AZX Alexandria Minerals Corporation

Alexandria Minerals Corporation (TSX
VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) is pleased to report on its strong
financial position in its 3rd quarter financial reports, with net income of
$2,048,414 during the 3rd Quarter ending January 31, 2014, and current working
capital of $5.5 million.


These financial results are principally due to the sale during the 3rd quarter
to Agnico Eagle of the 14 claim West Zone Gold-Copper property, a discovery by
Alexandria geologists in 2012 at a cost of just $0.69/ounce of gold discovered.


Eric Owens, President and CEO, said: "The importance of the sale of the West
Zone is that, in addition to strengthening our balance sheet, it shows
Alexandria is one of a few successful junior companies that can make money on
its projects, an important consequence of being in an infrastructure-rich mining
district like Val d'Or. Our impressive cash position provides Alexandria with
the resources to continue to explore and develop the 662 claims that our company
retains out of the 676 claims straddling the Cadillac Break Tectonic Zone. Our
property package remains one of the most significant, underexplored and
contiguous mineral properties in Quebec's Val d'Or. "


The West Zone sale is the result of the perseverance of Alexandria's management
and technical teams in its exploration efforts and industry relationships. The
initial shallow discovery holes were completed in early 2012 shortly after the
Company released its first National Instrument ("NI") 43-101 Resource Estimate
on its Akasaba project in March 2012, reporting the following intersections on
June 26, 2012: 




  IAX-11-185   1.07 g/t Au and 0.57% Cu over 38.40 m True Width ("TW")
  IAX-12-194   1.26 g/t Au and 0.64% Cu over 52.85 m TW               



Follow-up step-out drilling over the next 6 months led to definition of the West
Zone as a 400 m long, 60 m wide and 300 m deep gold-copper zone, and a
subsequent NI 43-101 resource update in February 2013, less than 12 months after
the first formal resource estimate of 14,863,740 tonnes grading 0.69 g/t gold
and 0.41% copper for 332,074 ounces of gold and 61,255,885 kilograms of copper
(Press Release February 7, 2013). 


The discovery also expanded the gold-bearing main Akasaba Mine Trend from just
over 1,200 m long to more than 2,000 m long, a significant increase in
established footprint of gold on the property. Recent geophysical work suggests
the mine trend may continue eastward from the mine area, which Alexandria still
owns, as Induced Polarization anomalies were detected 500 m further east.


Elsewhere, Alexandria is in the midst of a 4,000 m drill program on its Sleepy
project, located 15 km east of the Akasaba project, with intent to complete this
round before the end of April. In addition the Company is completing a 102
line-km Induced Polarization survey over its Oramaque, Ducros and Annamaque
projects, located 7 km west of Akasaba.


Program design, management, and Quality Control/Quality Assurance are governed
by Alexandria's exploration group of which Eric Owens, P.Geo, is the Company's
Qualified Person. All exploration work on the property is conducted under the
direct supervision of Emilie Batailler, P.Geo. The QA/QC program is consistent
with NI 43-101 and industry best practices and has been previously addressed in
the NI 43-101 Technical Report on the Cadillac Break properties (February 2008)
as well as in subsequent NI 43-101 reports found on the Company's website or on
www.sedar.com.


Further information about the Company is available on the Company's website,
www.azx.ca, or our social media sites listed below: 


Facebook:
https://www.facebook.com/pages/Alexandria-Minerals-Corporation-AZXTSXV/186115074772628



Twitter: https://twitter.com/azxmineralscorp 

YouTube: http://www.youtube.com/AlexandriaMinerals 

Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and
development company with one of the largest portfolio of properties along the
prolific, gold-producing Cadillac Break in Val d'Or, Quebec. Global gold
resources are distributed between three projects on its Cadillac Break Property
package, Akasaba, Sleepy, and Orenada, the details of which can be found on the
Company's website at www.azx.ca. The Company is currently focused on advancing
its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in
the region, owns roughly 10% of the Company.


WARNING: This News Release may contain forward-looking statements including but
not limited to comments regarding the timing and content of up-coming work
programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. Alexandria Minerals Corporation relies upon litigation protection
for forward-looking statements. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexandria Minerals Corporation
Mary Vorvis
Vice President, Corporate Development
416-305-4999


Alexandria Minerals Corporation
Eric Owens, PGeo
President/CEO
416-363-9372
info@azx.ca
www.azx.ca

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