April 2017 Discovering Resources Capitalizing on Company Strengths - - PowerPoint PPT Presentation

April 2017

LOCATION Portfolio of Assets in well-known and prolific Canadian mining districts

Val d’Or, Québec 70+ million ounces of gold produced Red Lake and Matachewan, Ontario 30+ million ounces of gold produced Flin-Flon and Snow Lake, Manitoba 180 million tonnes of copper produced

FOCUS Alexandria has completed more than 150,000 metres of drilling on its Val d’Or properties SUCCESSFUL EXPLORATION GROUP

• Discovery of Québec’s next gold mine
• Increased resources 4-fold in difficult markets
• Lowest Costs of discovery - All-up costs $18 per ounce of gold discovered;

West Zone cost just 69 cents/ounce discovered

SOLID MANAGEMENT Strong relationships with partners, strong shareholder base, committed to success

Discovering Resources Capitalizing on Company Strengths

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• 500,000

1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2009 2010 2011 2012 2013 2014 2015 2016

Gold + Gold Equivalent (Ounces)

Year

GROWTH IN GOLD RESOURCES WITH TIME

Measure and Indicated Inferred

Resource Growth through Drilling West Zone Sale to AEM Resource Growth Through Acquisition

Increase in Asset Value through Discovery and Acquisition

An Active Company through Difficult Times

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CASH AND CURRENT ASSETS $7 MILLION

• $5.1 million financing completed with Sprott Capital Markets in December 2016

ACTIVE EXPLORATION PROGRAM ON VAL D’OR PROPERTY

• 12,500 metre drill program underway
• Currently drilling with three rigs
• Focus on Orenada Zone 4
• New Targeting Geophysics, field geology and prospecting have added targets

RECENT DRILL RESULTS

• Intersection and verification of multiple, high-grade, stacked vein sets at Orenada
• Recent Assays
• 8.40 g/t gold over 17.10 m, including 24.10 g/t gold over 4.00 m and 45.10 g/t gold over

1.00 m, at 140 metres downhole;

• 4.07 g/t gold over 10.20 m, including 7.42 g/t gold over 1.10 m, 6.80 g/t gold over 0.90 m,

and 5.09 g/t gold over 1.50 m, at 150 metres downhole;

• 21.32 g/t gold over 3.95 metres at Zone 4, including 42.50 g/t over 1.50 metres
• Growth Potential Stacked, high-grade vein sets at Orenada Zone 4, have been

extended along strike

RECENT NON-CORE PROPERTY DEVELOPMENTS 2016

• Probe Metals We optioned the eastern 1/3 of our Cadillac Break Property

Group to the discoverers of the multimillion ounce Borden Gold deposit near Timmins, Ontario

An AZX Discovery: Model of the West Zone Open Pit

Recent Highlights Making Discovery Happen through

Exploration and Partnerships

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Alexandria’s Properties Along the Cadillac Break in Québec:

Discovery within a World-Class Mining District

25 mi 40 km

Québec’s Cadillac Break

70 million ounces mined since 1920’s 25 million new ounces discovered since 2003

5 Undercapacity Gold Mills

Triangle Too

Current Activities

Cadillac Break Properties, Val d’Or 3 Advanced Gold Projects

in an Infrastructure-Rich Area, Focus on the Western Property Package

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RECENT AND CURRENT ACTIVITIES

• Three drill rigs currently drilling a 12,500 metre winter program at Orenada Zone 4

expanding on previous results

• Recently completed 5,300 metres out of the 12,500 metre program at Orenada Zone 4:

verification of stacked, high-grade veins; three drill rigs following up

Current drilling at Orenada is aimed at expanding on previous drill results, which verified the existence of multiple stacked, high grade gold-quartz veins within the previously identified bulk tonnage resource, with recent results such as

• 8.40 g/t Au over 17.10 m, including 24.10 g/t Au over 4.00 m

and 45.10 g/t Au over 1.00 m, at 140 metres downhole;

ORENADA ZONE 4 AND ZONE 2

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Current Activities Growing the Orenada Zone 4 Deposit

Along and Across Strike and at Depth

• 4.07 g/t Au over 10.20 m, including 7.42 g/t Au over

1.10 m, 6.80 g/t Au over 0.90 m, and 5.09 g/t Au over 1.50 m, at 150 metres downhole;

• 21.32 g/t gold over 3.95 metres at Zone 4, including

42.50 g/t over 1.50 metres

This drill program will focus on Zone 4, and will include sampling of portions of historic drill holes portions of which were previously unsampled.

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Recent Results Cross Section at Orenada Zone 4

Identifying Low-Angle Veins within the Cadillac Break Shear Zone

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www.azx.ca |

Recent Results Cross Section at Orenada Zone 4

Identifying Low-Angle Veins within the Cadillac Break Shear Zone

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LONGITUDINAL SECTION AT ZONE 4

Untested Area www.azx.ca |

Current Activities Growth Potential of Orenada Zone 4

Planned Holes and Recent Drilling Along Strike

10 Untested Area

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Activities at Triangle Too An Early Stage Exploration Program

To Follow-up on Recent Drill Results

11 New Targets Identified from Geology and Geophysics 500 m

Next stage drill program will test deeper on newly discovered diorite plugs hosting gold-quartz veins, as well as drill tests of geophysical and geological targets elsewhere on the property.

New Diorite Plugs with Gold-Quartz-Tourmaline Veins Integra ALEXANDRIA

Who We Are Management

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ERIC OWENS President & CEO, PGeo, PhD,

Co-Founder Over 30 years exploration in western hemisphere with Newmont, BHP, Phelps Dodge, and Echo Bay; El Zapote Silver Deposit, El Salvador and American Girl Gold Mine, California; Brookbank Gold Deposit, Ontario; Cadillac Break Properties, Val d’Or.

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, brokerages.

PHILIPPE BERTHELOT Vice President Exploration

Over 30 years experience in exploration, with focus in Québec, responsible for discovery of Langlois Mine and building Desjardin Discovery Deposit, Lac Pelletier Gold deposit, and Grevet.

MARIO A. MIRANDA CFO, CA

Over 15 years mining governance, with Kinross, Lakeshore Gold and White Pine Resources as Director Financial Reporting, VP and CFO.

Discovering Mines of the Future

Who We Are Board of Directors

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ERIC OWENS Director, President & CEO PETER GUNDY Chairman of the Board

Extensive business and mining experience in finance, governance and operations Founder of PotashCorp, now a $20 billion company Founder of Neo Material Technologies, sold for $1.3 billion

ROBERT GEIS Director

35 years experience in NY finance industry, including Managing Trader of the Dean Witter InterCapital mutual fund company which had $28 billion in AUM Consultant to Presidential Gold and Economic Commissions 1981

WALTER HENRY Director

President and CEO, Frontline Gold Corp 25+ years experience in finance and mining including CIBC, BNP Paribas and PricewaterhouseCoopers

GARY O’CONNOR Director

VP Exploration, Dundee Resources Ltd More than 30 years global experience with Gabriel Resources, Freeport-McMoran, BP Minerals and Others Instrumental in the discovery and growth of numerous large gold and base metal deposits (Rosia Montana, Wabu, Etna Bay, Mamoa)

PRIYA PATIL Director

20 years experience as senior executive, investment banker and corporate lawyer Toronto Stock Exchange; PI Financial Corp; Loewen, Ondaatje, McCutcheon Limited, GMP, Dundee Securities and Breakwater Resources

Discovering Mines of the Future

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Alexandria Peer Comparables

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Company Stock Price Market Cap ($ M) Key Asset Project Location Stage Au Eq Resource (M oz)* Alexandria Resources C$0.07 $30.30 Val d’Or Québec Exploration 2.40 Beaufield Resources C$0.24 $43.93 Troilus-Tortigny Québec and Ontario Exploration 0.35 Cartier Resources C$0.19 $24.66 Abitibi Québec Exploration 2.20 Integra Gold C$0.93 $383.20 Val-d’Or Québec Exploration 1.47 Bonterra Resources C$0.40 $36.53 Arena Gold Québec Exploration 1.23 Marathon Gold Corp. C$1.06 $94.00 Valentine Lake Newfoundland Exploration 2.15 Monarques Gold C$0.38 $54.58 Val d’Or/Abitibi Québec Exploration / development 0.24 Probe Metals C$1.46 $135.10 Val-d’Or East Québec and Ontario Exploration / development 0.77

* NI 43-101 compliant

Discovering Mines of the Future

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Market Facts (as at March 1, 2017)

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SYMBOL TSXV: AZX | Frankfurt: A9D | US: ALXDF

Management/Insiders own 6%; Sprott, 8.5%; Agnico Eagle, 8%; Teck 2%; IAMGOLD, 2%; Gabelli, 2%; Gold 2000, US Global, AIS, Dundee; Other funds and Accredited Investors 30%

Shares outstanding 431,586,190 Options 10,800,000 Warrants 63,258,197 Shares fully diluted 505,644,387 Market Cap $30.3 million 52 week high/low $0.05/$0.012 Recent price $0.070-0.080 Cash and Current Assets $7,000,000

PORPHYRY GOLD-COPPER DEPOSITS LA RONDE-DOYON DISTRICT VERSUS AZX’S CADILLAC BREAK PROPERTIES

La Ronde-Doyon District W Cadillac Break Properties www.azx.ca |

The Upside Potential of Favorable Geology: Comparison of our project

area (bottom map) with a similar sized nearby mining district (top map)

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POSSIBLE EXAMPLES IN E. CANADA

• Avg. 596 million tonnes @ 0.47 g/t Au

0.50% Cu Average 7.4 million ounces of gold 691 billion pounds of copper World’s Largest Escondida, 11 trillion tonnes, 89 million oz Au, 6.9 billion lbs Cu Canadian Malartic (Gold only), Québec 14 million ounces of gold McIntyre Mine, Timmins, Ontario 29 million ounces of gold Young-Davidson, Matachewan, Ontario 5 million ounces of gold

Mid-Canada Mine 70,500 t @ 7.4 g/t Au 0.21% Cu AZX Drill Hole OAX-16-056 www.azx.ca |

A Value Proposition

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COMPANY STRENGTHS

Solid Experienced Management Team Strong partners, focused exploration Quadrupled Gold Resources During very difficult markets Location Highly prospective land packages in world class mining districts Lowest Costs of Discovery All-up costs $18/ounce Aggressive Exploration Program 41,500 metres of drilling budgeted this year Proven Partners with Additional $17 M

• f Exploration and Development to be spent
• n the optioned Alexandria Properties

ONGOING ACTIVITIES

12,500 m Wintertime Drilling Program at Orenada Zone 4 and Triangle Too Site visit by Sprott and Joe Foster Van Eck, New York, New York Successfully Listed in USA

• n OTCQB Board as ALXDF

Attending Zurich-Invest, Switzerland Listing for USA DTC Advisory Planned Roadshows both in Canada and USA Historic Hole Sampling Program

Grade Contained Metal Deposit Cutoff Tonnes Au (g/t) Cu (%) Ag (g/t) Zn (%) Gold (oz) Copper (lbs) Silver(oz) Zinc (lbs) Oz Gold Equivalent

MEASURED Orenada Near Surface 0.5 g/t Au 4,329,383 1.36 – – – 188,844 – – – 188,844 INDICATED Akasaba Underground 2.25 g/t Au 609,274 5.93 – – – 116,158 – – – Akasaba Near Surface 0.5 g/t Au 3,009,214 1.37 – – – 132,475 – – – Orenada Near Surface 0.5 g/t Au 6,027,277 1.01 – – – 196,097 – – – Hudvam 1.35% CuEq 930,397 3.82 1.22 13.84 1.78 105,000 24,053,000 396,000 35,100,000 WIM 1.3% CuEq 3,898,000 1.57 1.71 6.68 0.27 197,000 147,156,000 837,000 22,730,000 Total Indicated – – – – – – 746,730 171,209,000 1,233,000 57,830,000 – Ounces Gold Equivalent – – – – – – 746,730 428,023 15,413 48,192 1,238,357 INFERRED Akasaba Underground 2.25 g/t Au 1,475,622 5.58 – – – 264,886 – – – Akasaba Near Surface 0.5 g/t Au 219,882 1.93 – – – 13,653 – – – Orenada Near Surface 0.5 g/t Au 4,708,810 1.16 – – – 176,000 – – – Sleepy 2 g/t Au 1,885,500 5.10 – – – 307,350 – – – Hudvam 1.35% 612,021 3.25 0.79 6.96 1.33 53,000 10,449,000 129,000 16,961,000 WIM 1.3% CuEq 732,000 1.76 1.03 4.65 0.37 41,000 16,616,000 109,000 5,941,000 Total Inferred – – – – – – 855,889 27,065,000 238,000 22,902,000 – Ounces Gold equivalent – – – – – – 855,889 67,663 2,975 19,085 945,612 Resource Estimations: Orenada (Horvath, Geologica, 2009), Akasaba and Sleepy (Geopointcom, Geologica, 2013 and 2014, respectively), WIM and Hudvam (Golder and Associates, 2015)

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Resources Table

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1 Toronto Street Suite 201, P.O. Box 10 Toronto, ON M5C 2V6 416.363.9372 www.azx.ca

DISCLAIMER

Some of the statements contained i n this presentation are “forward-looking statements”. Such forward-looking statem ents i nvolve known and unknown risks, uncertainties and

• ther factors that may cause our actual results, performance or achi evements to differ materially from the anticipated results, performance or achievements expressed or implied by

such forward-looki ng statements. Factors that coul d cause actual results to differ materially from anticipated results include risks and uncertainties such as; ability to raise financing for further expl oration and developm ent activities; risks relating to the estimates of reserves, deposits and producti on costs; extraction and development activities; the risk of commodity price fluctuations; political regulatory and environmental risks; and other risks and uncertainties i n the reports and disclosure documents filed by Alexandria Minerals Corporati on from time-to-time with Canadian securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Complete Company reports i ncludi ng management’s discussion and analysis, fi nancial statements and notes can be found on our Company’s website at www.azx.ca and on SEDAR at www.sedar.com.

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