01/03/15

Building for the FutureMarch 1, 2015

01/03/15

Highlights: A Successfully Managed Company

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AZX to Buy Murgor (MGR) Resources: in a deal valued at$2.7 million, Alexandria will obtain a solid Cu-Au-Zn-Ag resource inManitoba together with strategic exploration properties in Ontarioand Quebec

Recent $500,000 financing at 100% premium to market

Discovered Quebec’s Next Gold Mine: Sold Its West Zone Au-Cu deposit to Agnico Eagle in 2014 for $5 million plus 2% NSR

Lowest Costs of Discovery: With 130,000 m of drilling since 2007,all-up cash costs of $15 per ounce of gold resource discovered,including 69 cents per oz of gold discovered at the West Zone

3 Near-surface gold deposits in a well-known and prolific miningdistrict, Val d’Or, Quebec, within 20 km of 5 undercapacity mills

Agnico Eagle owns 8% of AZX; IAMGOLD and Teck each own 3%

01/03/15

Importance of the Murgor Transaction

A Buyer’s Market: ability to purchase Au-Cu-Zn-Ag resources at very low prices in preparation for next mining market upturn --AZX’s all-up costs of discovery, approx. $15/oz Au equivalent, lowest in the World

AZX’s costs of acquiring this asset, approx. $3.50/oz of Au equivalent

AZX Adds Advanced Projects in Mining Camps: both Val d’Or, Quebec, and Flin Flon/Snow Lake, Manitoba have rich mining traditions and well-established infrastructure

Project Synergies in other Mining Camps: Both AZX and MGR have projects in other camps such as Matachewan, Ontario and Chibougamau, Quebec

Succesful Management Enlarges Resources Under Its Control:Company with track record of discovery and growth increases resources

Shareholders obtain more exposure to metals at low cost

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CREATES OPTIONS!

01/03/15

The AZX-MGR Transaction: Asset Growth

The AZX-MGR transaction will double the number of mineral properties Alexandria holds in well- known, infrastructure-rich mining camps in eastern Canada.

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01/03/15

AZX-MGR Transaction: Resource Growth

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Grade Contained

Metal

Deposit Tonnes Au (g/t) Cu (%) Ag (g/t) Zn (%) Au (oz) Cu (lbs) Ag (oz) Zn (lbs)Measured Category

Orenada 4,148,739 1.44 192,101 Indicated CategoryAkasaba U.G. 609,274 5.93 116,158Akasaba O.P. 3,009,214 1.37 132,475Orenada 6,125,236 1.29 254,790Hudvam 854,076 3.82 1.22 13.84 1.78 105,000 23,008,000 380,000 33,541,000WIM 2,776,787 1.88 1.94 7.53 0.30 168,000 118,763,000 672,000 18,365,000Total Indicated 776,423 141,771,000 1,052,000 51,906,000Inferred categoryAkasaba U.G. 1,475,622 5.58 264,886Akasaba O.P. 219,882 1.93 13,653Orenada 7,399,643 1.27 302,469Sleepy 1,885,500 5.10 307,350Hudvam 502,901 3.25 0.79 6.96 1.33 53,000 8,759,000 113,000 14,746,000WIM 445,999 2.11 1.12 5.06 0.43 30,000 11,013,000 73,000 4,228,000Total Inferred 971,358 19,772,000 186,000 18,974,000

Resource Estimations: Orenada (Horvath, Geologica, 2009), Akasaba and Sleepy (Geopointcom, Geologica, 2013 and 2014, respectively), Hudvam and WIM (Golder and Associates, 2008)

01/03/15

A Brief History of AZX

March 2006: IPO

Summer 2006: Acquired Cadillac Break Properties, Val d’Or

2007-2009: Exploration Drilling Cadillac Break Properties

2007-2008: ABCP Crunch and Market Meltdown

Mid-2009: First Drill holes Akasaba

Sept 2009: First 43-101 Resource Estimate Orenada

Oct 2009: First 43-101 Resource Estimate Sleepy

Mar 2010: Agnico 10% Equity Position in Alexandria

2010-2011: Drilling at Akasaba

Mar 2012: First 43-101 Resource Estimate Akasaba

June 2012: Discovery Drill Holes Akasaba West Zone

Feb 2013: Resource Estimate Akasaba West Zone

Jan 2014: Sale of Akasaba West Zone to Agnico Eagle

Mar 2015: Murgor Acquisition

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01/03/15

Market Facts (as at February 7, 2015)

SYMBOL AZX – TSX-V, A9D Frankfurt

Shares outstanding: 183,108,297Options: 11,031,000Warrants: 5,000,000

Shares fully diluted 199,139,297Market Cap $ 9.5 million

52 week high/low $0.12/$0.04

Recent price $0.04-0.07

Current Assets $2,600,000

Management owns 13%

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01/03/15

Properties in Mining Districts: AZX’s Cadillac Break Property inVal d’Or, Quebec

Noranda

MalarticVal d’Or

La Ronde-Doyon-Bousquet District26 million ounces produced

AZX Discovery Zone

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More than 70 million ounces of gold and 12 billion lbs of Cuproduced from Noranada toVal d’Or

01/03/15

Alexandria’s Cadillac Break Properties: Favorable Geology Gives Significant Upside Potential

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Comparison of La Ronde-Doyon District with Cadillac Break Properties

01/03/15

3 Advanced Projects on a large underexplored property

Cadillac Break Property Package: 130,000+ m of drilling on a 35 km long property package, with considerable upside potential

Akasaba ResourcesOpen Pit Indicated: 3Mt @1.37 g/t Au 132,500 oz. AuOpen Pit Inferred: 219Kt @1.93 g/t Au 13,600 oz. AuUnderground Ind.: 609Kt @5.93 g/t Au 116,200 oz. AuUnderground Inf.: 1.5Mt @5.58 g/t Au 264,900 oz. Au

Sleepy ResourcesUnderground Inf.: 1.88Kt @5.01 g/t Au 307,350 oz. Au

Orenada ResourcesMeasured: 4.1Mt @1.44 g/t Au 192,101 oz. AuIndicated: 6.1Mt @1.29 g/t Au 254,800 oz. AuInferred: 7.4Mt @1.27 g/t Au 302,469 oz. Au

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Resource Estimations: Orenada (Horvath, Geologica, 2009), Akasaba and Sleepy (Geopointcom, Geologica, 2013 and 2014, respectively),

01/03/15

Alexandria’s Val d’Or Properties: The Advantages of an Infrastructure-Rich Area

5 Mills: Capacity 16,000 tpd

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SLEEPYInferred: 1,885,500t @ 5.0g/t Au

307,350 oz. Au

01/03/15

Akasaba and West Zone: Longitudinal Section showing Quebec’s Next Gold Mine

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01/03/15

Next Steps Cadillac Break Properties: Drilling Porphyry Gold-Copper-(Molybdenum) targets

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West Zone(Agnico)

X X

0 1km

Ducros-Oramaque-Orenada AnnamaqueAkasaba-Valdora

Orenada ResourcesMeasured: 4.1Mt @1.44 g/t Au 192,101 oz. AuIndicated: 6.1Mt @1.29 g/t Au 254,800 oz. AuInferred: 7.4Mt @1.27 g/t Au 302,469 oz. Au

Current Drilling

01/03/1514

Sleepy Project: Updated Resources on Longitudinal, possible JV partner?

Inferred Resources (Geotic, 2014)1.89 mT @ 5.1 g/t Au for 307,350 ounces of gold (uncapped)1.86 mT @ 4.7 g/t Au for 279,760 ounces of gold (capped)

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Properties in Mining Districts: Properties in Flin Flon – Snow Lake Belt • 27 past and present mines; 183 million tonnes of ore

• 3 operating mines, 2 concentrating facilities, and 1 zinc processing plant

01/03/15

WIM Project: Cu-Au-Zn-Ag resources adjacent to Hudbay withupside potential

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Isometric 3D view of WIMMineralization Looking SW

EM Anomalies

01/03/15

Hudvam Project: Cu-Au-Zn-Ag Resources With GrowthPotential

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EM Targets Along strike withHudvam Resources

Isometric view ofHudvam Zones

01/03/15

Our Team: Management

Eric Owens President/CEO, PGeo, PhD, Co-Founder 30 years exploration in western hemisphere with Newmont, BHP, Phelps Dodge, and

Echo Bay; successes with El Zapote Silver Deposit, El Salvador and American Girl Gold Mine, California

Mary Vorvis Vice President, Corporate Development and Investor Relations Over 15 years in natural resources and technology industries venture capital; strategic

relationships with financial institutions, fund managers, brokerages

Philippe Berthelot Vice President Exploration 28+ years experience in exploration, with focus in Quebec, responsible for discovery of

Langlois Mine and building Desjardin Discovery Deposit, Lac Pelletier Gold deposit, and Grevet

Mario A. Miranda CFO, CA 15+ years mining governance, with Kinross, Lakeshore Gold and White Pine

Resources as Director Financial Reporting, VP and CFO

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01/03/15

Eric Owens, Director, President/CEOWalter Henry, Chairman of the Board

President and CEO, Frontline Gold Corp25+ years experience in finance and mining including CIBC, BNP Paribas andPriceWaterhouse Coopers

John Thomas, Chair Comp CommitteeFormer VP Operations for Bolivar Gold Corporation and Infinito Gold30+ years mine planning

Robert Geis35 years experience in NY finance industry, including ManagingTrader of the Dean Witter InterCapital mutual fund companywhich had $28 billion in AUMConsultant to Presidential Gold and EconomicCommissions 1981

Michael Pesner, Chair Audit CommitteeChartered Accountant, 26 years KPMGFinancings, governance and M&A specialtiesOn Boards of Richmont Mines, David’s Tea,LeChateau, Liquid Nutrition Group Inc., andQuest Rare Metals

Our Team: Board of Directors

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01/03/15

Near-Term Catalysts

Murgor Acquisition: Increased Resources and upside potential

Further M&A work: Advanced projects in infrastructure-rich area have potential for JV partnerships

Updated Resource Estimates using recent higher metals prices

Background studies to better yield the possibility of further significant discoveries

Ongoing property wide compilation aims for new drill targets

New Drilling Program Underway

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AZX Val d’OrOffices

01/03/15

Value Proposition: Why invest?

Proven, responsible management with record of success focused on discovery and adding value

Significant growth: near term increase of resources

Assets with near-term production potential in infrastructure-rich, under-utilized, world-class mining districts

Realizing high-value milestones in near future

Blue-sky Potential in mining camps

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01/03/15

Alexandria Minerals Corp.1 Toronto St., Suite 201, P.O. Box 10Toronto, ON M5C2V6416.363.9372www.azx.ca

DISCLAIMER

Some of the statements contained in this presentation are “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties andother factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied bysuch forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as; ability to raise financingfor further exploration and development activities; risks relating to the estimates of reserves, deposits and production costs; extraction and development activities; the risk ofcommodity price fluctuations; political regulatory and environmental risks; and other risks and uncertainties in the reports and disclosure documents filed by Alexandria MineralsCorporation from time-to-time with Canadian securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise. Complete Company reports including management’s discussion and analysis, financial statementsand notes can be found on our Company’s website at www.azx.ca and on SEDAR at www.sedar.com.

Facebook:  https://www.facebook.com/AlexandriaMineralsTwitter: https://twitter.com/azxmineralscorpYouTube:  http://www.youtube.com/AlexandriaMineralsFlickr:  http://www.flickr.com/alexandriaminerals/

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