In a series of NI 43-101 compliant reports on their Orenada properties
in Bourlamaque Township Val d'Or Quebec, gold reserves of 268,000
ounces of AU have been verified for AZX, with another 124,000 ounces
inferred; and then, at their Sleepy Gold Deposit in Louvicourt
Township near Val d'Or, 150,000 ounces of AU have been verified, all
located along the historically productive Cadillac Break geological
formation. Including the Sullivan Mine, this Cadillac Break region has
produced 100,000,000 ounces of gold over the past 50 years. Eric
Owens, Phd. and CEO, has calculated that with these results the
Discovery Cost of Gold for Alexandria Minerals is now $6 per ounce of
AU. Total verified NI 43-101 compliant results for the Gold Reserves
of AZX far exceed their current market capitalization of $5,900,000.
With Gold now trading between $1,080 and $1,100, and major Gold
purchasing programs underway by India and China, the valuation story
for Alexandria Minerals looks very compelling over the next three
years.