Alexandria Announces $1,000,000 Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 20, 2008) - THIS PRESS RELEASE IS Alexandria Minerals Corporation (TSX VENTURE: AZX.V)(FRANKFURT:A9D) announces a Non Brokered Private Placement (NBPP) for up to 6,666,667 flow through (FT) units at a price of $0.15 per unit, resulting in gross proceeds of $1,000,000.

The proceeds from the private placement will be used to fund exploration activities, primarily diamond drilling on gold exploration targets on its Cadillac Break properties in Val d'Or, where the Company holds 100% interest in 18 properties extending for 30 km along the Cadillac Break. Alexandria has delineated a prioritized list of drill targets in a variety of geologic environments on the properties through a thorough review of historic and current exploration data.

Each FT unit will be comprised of one FT common share of the Company and one-half (1/2) of one warrant, with each whole warrant entitling the holder to acquire one additional non-flow through (NFT) common share of the Company at a price of $0.25 for a period of two years from closing.

The closing of the private placement is expected to occur on or about June 30, 2008, and is subject to the receipt of all the required regulatory approvals, including the approval of the TSX Venture Exchange. All the securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing. A finders fee of up to 8% of the gross proceeds raised may be paid by the Corporation in connection with this offering, in either cash or securities.

Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, currently focused on the exploration for precious metals on mineral properties located in Northern Ontario and Quebec. The Company's management has extensive global experience with small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits. The Company is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

WARNING: The Company relies upon litigation protection for "forward-looking" statements. 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.

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contacts

Dale Paruk
Coal Harbor Communications
(604) 662-4505 or Toll Free: 1-877-642-6200
Email: info@coal-harbor.com

Eric Owens
Alexandria Minerals Corporation
(416) 363-9372
Email: info@azx.ca
Website: www.azx.ca