April 2017
Discovering Resources Capitalizing on Company Strengths 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 www.azx.ca | 2
Increase in Asset Value through Discovery and Acquisition An Active Company through Difficult Times GROWTH IN GOLD RESOURCES WITH TIME 3,000,000 Resource Growth 2,500,000 Through Gold + Gold Equivalent (Ounces) Acquisition 2,000,000 Resource Growth through Drilling 1,500,000 1,000,000 500,000 - 2009 2010 2011 2012 2013 2014 2015 2016 Year West Zone Measure and Indicated Inferred Sale to AEM www.azx.ca | 3
Recent Highlights Making Discovery Happen through Exploration and Partnerships CASH AND CURRENT ASSETS $7 MILLION An AZX Discovery: • $5.1 million financing completed with Sprott Capital Markets in December 2016 Model of the ACTIVE EXPLORATION PROGRAM ON VAL D’OR PROPERTY West Zone Open Pit • 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 www.azx.ca | 4
Alexandria’s Properties Along the Cadillac Break in Québec: Discovery within a World-Class Mining District Québec’s Cadillac Break 70 million ounces mined since 1920’s 25 million new ounces discovered since 2003 0 40 km 0 25 mi www.azx.ca | 5
Cadillac Break Properties, Val d’Or 3 Advanced Gold Projects in an Infrastructure-Rich Area, Focus on the Western Property Package 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 5 Undercapacity Gold Mills Current Activities Triangle Too www.azx.ca | 6
Current Activities Growing the Orenada Zone 4 Deposit Along and Across Strike and at Depth Current drilling at Orenada is aimed at expanding on • 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 previous drill results, which verified the existence of 1.50 m, at 150 metres downhole; multiple stacked, high grade gold-quartz veins within the previously identified bulk tonnage resource, with • 21.32 g/t gold over 3.95 metres at Zone 4, including 42.50 g/t over 1.50 metres recent results such as This drill program will focus on Zone 4, and will • 8.40 g/t Au over 17.10 m, including 24.10 g/t Au over 4.00 m include sampling of portions of historic drill holes and 45.10 g/t Au over 1.00 m, at 140 metres downhole; portions of which were previously unsampled. ORENADA ZONE 4 AND ZONE 2 www.azx.ca | 7
Recent Results Cross Section at Orenada Zone 4 Identifying Low-Angle Veins within the Cadillac Break Shear Zone www.azx.ca | 8
Recent Results Cross Section at Orenada Zone 4 Identifying Low-Angle Veins within the Cadillac Break Shear Zone www.azx.ca | 9
Current Activities Growth Potential of Orenada Zone 4 Planned Holes and Recent Drilling Along Strike LONGITUDINAL SECTION AT ZONE 4 Untested Untested Area Area www.azx.ca | 10
Activities at Triangle Too An Early Stage Exploration Program To Follow-up on Recent Drill Results 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 New Targets Identified from Geology and Geophysics 0 500 m www.azx.ca | 11
Who We Are Management ERIC OWENS President & CEO, PGeo, PhD, PHILIPPE BERTHELOT Vice President Exploration Co-Founder Over 30 years experience in exploration, with focus in Over 30 years exploration in western hemisphere with Québec, responsible for discovery of Langlois Mine Newmont, BHP, Phelps Dodge, and Echo Bay; and building Desjardin Discovery Deposit, Lac Pelletier El Zapote Silver Deposit, El Salvador and American Gold deposit, and Grevet. Girl Gold Mine, California; Brookbank Gold Deposit, Ontario; Cadillac Break Properties, Val d’Or. MARIO A. MIRANDA CFO, CA Over 15 years mining governance, with Kinross, MARY VORVIS Vice President, Corporate Lakeshore Gold and White Pine Resources as Director Development and Investor Relations Financial Reporting, VP and CFO. Over 20 years in natural resources and technology industries venture capital; strategic relationships with financial institutions, fund managers, brokerages. www.azx.ca | 12
Who We Are Board of Directors ERIC OWENS Director, President & CEO GARY O’CONNOR Director VP Exploration, Dundee Resources Ltd PETER GUNDY Chairman of the Board More than 30 years global experience with Gabriel Resources, Freeport-McMoran, BP Minerals Extensive business and mining experience in finance, and Others governance and operations Instrumental in the discovery and growth of numerous Founder of PotashCorp, now a $20 billion company large gold and base metal deposits (Rosia Montana, Founder of Neo Material Technologies, sold for $1.3 Wabu, Etna Bay, Mamoa) billion PRIYA PATIL Director ROBERT GEIS Director 20 years experience as senior executive, investment 35 years experience in NY finance industry, including banker and corporate lawyer Managing Trader of the Dean Witter InterCapital Toronto Stock Exchange; PI Financial Corp; mutual fund company which had $28 billion in AUM Loewen, Ondaatje, McCutcheon Limited, GMP, Consultant to Presidential Gold and Economic Dundee Securities and Breakwater Resources Commissions 1981 WALTER HENRY Director President and CEO, Frontline Gold Corp 25+ years experience in finance and mining including CIBC, BNP Paribas and PricewaterhouseCoopers www.azx.ca | 13 Discovering Mines of the Future
Alexandria Peer Comparables Stock Market Cap Au Eq Resource Company Key Asset Project Location Stage Price ($ M) (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 Exploration / Monarques Gold C$0.38 $54.58 Val d’Or/Abitibi Québec 0.24 development Exploration / Probe Metals C$1.46 $135.10 Val-d’Or East Québec and Ontario 0.77 development * NI 43-101 compliant www.azx.ca | 14 Discovering Mines of the Future
Market Facts (as at March 1, 2017) SYMBOL TSXV: AZX | Frankfurt: A9D | US: ALXDF 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 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% www.azx.ca | 15 Discovering Mines of the Future
The Upside Potential of Favorable Geology: Comparison of our project area (bottom map) with a similar sized nearby mining district (top map) LA RONDE-DOYON DISTRICT VERSUS AZX’S PORPHYRY GOLD-COPPER DEPOSITS CADILLAC BREAK PROPERTIES Avg. 596 million tonnes @ 0.47 g/t Au 0.50% Cu La Ronde-Doyon District 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 W Cadillac Break Properties 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 www.azx.ca | 16
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