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Alexandria Secures 100% Interest in Valdora Gold Property, Val d’Or

Thursday, July 23rd, 2009

Alexandria Minerals Corporation report that it has acquired the remaining 49% interest in the Valdora property from Thundermin Resources Inc., bringing the Company’s total interest in the property to 100%.
The agreement with Thundermin allows Alexandria the right to purchase the remaining 49% interest not already held by Alexandria, under the same terms as that which Alexandria recently purchased from Teck Resources Ltd. (Press Release, July 2, 2009). Alexandria agrees to pay to Thundermin 75,000 units, each unit consisting of 1 Treasury share of Alexandria plus one share-purchase warrant, where each warrant is exercisable for 2 years at $0.15. The interest is subject to a 1% Net Smelter Return royalty, of which 1/2 may be purchased for $200,000.
Eric Owens, President of Alexandria Minerals said, “The completion of the Valdora property purchase enhances the development potential of our important Akasaba project next door because some of those targets may continue onto Valdora. Our strategy to building our property portfolio is to acquire properties that complement our already established projects.”
For further information visit: www.azx.ca

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