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Alexandria Minerals Corporation

Thursday, September 6th, 2007

Alexandria Minerals Corporation intersected 2.11 g/t gold over 17.05 meters, including 3.18 g/t gold over 6.60 meters at Orenada 4, continuing its success at depth on this zone (all widths core lengths). To-date, the Company has completed 9,132 meters of drilling since early June, and is drilling with 2 drill rigs on the Orenada 2 and Orenada 4 zones. Results remain pending for 15 holes.
Diamond Drill Hole OAX-07-6 intersected the Orenada 4 zone 80 meters above previously announced hole OAX-07-13, which hosted visible gold and assayed 3.24 g/t gold over 10.50 meters (Press Release August 15, 2007). These drill results indicate that strong gold mineralization occurs down plunge over significant widths at depth at Orenada 4, and supports the Company’s decision to continue testing further down-plunge. An updated longitudinal section showing recent drilling at Orenada can be viewed by visiting the Company’s website at www.azx.ca.
Exploratory drilling on the Airport (AAX-07-19) and Mid-Canada (AAX-07-20 and 21) properties, testing geophysical targets, have yielded weakly anomalous gold values. However, partial assay results have been received to date from Hole AAX-07-22, which tested a geophysical anomaly near the Centre Post Intrusion, on the Orenada property. These results returned 0.38 g/t gold over 11.70 meters (core length), hosted in sheared and altered syenite and diorite, near the southwestern margin of the intrusive.
Separately, the Company has begun a 5-line Titan 24 survey with Quantec Geoscience over the Orenada 4 and Orenada 2 areas. The Titan survey can measure rock resistivity and chargeability to a depth of 750 meters and magnetotelluric resistivity down to 1.5 kilometers. This survey will assist in defining deeper drill targets on the Orenada property.

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