AZX Alexandria Minerals Corporation

Alexandria Minerals Corporation (TSX
VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) is pleased to report that a
recently-completed, 744 hectare, 78 line-km, high-power 3-D Induced Polarization
("IP") survey over its Akasaba and adjacent Valdora projects has identified 7
anomalous trends over the area, including along strike to the east of the
Akasaba Mine Trend.


The Ipower3D survey, conducted by Abitibi Geophysics ("Abitibi"), tested areas
to the north and east of the Akasaba resource. Among the 7 highlighted
anomalies, 5 have geophysical characteristics similar to the Akasaba main
deposit indicative of mineralization hosted in an altered shear or fault zone.
One untested anomaly of particular interest is located approximately 600m east
and along strike from the Akasaba main zone, suggesting a possible continuation
of the main Akasaba mine trend.


All identified anomalies are generally untested below 150m from surface. The
anomalies identified are continuous over 500m to 1,500m. Alexandria geologists
are working with Abitibi's geophysicists to plan follow-up drill-testing of
these newly identified targets.


From 2010 to 2013, Alexandria discovered and built a significant gold-copper
resource in the southwestern part of its Akasaba property, culminating with the
discovery of the West Zone in 2012, a National Instrument 43-101 compliant
Inferred Resource of 14 million tonnes with an average grade of 0. 7 g/t gold
and 0.4% Cu (see Press Release February 7, 2013). Alexandria recently sold the
West Zone to Agnico Eagle Mines for $5 million plus 2% NSR (Press Release
January 14, 2014).


The Akasaba-Valdora IP survey is part of a larger set of geophysical studies
intended to test for more Akasaba-like targets in the shadow of nearby granitic
intrusive rocks. This geological environment is similar to that found in the La
Ronde-Doyon-Bousquet district of western Quebec, an area that has seen some 26
million ounces of gold produced over the last 60 years. The IP surveys will
greatly assist Alexandria to identify numerous new drill targets in its efforts
to discover more Akasaba-like gold and base metal mineralization.


Assay results are pending for 9 holes from its winter drilling program at
Valdora and Akasaba.


In addition to the ongoing geophysical surveys, Alexandria is currently drilling
on its Sleepy project, located 15 km east of Akasaba, at the eastern end of
Alexandria's 35 km long Cadillac Break group of properties. The company is
attempting to expand the resource at Sleepy through a 4,000 m step-out drill
program. Since the Company announced its first NI 43-101 compliant Inferred
Resource on the property in 2009 (1.5 million tonnes grading 3.0 g/t Au, for
152,000 ounce of gold), new, higher grade gold mineralization has been
discovered below the resource, including: 6.82 g/t Au over 16.96 m True Width in
hole SAX-11-009, 11.28 g/t Au over 3.29 m True Width in hole SAX-11-005, and
6.65g/t Au over 4.65m True Width and 5.73g/t Au over 2.67m True Width in
SAX-13-025. As a consequence of these very promising results, the Company is
optimistic about the expansion of the resource this year.


Eric Owens, President and CEO of Alexandria, stated, "The IP surveys conducted
over the Akasaba and Valdora projects are indeed assisting us to gain a greater
appreciation of the underlying geology of this area. Our analysis to date
suggests that the underlying geology is similar to that found under the
Bousquet-Doyon-LaRonde District where some 26 million ounces of gold have been
mined. We continue to believe there is a significant amount of gold waiting to
be discovered, and we remain committed to our exploration programs that are
helping to plan for the future discovery of more gold in this district."


In other matters, Charles Page has resigned from the Company's Board of
Directors in order to pursue other opportunities. Alexandria's management and
Board wish to extend sincerest thanks for his time and effort in helping make
Alexandria one of the most competitive and viable junior exploration companies
in the industry, and wish him well in his future endeavors.


The Company has also issued 4,430,000 incentive stock options, at a strike price
of 10 cents, expiring March 7 2019, to management, directors, employees, and
consultants of the Company, as part of its annual review of compensation. A
total of 3,421,000 options either expired or were cancelled during the fiscal
year.


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 three 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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