Alexandria Minerals Corporation Announces Increase in Private Placement to $1,026,000

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THE UNITED STATES


Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) is pleased to
announce that, subject to regulatory approval, it has increased the amount of
the non-brokered private placement previously announced on September 10, 2013,
from gross proceeds of $800,000 to gross proceeds of $1,026,442 consisting of an
aggregate of 10,264,420 shares at a price of 10 cents per share. 


The first tranche of the non-brokered private placement financing, as previously
announced in the Company's News Release dated September 11, 2013, was completed
on September 11, 2013, and consisted of 3,500,000 shares at a price of $0.10 per
share for gross proceeds of $350,000. The second tranche is anticipated to close
in October and, subject to regulatory approval, will be increased from 4,500,000
shares to 6,764,420 shares at a price of $0.10 per share for gross proceeds of
up to $676,442. Upon closing of the second tranche, the Private Placement will
result in the issuance of 10,264,420 shares at a price of 10 cents per share for
gross proceeds of $1,026,442.


As previously announced in the Company's News Releases, the proceeds from the
sale of the shares will be used for exploration on its Cadillac Break property
group in Val d'Or, Quebec. Focus will be on step-out drilling on its Akasaba
gold-copper project on which it has had considerable success enlarging through
drilling during the past 18 months. 


The private placement announced in this news release is subject to certain
conditions, including receipt by Alexandria of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange. All securities
issued as part of the private placement will be subject to a hold period of four
months from the date of closing. 


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


Facebook: https://www.facebook.com/AlexandriaMinerals 

Twitter: https://twitter.com/azxmineralscorp 

YouTube: http://www.youtube.com/AlexandriaMinerals 

Flickr: http://www.flickr.com/alexandriaminerals  

About Alexandria Minerals Corporation

Alexandria Minerals Corporation is a Toronto-based junior gold exploration and
development company with one of the largest portfolio of properties along the
prolific, gold-producing Cadillac Break in Val d'Or, Quebec. Global gold
resources are distributed between three projects on its Cadillac Break Property
package, Akasaba, Sleepy, and Orenada, the details of which can be found on the
Company's website at www.azx.ca. The Company is currently focused on advancing
its Akasaba project. Agnico-Eagle Mines Ltd., with two producing gold mines in
the region, owns roughly 10% of the Company.


WARNING: This News Release may contain forward-looking statements including but
not limited to comments regarding the timing and content of up-coming work
programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. Alexandria Minerals Corporation relies upon litigation protection
for forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alexandria Minerals Corporation
Andreas Curkovic
Investor Relations
(416) 577-9927


Alexandria Minerals Corporation
Eric Owens
President/CEO
416-363-9372
info@azx.ca
www.azx.ca

Alexandria Minerals (TSXV:AZX)
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