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

March 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 $7.5 MILLION An AZX Discovery: • $5.1 million financing completed with Sprott Wealth 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 two rigs • Focus on Orenada Zone 4, Triangle Too • 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 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 • 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 www.azx.ca | 4

Alexandria’s Properties Along the Cadillac Break in Québec: Discovery within a World-Class Mining District An AZX Discovery: Model of the West Zone Open Pit 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 • Two drill rigs currently drilling a 12,500 metre winter program at Orenada Zone 4 and Triangle Too, expanding on previous results • Recently completed 4,200 metre drill program at Orenada Zone 2 and Zone 4: verification of stacked, high-grade veins; one drill rig following up • Recently completed first pass drill program at Triangle Too successfully identified Triangle Zone-like geology buried under glacial overburden; one drill rig now 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 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 21.32 g/t over 3.95 m, 14.72 g/t gold over 2 m; 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 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

Current Activities Growth Potential of Orenada Zone 4 Planned Holes and Recent Drilling Along Strike LONGITUDINAL SECTION AT ZONE 4 Untested Area Untested Area www.azx.ca | 9

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 | 10

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 | 11

Who We Are Board of Directors ERIC OWENS Director, President & CEO GARY O’CONNOR Director VP Exploration, Dundee Resources Ltd WALTER HENRY Chairman of the Board More than 30 years global experience with Gabriel Resources, Freeport-McMoran, BP Minerals President and CEO, Frontline Gold Corp and Others 25+ years experience in finance and mining including Instrumental in the discovery and growth of numerous CIBC, BNP Paribas and PriceWaterhouse Coopers large gold and base metal deposits (Rosia Montana, Wabu, Etna Bay, Mamoa) ROBERT GEIS Director 35 years experience in NY finance industry, including PRIYA PATIL Director Managing Trader of the Dean Witter InterCapital 20 years experience as senior executive, investment mutual fund company which had $28 billion in AUM banker and corporate lawyer Consultant to Presidential Gold and Economic Toronto Stock Exchange; PI Financial Corp; Commissions 1981 Loewen, Ondaatje, McCutcheon Limited, GMP, Dundee Securites and Breakwater Resources PETER GUNDY Director Extensive business and mining experience in finance, governance and operations Founder of PotashCorp, now a $20 billion company Founder of Neo Material Technocologies, sold for $1.3 billion www.azx.ca | 12 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 $0.12/$0.025 Recent price $0.065-0.080 Cash and Current Assets $7,500,000 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 | 13 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 | 14

A Value Proposition COMPANY STRENGTHS Solid Experienced Management Team Quadrupled Gold Resources Strong partners, focused exploration During very difficult markets Location Lowest Costs of Discovery Highly prospective land packages in world All-up costs $18/ounce class mining districts Aggressive Exploration Program Proven Partners with Additional $17 M 41,500 metres of drilling budgeted of Exploration and Development to be spent this year on the optioned Alexandria Properties AZX Drill Hole OAX-16-056 ONGOING ACTIVITIES 12,500 m Wintertime Drilling Program 1,000 m Drill Program in Red Lake, ON at Orenada Zone 4 and Triangle Too to meet provincial requirements Application Listing in USA PDAC early March on OTC-QB Board Listing for USA DTC Advisory April Conference Scottsdale, AZ Mid-Canada Mine 70,500 t @ 7.4 g/t Au 0.21% Cu Historic Hole Sampling Program Numerous Planned Roadshows www.azx.ca | 15