Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) reports that it
has intersected 3.55 g/t Au over 7.95 m in Diamond Drill Hole IAX-08-30,
including 8.65 g/t Au over 1.25m, on its Sleepy gold zone in Val d'Or, Quebec
(drill widths are core lengths).


The Sleepy Zone is located within the Company's Cadillac Break properties in the
Val d'Or, Quebec, gold camp, 25 km east of the historic Orenada gold deposit,
where Alexandria has been drilling over the past 18 months. Cambior Inc.
discovered the Sleepy Zone in 1988 by drilling a combined glacial till and
geophysical anomaly; that drilling campaign yielded intersections up to 7.66 g/t
Au over 15.41 m (true width), and defined a near-surface gold zone 300 m long by
200 m depth. Alexandria's DDH IAX-08-30 intersected the target zone on the west
edge of the zone at 300 m vertical depth, extending the zone at depth by 100 m.


DDH IAX-08-29, drilled 200 m vertically above DDH IAX-08-30, intersected1.30 g/t
Au over 8.95 m, including 5.97 g/t Au over 1.00 m. The new results indicate that
gold mineralization at Sleepy now extends at least 300 m vertically and opens a
new untested area for drilling. The Sleepy Zone remains open on all sides.


An updated longitudinal section can be viewed by visiting the Company's website,
or clicking the following link: http://www.azx.ca/currentdrilling.asp.




Table of Assay Results
-----------------------------------------------------
                              Core    True        Au 
Drill Hole   From       To  Length   Width     Grade 
               (m)      (m)     (m)     (m)     (g/t)
-----------------------------------------------------
IAX-08-28   30.40    31.10    0.70    0.49      1.64
-----------------------------------------------------
      and  265.30   266.30    1.00    0.74      1.09
-----------------------------------------------------
      and  309.00   310.20    1.20    0.69      0.62
-----------------------------------------------------

-----------------------------------------------------
IAX-08-29  134.65   147.60   12.95   10.61      1.03
-----------------------------------------------------
     Incl  135.85   144.80    8.95    7.33      1.30
-----------------------------------------------------
     Incl  141.60   144.80    3.20    2.62      2.71
-----------------------------------------------------

-----------------------------------------------------
IAX-08-30   84.70    85.50    0.80    0.40      4.90
-----------------------------------------------------
      and  346.85   358.15   11.30    9.02      2.42
-----------------------------------------------------
     Incl  349.30   357.25    7.95    6.35      3.55
-----------------------------------------------------



Alexandria has completed 32 diamond drill holes since the beginning of 2008,
including 7 on the Sleepy property, 21 on the Orenada property and 4 on the
Matchewan, Ontario, property. Assay results are pending for 20 holes, including
3 at Matachewan, 4 at Sleepy, and 13 at Orenada. The Company is currently
operating 1 drill rig on the Sleepy Property.


The results presented in this press release are exploratory in nature and have
been reviewed by the company's Qualified Persons, Eddy Canova, PGeo, and Dr.
Eric Owens, PGeo. The drilling program employs a Quality Assurance/Quality
Control program consistent with NI 43-101 and industry best practices. Drill
core is NQ-sized, and is logged, sampled and split at the Company's Val d'Or
office, in intervals of 0.3 meters to a maximum of 1.5 meters. The samples are
recorded, bagged and sent to Bourlamaque Assay Lab in Val-d'Or for assay.
Samples are analyzed for Au, Ag, Cu and Zn, via a 30 gram pulp by FAA for Au and
AA for Ag, Cu and Zn. Re-assays by FA gravimetric finish are performed on
samples assaying greater than 1.0 g/t Au and re-assays greater than 5.0 g/t Au
are checked a second time by FA gravimetric finish.


Alexandria Minerals Corp. is a Toronto--based mineral exploration and
development company, currently focused on the exploration for precious metals on
mineral properties located in Northern Ontario and Quebec. The Company's
management has extensive global experience with small to large mining companies,
from grass-roots exploration to the exploitation of mineral deposits. The
Company is a reporting issuer in the provinces of British Columbia, Alberta and
Ontario.


WARNING: The Company relies upon litigation protection for "forward-looking"
statements. 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.
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