Alexandria Revises Previous Engagement With Pollitt & Co. Inc.

TORONTO, July 26 /CNW/ - Further to Alexandria Minerals Corporation's (the "Company") press release on Friday, July 23rd, 2010, the Company wishes to clarify that Pollitt & Co. Inc. will be engaging in market stabilization activities with respect to the Company's financing announced on July 5, 2010 and will not be engaged in "market-making activities" as announced last week.

    
    About Pollitt & Co. Inc.
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Pollitt is an employee-owned brokerage firm that serves both institutional and private clients. The firm was founded in 1984 upon the same focus on equities that are in place today. Pollitt is a member of the Investment Industry Regulatory Organization of Canada (IIROC), Investment Industry Association of Canada (IIAC) and trades under broker number 92. Pollitt is a participating member of the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), and the Canadian Investor Protection Fund (CIPF).

    
    About Alexandria Minerals Corporation
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Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with one of the largest property packages along the prolific, gold-producing Cadillac Break in Val d'Or, Quebec. The Company is currently focused on advancing two of its gold projects, Akasaba, where it has two drill rigs operating, and Orenada, with a National Instrument 43-101-compliant gold deposit. Agnico-Eagle Mines Ltd., with three gold mines along the same geologic trend, owns 9.9% of the Company.

WARNING: 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Andreas Curkovic, Investor Relations, [phone]; Eric Owens, Alexandria Minerals Corporation, 416-363-9372, www.azx.ca, [email protected]