Alexandria Reports High-Grade Gold Assays from Final 8 Holes of Winter-Spring Drill Programme -- Expectations Fully Met - Seite 2

With three drills operating in the current 30,000 metre summer drill program, Alexandria expects to deliver a new, updated resource by the end of 2017. To advance this goal, in the near term Alexandria will remain focused on two zones:

1. The stacked near-surface high-grade gold veins in Zone 4, defined by the 2 km trend with a depth of 250m and width of 30m; and
2. Zone 2, located some 800 metres east of the Zone 4 pit.

Additionally, the deposit remains open beyond these two targets, both along strike and to depth, and there remains considerable unexplored shallow targets for 8-10 km east and west along strike. These will be the subject of future exploration programs. Off-strike targets to the north and south are also to be tested in the near future.

Full drill results and figures pertaining to this news release are available on the Company's website at http://bit.ly/2vqD6u3.

Analytical Procedures and QA/QC:

Program design, management, and Quality Control/Quality Assurance are conducted by Alexandria's exploration group under the supervision of Phillippe Berthelot, P.Geo, who is the Company's Qualified Person. Mr. Berthelot has reviewed the results in this press release.

Samples of NQ core are crushed to 75µm, with 250g split and crushed to 90% passing 100µm, and analyzed for gold using a 50g Fire Assay charge with Atomic Absorption (AAS) finish at the Agat, ALS or Actlabs Laboratory. Sample assaying >10.0 g/t gold are re-analyzed via Gravimetric Finish.

Visible gold is not uncommon in the core at Zone 4, the presence of which may cause a "nugget effect". In an effort to minimize this effect, selected samples are analyzed via a metallic sieve procedure: a I kg sample is separated into a coarse fraction (+100µ), with a gravimetric finish, and a fine fraction (-100µm), with an AAS Finish. The assay result consists of a weighted average of the coarse sample and two 50g subsamples of the fine fraction.

Industry certified standards are added to the sample runs roughly every twenty samples, and blanks and duplicates are added between 2 standards, to ensure accuracy and precision. Third party assays are submitted to other designated laboratories for 5% of all samples.

Further information about the Company is available on the Company's website, www.azx.ca, or our social media sites listed below:

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