NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

ALEXIS MINERALS CORPORATION (TSX:AMC)(OTCQX:AXSMF) ("Alexis" or the "Company")
announced today that it has filed its final short form prospectus for the
previously announced marketed Offering (the "Offering") of units of the Company
(the "Units") priced at $0.15 per Unit (see News Releases: July 14 and August 6,
2010) for aggregate gross proceeds to the Company of a minimum of $8.85 million
and a maximum $12.5 million. The Offering is scheduled to close on September 2,
2010. Closing is subject to certain conditions, including approval of the
Toronto Stock Exchange. The Offering is being led by Industrial Alliance
Securities Inc. and a syndicate including NCP Northland Capital Partners Inc.


Each Unit will be comprised of one common share of the Company (each, a "Common
Share") and one-half of one common share purchase warrant (each full common
share purchase warrant, a "Warrant"). Each Warrant entitles its holder to
purchase one additional Common Share at a price of $0.40 for a period of 36
months following the closing of the Offering, subject to acceleration in certain
circumstances. The Company has also granted to the agents an over-allotment
option exercisable for a period of 30 days from the date of closing of the
Offering, to purchase up to such number of additional Units as is equal to 15%
of the Units sold under the Offering, at the Offering price. A copy of the
prospectus is available on SEDAR at www.sedar.com.


Alexis intends to use the net proceeds from the Offering primarily to advance
its key capital programs for the next twelve months as it initiates the next
phase of its strategic plan focused on the reopening of the Snow Lake Gold Mine
in Manitoba. A portion of funds will be devoted towards preliminary work at Snow
Lake including the feasibility study, care and maintenance, and the initial
stages of refurbishing the ramp portal at the #3 Zone. The Company also intends
to use a portion of the net proceeds to settle accounts payables and for working
capital and general corporate purposes.


The Company also reports it has entered into an amended and restated credit
facility agreement (the "Credit Agreement") with RMB Australia Holdings Limited
("RMB") in respect of the $2,150,000 loan (the "Loan") previously advanced by
RMB to New Britannia Mine Ltd. ("New Britannia"). Alexis assumed the Loan
through the acquisition of Garson Gold Corp.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


About Alexis Minerals

Alexis Minerals Corporation is a Canadian mining company listed on the Toronto
Stock Exchange (symbol "AMC") and trades in the United States on the Over the
Counter QX International platform (OTCQX:AXSMF). The Company owns one producing
gold mine in Val-d'Or and the right to earn a 100% interest in the Lac Pelletier
gold property in Rouyn-Noranda, both in Quebec. Alexis also owns the Snow Lake
Mine in Manitoba. With these assets Alexis has the potential to develop gold
production forwards. Alexis is targeting mid-tier gold production levels in
2011-2012. Alexis undertakes exploration in the mineral rich Val-d'Or (100%
ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785
sq.km and in joint venture with Xstrata Copper) as well as in the Snow Lake
Mining Camp (100% ownership of 50 sq. km). For more information about Alexis
Minerals visit www.alexisminerals.com.


Forward looking information

This document may contain or refer to forward looking information within the
meaning of applicable securities laws, based on current expectations, including,
but not limited to, proposed use of proceeds, timing for closing of the
financing, ability to attract financing, renunciation of flow-through expenses,
regulatory approvals, ability to complete the Offer, and future exploration
expenses and plans. Forward looking statements are subject to significant risks
and uncertainties, including those risks identified in the annual information
form of the Company, which is available under the profile of the Company on
SEDAR, and other factors that could cause actual results to differ materially
from expected results. Estimates and assumptions underlying the future-looking
information are based upon negotiations between the Company and prospective
investors, extensive technical and scientific analysis conducted by the
management of the Company, and information obtained by the Company from third
parties. Readers should not place undue reliance on forward-looking information.
Forward looking information is provided as of the date hereof and we assume no
responsibility to update or revise them to reflect new events or circumstances.


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