROJECT ON SEDAR

Alexandria Minerals Corp. has filed on SEDAR the technical report on the updated mineral resource estimate for its gold-rich Hudvam volcanic massive sulphide copper-gold-silver-zinc deposit in Flin Flon, Man., in compliance with National Instrument 43-101. The updated resource estimate was originally presented in an Alexandria press release dated Aug. 19, 2015.

Indicated resources at Hudvam host 930,000 tonnes grading 1.17 per cent copper, 3.62 grams per tonne gold, 1.71 per cent zinc and 13.23 g/t silver, representing a 10-per-cent increase in tonnage and 5-per-cent increase in metal content over the previous 2008 resource estimate. Inferred resources have 612,000 tonnes grading 0.77 per cent copper, 2.89 g/t gold, 1.26 per cent zinc and 6.55 g/t silver, for an 18-per-cent increase in tonnage and 15-per-cent increase in metal content over the 2008 resource estimate.

The Hudvam mineralization occurs in five principal sulphide zones hosted along multiple subparallel horizons underlying the property. Resources at Hudvam come principally from two near-surface zones (zone 1 and zone 3) located about 400 metres apart on the same stratigraphic horizon. The majority of the mineralization lies within zone 1, averaging 10 m true thickness, and extending from surface to approximately 600 metres below surface and 300 metres along strike. Zone 3 extends 200 m along strike, dips vertically and extends to a depth of 110 m.

             SUMMARY OF THE AUG. 19, 2015, HUDVAM RESOURCES

                                                  Grade
                                                                  
                      Tonnes    Copper       Gold       Zinc     Silver
                                    (%)      (g/t)        (%)      (g/t)
Indicated resources
Zone 1 underground   575,000      1.18       4.08       1.36      12.39
Crown                 25,000      1.09       2.16       1.15       9.15
Zone 3 underground   262,000      1.15       2.97       2.49      15.05
Crown                 68,000      1.23       2.83       1.87      14.85
Total indicated      930,000      1.17       3.62       1.71      13.23
Inferred resources
Total inferred       612,000      0.77       2.89       1.26       6.55

                      Grade                    Metal content
                    
                       CuEq        Copper      Gold         Zinc    Silver 
                         (%)          (lb)      (oz)         (lb)      (oz)
Indicated resources
Zone 1 underground     3.20
Crown                  2.26
Zone 3 underground     3.07
Crown                  2.90
Total indicated        3.12    24,042,000   108,000   35,069,000   396,000
Inferred resources
Total inferred         2.29    10,449,000    57,000   16,960,000   129,000

For notes to table, see press release dated Aug. 19, 2015. Slight differences in numbers from previous release are due to rounding.

The report provides guidance on future work, with particular reference to: infill drilling to upgrade resources and provide more reliable continuity of gold mineralization; drilling of existing untested geophysical targets; and further evaluation of the two sulphide zones that have been modelled but not included in the resource estimate.

For this estimate, a copper-equivalent percentage has been calculated, which incorporates the values and recoveries of the metals (copper, gold, zinc and silver) in the resource. A cut-off of 1.35 per cent CuEq was determined for the underground resources.

This press release has been reviewed and approved by Greg Greenough, PGeo, and Paul Palmer, PEng, both of Golder, and qualified persons for the WIM mineral resource update and National Instrument 43-101 technical report. Please note that mineral resources which are not mineral reserves do not have demonstrated eventual economic viability.

We seek Safe Harbor.