Alexandria Clarifies contract with Vantage Communication Ltd.

TORONTO, June 7, 2011 /CNW/ - Further to Alexandria Minerals Corporation's (the "Company") press release on Tuesday, July 7th, 2011, the Company wishes to clarify the contract of services with Vantage Communications Ltd. ("VantageWire") previously announced.

The Company has retained the services of Vantage Communications Ltd. ("VantageWire"), an Investor Relations service provider, to act as a marketing and investor relations consultant for the Company, with an industry leading website at www.VantageWire.com that provides investors free, real-time stock quotes on all Canadian and US markets.

VantageWire will provide marketing and investor relations consulting services for a period of 1 year. Compensation for these services will be an initial fee of $12,000 (CAD) and an additional $12,000 (CAD) in 6 months time, and subject to approval by the TSX Venture Exchange ("TSXV"). In addition the Company has approved 250,000 incentive stock options to VantageWire exercisable at a price of $0.30 (CAD) for a period of 1 year, subject to approval by the TSXV. These incentive stock options shall become vested over a period of not more than 12 months with 25% of these options vested every three months.

WARNING: 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.

SOURCE Alexandria Minerals Corp.

For further information:

Andreas Curkovic, Investor Relations
(416) 577-9927

Eric Owens, President/CEO
416-363-9372

www.azx.ca
info@azx.ca

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Alexandria Minerals Corp.

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