Keywords : Gold Mines |

Alexandria to Extend Share Purchase Warrants

Toronto, Ontario, July 22, 2011 �?" Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) announces that it intends to extend for a period of twelve months the term of 27,777,777 outstanding share purchase warrants, which are due to expire on August 5, 2011. The warrants were issued pursuant to a private placement completed in August, 2010. The $0.22 exercise price of the warrants will remain unchanged. The warrant extension is subject to the acceptance of the TSX Venture Exchange.

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest property packages along the prolific, gold-producing Cadillac Break in Val d�?TOr, Quebec. The Company is currently focused on advancing its Akasaba and Sleepy projects, and has two NI 43-101 compliant gold resources: Orenada, with a Measured and Indicated resource of 446,000 ounces of gold (10.2 Mt grading 1.35 g/t Au), and an Inferred resource of 302,000 ounces of gold (7.4Mt grading 1.27 g/t Au) and Sleepy, with an Inferred resource of 150,000 ounces of gold (1.5Mt grading 3.0 g/t Au). Agnico-Eagle Mines Ltd., who has 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 theTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.The resultspresented in this press release are exploratory in nature and have beenreviewed by the company�?Ts Qualified Persons, Jared Beebe, PGeo, and Dr.Eric Owens, PGeo. These results have not been verified by anIndependent Qualified Person (�?oQP�?�) and therefore should not be reliedupon except for their exploratory value. There is no Current Resourceunderlying the Akasaba property as defined by National Instrument43-101, and no guarantee that an economic gold deposit is present.Further work by Alexandria and an Independent QP will be required tobring the data into compliance with NI 43-10

For More Information Please Contact:

Mary Vorvis, Corporate Development

(416) 363-9372

Andreas Curkovic, Investor Relations
(416) 577-9927

www.azx.ca

Alexandria Minerals Corp

	EXPLORATION STAGE
	CODE : AZX.V
	ISIN : CA0151001009

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Alexandria Min. is a gold and copper exploration company based in Canada.

Alexandria Min. holds various exploration projects in Canada.

Its main exploration properties are SISCOE EAST, GWILLIM, ORAMAQUE, AKASABA, MATACHEWAN PROPERTY, QUEVILLON, ORENADA, SLEEPY ZONE, DUCROS, LOURMET and BLOC SUD WEST in Canada.

Alexandria Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 21.5 millions as of today (US$ 16.0 millions, € 14.3 millions).

Its stock quote reached its highest recent level on May 04, 2007 at CA$ 0.43, and its lowest recent point on April 18, 2019 at CA$ 0.02.

Alexandria Min. has 478 200 000 shares outstanding.

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Alexandria Minerals Corp

Extends Warrants

Alexandria Minerals Corp