Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) has intersected
multiple zones of gold mineralization at the historic Akasaba mine area in Val
d'Or, with a principal target interval of 2.77 g/t Au (uncut) over 18.90 m (9.45
m true width), including 57.23 g/t Au and 0.63% Cu over 0.50 m (0.25 m true
width).


Diamond drill hole IAX-09-54 intersected the target zone, Lens D, at a vertical
depth of approximately 330 m about 200 m east of previously announced drill hole
IAX-09-53, which intersected 4.22 g/t Au over 10.35 m (see Press Release April
30, 2009). Several other mineralized intervals were intersected above and below
the target zone, including 8.69 g/t Au over 0.60 m at 500 m depth, and 2.91 g/t
Au over 2.10 m at 100 m depth. The results support the historic data which
indicate multiple east-west trending, gold-bearing sulfide zones, and show that
there is considerable potential for increasing the size of this historic
deposit. For more information on the Akasaba property please click on the
following link: http://www.azx.ca/akasaba.asp




---------------------------------------------------------------------------
                                                                  Estimated
                                                          Core         True
Hole #         From (m)        To (m)     Au (g/t)   Length (m)    Width (m)
---------------------------------------------------------------------------
IAX-09-54        89.75         92.35         1.01         2.60         1.67
---------------------------------------------------------------------------
   Incl          89.75         90.85         2.34         1.10         0.71
---------------------------------------------------------------------------
                 98.85        100.95         2.91         2.10         1.35
---------------------------------------------------------------------------
                331.60        366.50         1.59        34.90        22.44
---------------------------------------------------------------------------
   Incl         346.20        365.10         2.77        18.90         9.45
---------------------------------------------------------------------------
   and          351.80        353.30         7.31         1.50         0.75
---------------------------------------------------------------------------
   and          361.45        361.95        57.20         0.50         0.25
---------------------------------------------------------------------------
                386.75        390.55         0.53         3.80         2.44
---------------------------------------------------------------------------
                409.30        412.60         1.04         3.30         1.65
---------------------------------------------------------------------------
                466.25        469.05         0.55         2.80         1.80
---------------------------------------------------------------------------
                492.85        500.05         1.17         7.20         4.63
---------------------------------------------------------------------------
   Incl         499.45        500.05         8.69         0.60         0.39
---------------------------------------------------------------------------
                532.75        535.10         0.41         2.35         1.80
---------------------------------------------------------------------------



Gold at Akasaba is hosted in four main, east-west trending, semi-massive sulfide
lenses. Lens A, the southernmost lens, was partially mined via underground
operations to a depth of 100 m in the early 1960's, and produced approximately
50,000 ounces of gold at an average grade of 5.2 g/t. Historical drilling within
the other 3 main lenses (B, C and D) reveals substantial grades and widths, such
as 18.12 g/t Au over 9.8 m, 56.57 g/t Au over 1.2 m and 39.62 g/t Au over 4.5 m.
All zones are open below 150 m depth, as well as along strike.


Alexandria is in the process of compiling the historic data from the Akasaba
surface and underground mine, and has embarked on a surface mapping and
prospecting programme, in order to plan future drilling activities. The Company
recently completed an encouraging Induced Polarization survey over the property
which will further aid in mapping and drill targeting. The Company's goal is to
verify and enlarge the historic resource and bring it to a National Instrument
43-101 compliant resource estimate over the next 6-12 months.


Hole locations and other data on the Cadillac Break Properties can be viewed on
an interactive map on the Company's website, or by pasting or clicking the
following link: http://www.gisready.com/alexandriaWEBdata/default.aspx.


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. Historic results are not compliant with National Instrument
43-101 and should not be relied upon, and there is no guarantee that an economic
gold deposit underlies the property. Further work by Alexandria and an
Independent Qualified Person will be required to bring the data into compliance.


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 ALS Chemex Labs in Val-d'Or for preparation and 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, 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: 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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