VanEck Vectors Global Alternative Energy ETF INCREASE RESOURCE ESTIMATES AT LAC HERBIN IN SUPPORT OF MINIMUM 4-YEAR PRODUCTION MODEL by 24hgold

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ALEXIS INCREASE RESOURCE ESTIMATES AT LAC HERBIN

IN SUPPORT OF MINIMUM 4-YEAR PRODUCTION MODEL

January 30, 2008 – Alexis Minerals Corporation [TSX : AMC] is pleased to announce that it has completed a new internal evaluation of Resources on the Lac Herbin Gold Project in Val d’Or, Quebec. Highlights are:

o Measured and Indicated Resources of 894,552 metric tonnes grading 6.98 gAu/T or 200,611 ounces contained gold (oz.Au) using an upper cut-off factor of 34.29 gAu/T (1.0 ozAu/ton)

o An 80% increase in tonnage from previous estimates

o Additional Inferred Resource of 422,864 tonnes grading 5.85 gAu/T or 79,482 oz.Au

o Inferred Resources to Indicated Resources conversiopn remains at very close to 100%

o New Resources provide support for initial 4-year deposit model

o Using a 2.00 oz.Au/t upper cut-off determined in Bulk Sampling Measured and Indicated Resources increase to 894,552 tonnes grading 8.42 gAu/T or 242,234 oz. contained gold, with

o Additional Inferred Resource of 422,864 tonnes grading 6.62 gAu/T or 90,035 oz. contained gold.

o The higher cut-off represents upside potential for a 20% increase in contained ounces of gold in the 4-year Mine Model

Investor Relations Contact:

Bruce Barch

Quebec contact:

Louis Baribeau

About Alexis Minerals

Alexis Minerals Corporation is a Canadian exploration and development company listed on the Toronto Stock Exchange. Alexis holds an outstanding portfolio of properties covering the Val-d’Or and Rouyn-Noranda Mining Camps in Quebec. Alexis owns the 1400 tonne per day Aurbel gold mill and holds a 100%-interest in the Aurbel property. Alexis will vest into a 100% ownership of all remaining� interests of Aur Resources on approximately 212 square kilometres of the Val-d’Or Mining Camp in early 2008. Alexis also has the right to earn-in into a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda.� The Company has earned� a 50% interest in approximately 786 square kilometres of the Rouyn-Noranda Mining Camp and has entered into a joint venture with� Xstrata Copper. Alexis is following strategic exploration approaches across these properties for both gold and base metals, with a focus on the potential for gold production from the 100%-owned Lac Herbin and Lac Pelletier deposits during 2007 – 2008. One surface drill is currently active in Val-d’Or and one surface drill in Rouyn-Noranda.�� Read More

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
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