AXD Alexander Mining

Alexander Mining plc ("Alexander" or the "Company") (TSX VENTURE:AXD)(AIM:AXM) 

Alexander's wholly owned subsidiary MetaLeach Limited ("MetaLeach") has received
notice from ArPetrol Ltd. ('ArPetrol'), formerly RPT Resources Ltd., that it has
concluded a transaction whereby it is now solely engaged in oil and gas
exploration and it has therefore terminated the commercial consultancy agreement
with MetaLeach.


Alexander has agreed with ArPetrol that all outstanding invoices will be settled
in return for a payment of US$50,000 and Alexander having the right to pursue
introduced mining project opportunities directly, one of which is with Firestone
Ventures Inc.

Alexander Mining (TSXV:AXD)
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