December 20th, 2007 - Alexis Minerals Corporation [TSX : AMC] is pleased to announce that a “Loan Guarantee” has been received from Investissement Québec to support a short term loan of $5.9 million through two Major Canadian Chartered Banks (AMCCB). Under Québec provincial tax regulations, 35% of all exploration expenditures in Québec are refunded upon presentation of audited financial statements on year end reporting. The loan is secured against anticipated 2008 Québec tax rebates of $7.9 Million in July 2008. The funds advanced to Alexis in 2007 will be repaid upon receipt of the rebate in 2008.

The Banks will advance funds against the “Loan Guarantee” at a merged interest rate of Prime plus 0.75%. The arrangement is similar to an agreement between Alexis and Investissement Quebec in 2006. The 2006 loan to Alexis, retired in August 2007, was the first such business agreement made in the mining industry in Québec.

The loan allows Alexis to benefit from the Québec Rebate System on a timely basis. The funds will be used in support of strategic business activities in 2008. Alexis will receive gross proceeds of $5.9 Million in the current year, with the balance of the rebate ($2 million) expected to be received in July 2008 and after closure of the “Loan Guarantee”.

“This is very important support by Investissement Québec and the AMCCB for Alexis and demonstrates the level of support that the Company garners in the Abitibi area of Quebec,” said David M. Rigg, President and CEO of Alexis Minerals. “Alexis Minerals is following an aggressive exploration strategy in the Abitibi Region, supported by a clear financial strategy of which this is part. The Investissement Québec facility provides strategic capital support for our 2007-2008 business plan which incorporates potential production and cash flow from two producing gold mines.”