Alexandria Minerals Corp.

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1 The Stateside Report A Unique Report Service for the Intelligent Resource Investor Vince Stateside Marciano MBA, CPA Wmail: statesidereport@gmail.com Website: Alexandria Minerals Corp. September 18, 2017 Is Alexandria Minerals the Next Gold Take-Out Candidate in Quebec? AZX-CAD, ALXDF-US, A9D-Germany Share price - $.06 CAD Market cap: $29 million, no debt Cash in the treasury over $5.0 million Integra sale provides comparable metrics Sprott recent and now largest shareholder Over 2 million total gold oz and growing Current 30,000 meter drill program New resource estimate by January 2018

2 Summary Gold is back! After several years of declines and under-performance versus general equities, gold has once again begun to shine as demand for safe assets emerge. Unlike past times, the US dollar is not the asset class investors are moving to in these unsure times as the chart on the right shows. The USD has dropped nearly 10% in 2017 and the downward move is accelerating whereas gold has recently ramped up to the $1,350 level gaining over 5% just in the past month. Investors are once again looking at those undervalued companies with strong technical management teams and an expanding resource base whose share price sits near multiyear lows. Alexandria Minerals is one of the few gold companies that has not yet seen their share price begin to move higher (chart on left) offering investors an intriguing entry point. In fact, investors can get in at the same share price as Sprott with their $5 million investment in late With over $5 million in the treasury and a current 30,000 meter drill program on-going targeting the exciting new high grade, near surface Orenada Zone 4 discovery, Alexandria will be releasing news several times a month through the end of the year. A new interpretation of the mineralized structure at Zone 4 in 2016 led Eric Owens (President) to redesign the drill trajectory and led to the discovery of numerous high grade gold multiple veins near surface over approximately 1.1 km of the Cadillac break in Val d'or Quebec. Upon completion of the current drill program, results will be incorporated into a new resource by January 2018 that is expected to double the current 560,000 oz gold resource at Zone 4 and provide an additional catalyst for the share price. In mid-2016, Alexandria's neighbor Integra Gold in Val d'or was taken out by Eldorado Gold for $590 million at a 52% premium to the then current share price of Integra. Integra's resource at the time of the take-out was 2.8 million gold oz at over 7 g/t gold or a take-out price of over $200 per oz in the ground. As Alexandria continues to build high grade gold ounces at Zone 4 the Integra take out metrics offers a guide to a potential take out of Alexandria. Alexandria is currently trading for less than $15 per gold oz in the ground.

3 Why Alexandria? The ultimate end game for Alexandria's new Orenada Zone 4, near-surface stacked high grade vein gold discovery is an eventual take-out by a major producer. Major's look for additional exploration potential when evaluating a potential purchase and Alexandria has 35 km of the most highly prospective ground (map below) along the multi-million gold oz Cadillac Break in Quebec - a regional fault zone that has produced over 100 million ounces of gold since the early 1900 s.

4 The New Orenada Zone 4 Discovery In August 2016, Alexandria issued a press release highlighting the potential of Zone 4 at the Orenada target. A passage: Orenada is located along the Cadillac Break shear zone, some 2.5 kilometers southeast of the Company s current Triangle Too drill program which is targeting Triangle Zone-type gold mineralization. The Orenada program will test for south-dipping high grade gold veins within the host shear zone, part of a broader group of high grade targets that occur between Triangle Too and Orenada. Eric Owens, President and CEO of Alexandria, stated, Our first drill test of the high grade veins at Orenada in 2015 was a great success. We believe these high grade veins will have an important impact on the grade and exploration potential of the Orenada gold deposit. Two drill holes (OAX and OAX-15-55) were completed in 2015 as a first test of the high grade veins at Orenada Zone 4, intersecting 3.4 meters grading grams/tonne gold, 1.6 meters grading 15.2 grams/tonne gold, and 1.7 meters grading 10.5 grams/tonne gold, amongst others (See Press Releases April 30, 2015 and May 7, 2015). These veins are hosted within a broad lower grade envelope, reflected by the intersection of meters grading 1.24 grams/tonne gold in hole 54 and meters grading 0.93 grams/tonne gold in hole 55. Those drill results provided the basis of a detailed re-interpretation of the geology at Orenada using all available data to that point, including underground mine maps as well as 296 drill holes completed by Alexandria and predecessor companies. The new geological model was built by correlating the high grade veins from the recent drill holes with earlier holes along the same cross sections and then extending this interpretation beyond those two sections over the 300 meter long Zone 4 deposit. This announcement and subsequent press releases over the next few months advancing the high grade near-surface stacked gold vein discovery resulted in Sprott Inc. taking down a $5 million private placement in November 2016 and then Eric Sprott personally taking down a $2 million private placement in April An example of these high grade, near-surface stacked gold veins is shown at the right for hole Notice the various high grade gold veins up to 15 meters in width and 20 g/t gold in grade. Hole OAX was drilled to a depth of 250 meters; assays confirmed mineralization at an average grade of 2.82 g/t gold over 217 meters.

5 Current 30,000 Meter Drill Program In June of this year Alexandria started a 30,000 meter drill program using 3 drill rigs. One of the goals of the summer/fall 2017 drill program is to drill east toward zone 2 and potentially tie the two zones together to form a 2 km long resource (shown at the right). Drilling will also focus on extending the zone westward and beneath the existing resource. On September 14th, Alexandria released assays for the first 13 holes that totaled over 3,200 meters (about 1/10th of the summer program). Hole was drilled below the current resource and intersected visible gold and assayed 27 meters of 4.35 g/t gold including 7 meters of 10 g/t gold with a second lower interval of 30 meters of 3.17 g/t gold including 3 meters of g/t gold. What a start to the program! Visible gold was also intersected in hole located 350 meters east of the open pit and included three strong mineralized intervals.; 32 meters of 2.17 g/t gold, 42 meters of 1.57 g/t gold and 26 meters of 2.47 g/t gold. Hole again helped extend the mineralization another 425 meters east of the open pit with two strong intervals including 28 meters of 1.66 g/t gold and 30 meters of 2.35 g/t gold. President Eric Owens commented on the results by stating... The results from these drill holes reinforce our opinion of the growth potential of the gold deposit at Zone 4. These new drill holes have confirmed our interpretation regarding structural setting of the deposit, and add support to our thoughts on potential size. With our ongoing drill program, we anticipate further strong drill results in the coming weeks, and are on track to complete a new resource estimate later this year... A map of hole 140 is shown at the right. As of September 13th, Alexandria has drilled 21,000 of a scheduled 30,000 meters. Additional maps can be seen at:

6 Other Projects In addition to the Zone 4 and Zone 2 deposits of the Orenada project with a current resource of 560,000 gold oz (new resource estimate out in the 4th quarter), Alexandria also has projects in Snow Lake and Flin-Flon in Manitoba and Red Lake, Ontario totaling over 1.8 million gold equivalent oz. The Orenada project will be the company's main focus for the foreseeable future. Cash in the Treasury Alexandria is well funded to carry out the 30,000 meter drill program and new resource estimate by year end thanks in large part to the $5 million investment from Sprott Inc. late in 2016 and the $2 million personal investment from Eric Sprott earlier this year. Funds in the treasury exceed $5 million with no debt. Share Price Alexandria's share price is 33% lower than it was earlier this year even as the gold price has risen steadily providing an excellent opportunity for value investors. Investors can expect a steady flow of news releases throughout the remainder of Management Management is extremely well respected in the Canadian exploration sector evidenced by the recent Sprott investments. Agnico Eagle, Iamgold and Teck also hold significant positions in Alexandria. A summary of management is included below: Eric Owens President and CEO, Director Dr. Owens co-founded Alexandria Minerals and helped guide the company to its present status as one of the principal explorers in Val d Or, Quebec. With 27 years of experience in the mineral exploration industry in North America, Mexico and Central America, he previously held positions with Newmont Mining, BHP Minerals, Phelps Dodge, and Echo Bay. His accomplishments include the discovery holes at the El Zapote silver deposit in El Salvador, definition drilling of the American Girl and Madre-Padre gold mines in California, and at the Brookbank gold project in northern Ontario. Mary Vorvis Vice President, Corporate Development and Investor Relations Over 20 years in natural resources and technology industries venture capital; strategic relationships with financial institutions, fund managers, and brokerages.

7 Mario Miranda CFO Mr. Miranda is a Chartered Accountant with extensive experience in the resources industry and has held various senior financial positions including Chief Financial Officer at Alturas Minerals Corp., where he concurrently continues in this role; former Chief Financial Officer at Lake Shore Gold Corp and White Pine Resources Inc.; and Interim Director for Financial Reporting for Kinross Gold Corporation. He is a member of the Ontario Institute of Chartered Accountants(ICAO). Philippe Berthelot Vice President Exploration Mr. Berthelot is supervising the Alexandria Minerals Exploration. He graduated from University du Québec à Montréal, in 1984 with B. Sc. in geology and has been working in exploration geology on a full-time basis until 1986 with focus in Quebec. Mr. Berthelot participated in the discovery of Langlois Mine and building Desjardin Discovery Deposit, Lac Peletier Gold deposit, and Jolin Gold deposit. Peter Gundy Chairman of the Board Mr. Gundy began his career as a Mergers and Acquisitions lawyer in Montreal. He subsequently co-founded Potash Corporation of Saskatchewan (now PotashCorp), where he served as Executive Vice President, Finance and Chief Financial Officer. He went on to become Vice President, Corporate Finance, at Dominion Securities, before founding Neo Material Technologies Inc., a high-tech magnet manufacturing company in China and Southeast Asia, which was subsequently acquired by Molycorp for $1.3 billion. Mr. Gundy has also served on the boards of a number of junior and mid-tier mining-related companies. Disclaimer Vince Marciano has been retained by Alexandria Minerals to provide media-related services. Vince Marciano and the Stateside Report are not registered as a securities broker-dealer or investment adviser with the U.S. Securities and Exchange Commission or any state securities regulatory authority. Specifically, the Stateside Report relies upon an exemption from the registration requirements under the Investment Advisers Act of 1940, as amended (the "Advisers Act") provided for in Section 202(a)(11)(D). This exemption is available for the publisher of any "bona fide financial publication of general and regular circulation." Vince Marciano and the Stateside Report are not responsible for trades executed by subscribers to the service based on the information included in this report. The information contained herein do not represent individual investment advice or a recommendation to buy or sell securities or any financial instrument nor are they intended as an endorsement of any security or other investment. Furthermore, the Stateside Report does not constitute an offer or solicitation to buy or sell any securities or individualized investment advice. Any information contained in the Stateside Report represents Vince Marciano's opinions, and should not be construed as personalized investment advice. Vince Marciano and the Stateside Report cannot assess, verify or guarantee the suitability

8 of any particular investment to any particular situation and the reader and listener of the Stateside Report bears complete responsibility for its own investment research and should seek the advice of a qualified investment professional that provides individualized advice prior to making any investment decisions. All opinions expressed and information and data provided therein are subject to change without notice. Vince Marciano may have positions in, and may, from time-to-time make purchases or sales of the securities discussed or mentioned in the Stateside Report or on the Stateside Report podcast.. Vince Marciano does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Stateside Report web site or incorporated herein, and takes no responsibility therefore. The foregoing discussion contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forwardlooking statements subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, future events and the financial performance of the Company which are inherently uncertain and actual events and/or results may differ materially.