NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) is pleased to
announce that it has closed the second tranche of the non-brokered private
placement originally announced on September 10, 2013, and increased on October
18, 2013, for total gross proceeds of $1,026,442, consisting of an aggregate of
10,264,420 shares at a price of 10 cents per share. 


The first tranche of the non-brokered private placement financing, as announced
on September 11, 2013, was completed on September 11, 2013, and consisted of
3,500,000 shares at a price of $0.10 per share for gross proceeds of $350,000.
The second tranche consisted of 6,764,420 shares at a price of $0.10 per share
for gross proceeds of up to $676,442. 


As previously announced, the proceeds from the sale of the shares will be used
for exploration on its Cadillac Break property group in Val d'Or, Quebec. Focus
will be on step-out drilling on its Akasaba gold-copper project on which it has
had considerable success enlarging through drilling during the past 18 months. 


The private placement announced in this news release is subject to certain
conditions, including receipt by Alexandria of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange. All securities
issued as part of the private placement will be subject to a hold period of four
months from the date of closing. 


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/AlexandriaMinerals                    
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
Andreas Curkovic
Investor Relations
(416) 577-9927


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

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