In Quebec: AZX.V is focused on exploring, developing, and monetizing its Cadillac Break group of precious metal properties which contiguously stretch 35 km along the prolific Cadillac Trend. AZX.V currently has global resources in Quebec totaling 1,583,882 ounces gold (695,524 ounces Measured & Indicated and 888,358 ounces Inferred) on three 100% owned projects proximal to infrastructure-rich Val d'Or where 4 gold mills with excess capacity are within 15 km.

In Manitoba: AZX.V has two advanced-stage Cu-Au-Ag-Zn projects with ~800,000 of gold equivalent ounces. These two Manitoba projects were considered the flagship assets of Murgor (now 100% owned by Alexandria Minerals) and have serious intrinsic high-grade copper-gold resource value and blue-sky potential.

Alexandria Provides Summary of Recently Acquired Assets and Update of Activities

TORONTO, ONTARIO--(Marketwired - March 19, 2015) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) ("Alexandria") is pleased to provide a summary of its recently acquired assets from the Murgor acquisition and an update of its activities for the coming months.

Significant highlights of the recent acquisition of Murgor Resources, which was successfully completed on March 10, 2015, include:

• A substantial increase in Alexandria's mineral resources

• A low cost of resource acquisition, at $3.50 per ounce of gold and gold equivalent, where the value of other metals have been converted to an equivalent value of gold

• A coming, near term, increase in resources

• Strengthening Alexandria's presence in strategic mining districts such as Red Lake and Matachewan, Ontario, Flin-Flon and Snow Lake, Manitoba, and Chibougamau, Quebec

• Maintaining a Made-in-Canada approach, one of the world's safest and most reliable mining jurisdictions

The Manitoba Properties: Solid resources in a prolific mining camp

The WIM and Hudvam projects, located in northern Manitoba near the mining communities of Snow Lake and Flin-Flon, respectively, are Alexandria's newest projects with Current Resources. The Flin-Flon - Snow Lake district is a prolific mining district, having produced more than 183 million tonnes of copper-gold-silver-zinc sulfide ore from 27 past and present mines, including 3 active mines operated by Hudbay Minerals Inc.

The following table shows previously reported Current Resources at both the WIM and Hudvam projects:

Both projects have along-strike and down dip potential for new discovery and growth of the resources. In addition, both have untested geophysical anomalies on the broader properties. Alexandria geologists are reviewing the technical data on both projects, and activities being considered for summer include geologic mapping and prospecting, trenching, and geophysics, with a possible first round drill program as follow-up of this work.

In the coming months, Alexandria intends to provide resource updates, compliant with NI 43-101, for both the WIM and Hudvam projects, as the Current Resources for the two projects were calculated in 2008 when metals prices were considerably lower than today. Those results were based on a cut-off grade of 2% copper, which is a higher cut-off grade and therefore lower tonnage, than anticipated at current prices. The Company expects the studies to increase the resources on both projects and result in a lower cut-off grade, as well as providing a basis for planning follow-up work and targeting future drill holes.

New Ontario Properties: Exploration assets close to gold deposits

Four new exploration property assets in well-known mining districts were acquired by Alexandria as a result of the Murgor transaction: theGullrock property in the Red Lake district; the Golden Arrow property in the Timmins district; the Wydee property in the Matachewan district; and the Mishbishu property in the Wawa district.

The Gullrock property is adjacent to Goldcorp's Campbell-Red Lake mining property, which has produced more than 14 million ounces of gold, and is currently producing gold at a rate of about 500,000 ounces of gold per year. Gullrock is located east along the favorable gold-bearing structure, the Cochenour-Campbell-Red Lake gold trend, and has numerous soil geochemical and geophysical anomalies which have yet to be drill tested.

The Wydee property adds to Alexandria's existing presence in the Matachewan district. Wydee is located NW of the Young Davidson Gold Mine (5.2 million ounces of gold: Aurico Gold Inc.), and doubles the size of Alexandria's presence there, adding to Alexandria's Matachewanproperty, which is located adjacent to the Young Davidson Mine on the east. Together the two projects host important syenite-related gold targets, in proximity with the important Cadillac-Larder Lake Break, a very similar geologic environment to the ore host rock at the Young-Davidson mine.

The Mishibishu property is a gold exploration property in the Wawa area of northwestern Ontario, some 80 km southeast of Hemlo, Ontario. The property lies 6 km north of the Eagle River Mine (2.9 million tonnes grading 8.84 g/t gold) and 12 km south of the Mishi open pit gold mine (1.2 million tonnes grading 4.8 g/t gold), both of Wesdome Gold Mines Ltd. The project is underlain by significant shear zone corridors favorable to gold mineralization, with notable past assay results such as 5 g/t gold over 7.4 m in a drill hole, and numerous surface samples ranging in gold from 2.6 g/t to 11.4 g/t gold.

Alexandria picks up a 40% interest in the Golden Arrow property east of Timmins, Ontario. The Golden Arrow property hosts the past producing Golden Arrow Mine, which produced 303,449 tonnes grading 2.15 g/t gold from an open pit in 1981-1982. Gold is hosted along an altered shear zone in syenite, and drilling has identified a broader zone of gold mineralization below and along strike with the open pit.

Envisioned work on these properties during 2015 will consist variously of surface mapping and prospecting, geophysics and trenching. Alexandria's evaluation will be conducted in light of seeking possible partners for some of these projects.

New Quebec Properties: Gold projects within sight of headframes

Adding to Alexandria's already considerable presence in Quebec, the Fancamp and Embry properties are gold exploration properties located in the Chibougamau area, in the northeastern extremity of the Abitibi Belt, where Alexandria's Gwillim property is located.

The Fancamp project is centered on the Fancamp Deformation Zone, a 20 km long shear zone that hosts 15 gold deposits and occurrences along its length. The portion of the shear zone underlying the Fancamp property has yielded high grade gold assays in drill holes and trenches, including 4.5 g/t gold over 3.0 m, 9.3 g/t gold over 8.2 m, and 5.1 g/t gold over 3.4 m. The Embry property is an early stage exploration property covering a 15 km stretch of the Kapunapotagen Fault, a crustal scale shear zone with similarities to the prolific Cadillac-Larder Lake Break in the southern Abitibi Belt.

Current and Near-term Activities

The Company is currently underway with a winter time, 2,500 m drill program on its Cadillac Break properties in Val d'Or, Quebec, with a goal, weather permitting, of completing this program before spring thaw. Drill targets are focused on porphyry gold and copper targets in and around to the East Sullivan granitic stock, where historical exploration has identified numerous drill and surface gold and copper anomalies, and where the past producing East Sullivan copper-gold-silver-zinc and Mid-Canada gold-copper Mines have occurred.

As part of this overall program, Alexandria will be completing a Resource update on its Orenada project in the coming months. The prior resource estimate was completed in 2009 at lower gold prices; Alexandria expects a robust estimate to come out of this resource update.

Alexandria's team is also planning certain electromagnetic geophysical surveys on its Val d'Or projects, and has recently completed a statistical review of its regional data through the use of the CARDS program by Consulting of Montreal. Preliminary review of this data shows several higher priority drill targets on the property package which will be reviewed and prioritized....

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1) Cash position: Entering March-2015 AZX.V's has ~CDN$2.5 million in current assets (that includes cash and refunds coming from the Quebec government);

2) Nearly 2.5 million ounces of gold and gold equivalent on projects approaching marketability/monetization (see article for complete listing);

3) A significant 2% NSR set to kick in from the 'West Zone' gold asset sale to Agnico Eagle in 2014 which is being fast-tracked to mine production; AEM has applied for environmental permits and it is anticipated a 3,000 to 4,000TPD operation (feeding its nearby Goldex mill) will occur from the West Zone beginning in 2016 at which time AZX.V is entitled to the 2% NSR on material after 210K oz of gold has been mined. We estimate that at ~3 years in (as the NSR kicks in) Agnico Eagle will buyout 1% of the NSR for ~$7M and the remaining 1% NSR will provide AZX.V with ~$500,000/year.