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Discovering Mines of the Future

January 5, 2017

01/05/2017

Discovering Resources: Capitalizing on Company Strengths

• Location: Portfolio of Assets in well-known and prolific Canadian mining districts:

• Val d’Or, Quebec 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 meters of drilling on its Val d’Or properties

• Successful Exploration Group• Discovery of Quebec’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

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Increase in Asset Value through Discovery and Acquisition

Discovering Mines of the Future

-

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

Go

ld +

Go

ld E

qu

ival

en

t (O

un

ces)

Year

Growth in Gold Resources With Time

Measure and Indicated Inferred

01/05/2017

Recent Highlights: Making Discovery happen through exploration and partnerships

• Cash and Current Assets $7.5 million$5.1 million financing completed with Sprott Wealth in December 2016

• Active Exploration Program on Val d’Or Property• New Drilling begins second week of January 2017• Recently completed 7,500 m Fall drill program on its Val d’Or Property -- Airport

Triangle Too and nearby Orenada• New Targeting: recentlly completed geohysics - 99 kilometers of surface

geophysics (Induced Polarization) and multi-hole downhole survey • New targeting: Field geology and prospecting survey

• Recent Drill Results:• Intersection and verification of multiple, high-grade, stacked vein sets at Orenada• Recent Assays: 14.72 g/t gold over 2m; 9.48 g/t gold over 1.3 m; 8.01 g/t

over 0.9 m

• 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• Prosper Gold Corp: we optioned our Matachewan, Ontario, properties to the

discoverers of the multimillion ounce Blackwater gold deposit in British Columbia• Quinto Real Capital Corp: we optioned our Chibougamau area properties to this

experienced junior explorer

4Discovering Mines of the Future

An AZX

Discovery:

Model of the

West Zone

Open Pit

01/05/2017

Alexandria’s Properties along the Cadillac Break in Quebec: Discovery within

a World-Class Mining District

5

0 40km

0 25mi

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6

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

Infrastructure-Rich Area

5 Undercapacity Gold Mills

Triangle Too

Recent and Current Activities

• Recently completed 4,200 m drill program at Orenada Zone 2 and Zone 4 led to verification of stacked high grade veins; new

round of drilling beginning in January to expand on those results

• Recently completed first pass drill program at Triangle Too successfully identified Triangle Zone-like geology buried under glacial

overburden; follow-up winter drill program to test deeper on geological targets and test new targets

• Recently completed prospecting, geology, and geophysics -- new area of gold-copper mineralization discovered and new

geophysical anomalies have identified new drill targets

Current Activities

01/05/2017

Current Activities: Recent Drill Holes at Orenada

Z o n e 4

Z o n e 2

• 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 14.72 g/t gold over 2m; 9.48 g/t gold over 1.3 m and

8.01 g/t over 0.9 m.

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

01/05/2017

Current Activities: Cross Section at Orenada Zone 4 Identifying Low-Angle

Veins within the Cadillac Break Shear Zone

8

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Activities at Triangle Too: An early stage exploration program to follow-up on

recent drill results

9

0 500m

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

New Targets

Identified from

Geology and

Geophysics

01/05/2017

Recent Activities: 99 km of Induced Polarization Surveys, interpretation

underway

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Orenada

Zone 4Orenada

Zone 2

NEW SURVEYS

01/05/2017

Who We Are: Management

Eric Owens President/CEO, PGeo, PhD, Co-Founder 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 RelationsOver 15 years in natural resources and technology industries venture capital; strategic relationships with financial

institutions, fund managers, brokerages

Philippe Berthelot Vice President Exploration28+ 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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Discovering Mines of the Future

01/05/2017

Eric Owens, Director, President/CEO

Walter Henry, Chairman of the Board• President and CEO, Frontline Gold Corp• 25+ years experience in finance and mining including CIBC, BNP Paribas and

PriceWaterhouse Coopers

Robert Geis• 35 years experience in NY finance industry, including ManagingTrader of the Dean Witter InterCapital

mutual fund company which had $28 billion in AUM• Consultant to Presidential Gold and Economic Commissions 1981

Michael Pesner• Chartered Accountant, 26 years KPMG• Financings, governance and M&A specialties• On Boards of Richmont Mines, David’s Tea, LeChateau, Liquid Nutrition,Group Inc., and Quest

Rare Metals

Gary O’Connor

• 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

• 20 years experience as senior executive, investment banker and corporate

lawyer

• Toronto Stock Exchange; PI Finanncial Corp; Loewen, Ondaatje,

McCutcheon Limited, GMP, Dundee Securites and Breakwater

Resources

Who We Are: Board of Directors

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Market Facts (as at Jan. 5, 2017)

SYMBOL AZX (TSX-V), ALXDF (U.S.), A9D (Frankfurt)

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 $0.12/$0.025

Recent price $0.050-0.060

Cash and Current Assets $7,500,000

Management/Insiders own 7%

Agnico Eagle, 8%; Teck 2%; IAMGOLD, 2%; Sprott,

Gabelli,Gold 2000, US Global, AIS, Dundee;

Other funds and High Net Worth Investors 50%

13Discovering Mines of the Future

01/05/2017

The Upside Potential of Favorable Geology: Comparison of our project area

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

• Porphyry Gold-Copper Deposits

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

• Possible Examples in E. Canada

Canadian Malartic (Gold only): 14

million ounces of gold

McIntyre Mine, Timmins: 29 million

ounces of gold

Young-Davidson, Matachewan,

Ontario: 5 million ounces of gold

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La Ronde-Doyon District versus AZX’s Cadillac Break Properties

Discovering Mines of the Future

La Ronde-Doyon District

W Cadillac Break Properties

01/05/2017

A Value Proposition

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Mid-Canada Mine:

70,500 t @ 7.4 g/t Au

0.21% Cu

Upcoming Activities• 10,000 m Wintertime drilling program at Orenada and Triangle

Too

• Historic hole sampling program

• Geophsyical results

• Vancouver conferences end of January

• PDAC early March

AZX Drill Hole

OAX-16-056

Company Strengths• Location: Highly prospective land package in a world class gold

district

• Quadrupled gold resources four-fold during very difficult markets

• Lowest costs of discovery: all-up costs $18/ounce

• Active exploration program: budgeted expenditures of $5 million by

end of 2017

• Diligent management: strong partners, focused exploration

01/05/2017

Alexandria Minerals Corp.1 Toronto St., Suite 201, P.O. Box 10

Toronto, ON M5C2V6

416.363.9372

www.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 and

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

such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as; ability to raise financing

for further exploration and development activities; risks relating to the estimates of reserves, deposits and production costs; extraction and development activities; the risk of

commodity price fluctuations; political regulatory and environmental risks; and other risks and uncertainties in the reports and disclosure documents filed by Alexandria Minerals

Corporation 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 including management’s discussion and analysis, financial statements

and 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/AlexandriaMinerals

Twitter: https://twitter.com/azxmineralscorp

YouTube: http://www.youtube.com/AlexandriaMinerals

Flickr: http://www.flickr.com/alexandriaminerals/

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