Alexandria Expands Gold Zone at Orenada 2 with 3.22 g/t Gold Over 3.90 m

Toronto, December 20, 2007 – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) intersected 3.22 g/t Au over 3.90 m, including 17.58 g/t Au over 0.3 m  at a vertical depth of 420 m in hole DDH OAX-07-24, representing one of the deepest intersections to date at Orenada 2 (all drill widths are core lengths).

DDH OAX-07-24 hit the target Cadillac Break 100 m below previously announced DDH OAX-07-19, which intersected 4.12 g/t Au over 4.60 m (Press release, October 31, 2007).  The current assay results, as with shallower holes at Orenada 2, reveal a wide zone of gold mineralization in the hole with several sample intervals between 450.80 m and 565.65 m hosting encouraging assays (see table of assays below), and demonstrates the gold system remains open at depth. A separate intersection yielded 2.43 g/t Au over 2.75 m.

In one of the easternmost holes at Orenada 2, DDH OAX-07-28 intersected 4.11 g/t over 2.75 m, part of a wider zone which returned 2.05 g/t Au over 6.10 m. Hole 28 was drilled 230 m east of DDH-07-19, hitting the Cadillac Break at 250 m vertical depth.

OAX-07-25 and 27, drilled 180 m and 60 m respectively, below OAX-07-28, intersected 1.24 g/t Au over 4.50m and 1.10 g/t Au over 4.40 m, respectively.

OAX-07-22 intersected 1.03 g/t Au over 15.90 m, including 1.90 g/t Au over 7 m. Separate higher grade intervals include 8.20 g/t Au over 0.75 m. The hole intersected the Cadillac Break 180 m above OAX-07-19.  Similar to OAX-07-24, encouraging results were received from a substantial number of samples between 84.70 m and 189.05 m (approximately 45%, or 47 m, of the 104 m core length).

OAX-07-21 hit the Cadillac Break 40 m below OAX-07-22, intersecting 1.01 g/t Au over 7.45 m.

In the only hole targeting Orenada 4, OAX-07-26 intersected the zone at a vertical depth of 660 m, and included two separate intervals of 3.84 g/t Au over 1.30 m and 3.27 g/t over 1.50 m.

To date, Alexandria has completed 39 holes at Orenada, and assays are still pending for 10 of these holes. Alexandria’s 2007 drilling campaign to determine the size and grade potential has expanded the known gold-bearing zones at both Orenada 4 and Orenada 2 substantially. Orenada Zone 4 has been enlarged from an initial 480 m length by 360 m depth, to 780 m long by 600 m deep, while at Orenada Zone 2, known mineralization has been now observed over a length of 420 m and to a depth of 420 m. Drill hole spacing has varied from 40 m to more than 250 m.

Looking toward 2008, the Company intends to continue its exploratory drilling on Orenada, as well as explore drill targets elsewhere on the Cadillac Break properties. At Orenada, Alexandria is nearing the final stages of its compilation of historic drill data which, together with recent assay information and geophysical surveys, including a deep level Titan Survey, will assist the Company in planning future drilling programs.

Elsewhere on the Cadillac Break properties, next round drill targets are ready for testing, including follow-up targets generated during the Company’s drill program early in 2007. Drilling is expected to commence at Sleepy early in 2008, where the Company expanded this gold zone with a drill intersection of 3.35 g/t Au over 10.80 m (see Press Release June 6, 2007). A minimum of 6 drill holes are planned.

In addition, grass roots holes drilled by Alexandria that returned encouraging results at Oramaque and Bloc Sud in early 2007 are also planned for follow-up testing.  As one example, at Oramaque, DDH AAX-07-09 intersected 1.97 g/t Au over 10.18 m along the Cadillac Break approximately 1 km east of Orenada 2, in an area with limited prior work (Press release, March 27, 2007). The Company has also been examining, and will continue to review, information from a recent property wide-data compilation, specifically geophysics, trench and drill hole data in order to further aid in its 2008 drill targeting efforts.

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

The results presented in this press release are exploratory in nature and have been reviewed by the company’s Qualified Person, Eddy Canova, 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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