AZX Alexandria Minerals Corporation

Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) has signed a
formal Option Agreement with Aurizon Mines Ltd. ("Aurizon") which will grant
Aurizon the right to earn a 100% interest on 19 claims in Joannes Township,
Quebec, as initially announced on September 15, 2008.


According to the terms of the agreement, Aurizon will earn 100% interest in the
19 claims by 1) paying to Alexandria $200,000 cash and issuing Aurizon common
shares with a market value of $200,000 to Alexandria within 30 days of the
effective date of the formal agreement, 2) completing $650,000 exploration
expenditures on the property over two years, and 3) issuing Aurizon common
shares with a market value of $1.6 million to Alexandria by the 2nd year
anniversary of the effective date of the formal agreement.


The 19 Claims represents the southern half of Alexandria's Joannes Township
claims, which are located along the Cadillac Break about 20 km east of Noranda,
Quebec. The 70 km stretch of Cadillac Break between Noranda and Val d'Or,
Quebec, has historically produced some 60 million ounces of gold, and a number
of recent discoveries have brought several projects closer to production,
including Aurizon's Joanne project (2 million ounces of gold), Osisko
Exploration's Malartic deposit (8 million ounces of gold), and Agnico Eagle's
Lapa (1.5 million ounces) and Goldex Deposits (2.4 million ounces of gold).


Alexandria has $4.0 million in cash and short term assets, enough to keep the
company active for a minimum of two years under its current planned budget. The
Company is planning to complete approximately 10,000 meters of drilling over the
next 14 months, principally on Orenada, Sleepy, Matachewan and follow-up on
discoveries previously made on the Cadillac Break properties.


Alexandria Minerals Corp. is a Toronto-based mineral exploration and development
company, focused on the exploration for precious and base 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: 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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