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23.05.2008
Alexandria Expands the Sleepy Zone, Intersects 3.55 g/t Au over 7.95 m

Alexandria Expands the Sleepy Zone, Intersects 3.55 g/t Au over 7.95 m

Toronto, May 22, 2008 – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) reports that it has intersected 3.55 g/t Au over 7.95 m in Diamond Drill Hole IAX-08-30, including 8.65 g/t Au over 1.25m, on its Sleepy gold zone in Val d’Or, Quebec (drill widths are core lengths).

The Sleepy Zone is located within the Company’s Cadillac Break properties in the Val d’Or, Quebec, gold camp, 25 km east of the historic Orenada gold deposit, where Alexandria has been drilling over the past 18 months. Cambior Inc. discovered the Sleepy Zone in 1988 by drilling a combined glacial till and geophysical anomaly; that drilling campaign yielded intersections up to 7.66 g/t Au over 15.41 m (true width), and defined a near-surface gold zone 300 m long by 200 m depth. Alexandria’s DDH IAX-08-30 intersected the target zone on the west edge of the zone at 300 m vertical depth, extending the zone at depth by 100 m.

DDH IAX-08-29, drilled 200 m vertically above DDH IAX-08-30, intersected1.30 g/t Au over 8.95 m, including 5.97 g/t Au over 1.00 m. The new results indicate that gold mineralization at Sleepy now extends at least 300 m vertically and opens a new untested area for drilling. The Sleepy Zone remains open on all sides.

An updated longitudinal section can be viewed by visiting the Company’s website, or clicking the following link: http://www.azx.ca/currentdrilling.asp.

To view the Table of Assay Results, please follow the link: http://www.irw-press.com/dokumente/TabelleAZX_220508.pdf

Alexandria has completed 32 diamond drill holes since the beginning of 2008, including 7 on the Sleepy property, 21 on the Orenada property and 4 on the Matchewan, Ontario, property. Assay results are pending for 20 holes, including 3 at Matachewan, 4 at Sleepy, and 13 at Orenada. The Company is currently operating 1 drill rig on the Sleepy Property.

The results presented in this press release are exploratory in nature and have been reviewed by the company’s Qualified Persons, Eddy Canova, PGeo, and Dr. Eric Owens, PGeo. The drilling program employs a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Drill core is NQ-sized, and is logged, sampled and split at the Company’s Val d’Or office, in intervals of 0.3 meters to a maximum of 1.5 meters. The samples are recorded, bagged and sent to Bourlamaque Assay Lab in Val-d’Or for assay. Samples are analyzed for Au, Ag, Cu and Zn, via a 30 gram pulp by FAA for Au and AA for Ag, Cu and Zn. Re-assays by FA gravimetric finish are performed on samples assaying greater than 1.0 g/t Au and re-assays greater than 5.0 g/t Au are checked a second time by FA gravimetric finish.

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.

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 does not accept responsibility for the adequacy or accuracy of this release.

Contact Information:

Coal Harbor Communications
Suite 701, 555 Jervis Street
Vancouver BC Canada V6E 4N1
dale@coal-harbor.com
Tel: 1+ (604) 662-4505
Fax: 1+ (604) 662-4547
Toll-free: 1+ (877) 642-6200

Alexandria Minerals Corporation
Dr. Eric Owens, President & CEO
Toronto, ON
info@azx.ca
Tel:1+ (416) 363.9372
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