Overview

Alexis Minerals Corporation is a dynamic and aggressive mineral exploration and development company focused on mine discovery in Canada’s richest mining regions, Val d’Or and Rouyn-Noranda, Quebec.

Key Points: “Focused on Creating Wealth”

• Control of 1,005 square kilometres of high-quality exploration properties in two of Canada’s most prolific mining camps

• Explorer with discoveries
• Expert management – major mine discoverers
• 100% interest in two new gold mines
• 100% owned and permitted 1400 TPD Gold mill
• Gold production started in 2008
• Potential to expand to 80,000 to 90,000 oz. Au/yr in 2009
• Generating long term cash flows to support regional exploration
• Excellent potential for individual deposits and new deposit trends and mining camps

Chief Properties

Lac Herbin:

The properties under option to Alexis cover a total aggregated surface area of 9,706.87 hectares. The AURBEL – LAC HERBIN group of properties comprises 431 claims, 4 mining leases and one (1) surface lease, all located about 10 km northeast of the town of Val-d’Or, a historic and well known mining district in northwestern Quebec, Canada. The properties include two (2) past mining operations, the Dumont and Ferderber mines where approximately 610,000 ounces of gold were produced; a milling complex, the Belmoral Mill; and an advanced stage exploration project, the Lac Herbin deposit.

Accessibility, Climate, Local Resources, Infrastructure and Physiography

The properties are directly accessible via a six kilometer gravel road, branching off a Provincial highway to the south that is maintained all-year round. A number of trails and dirt roads cross the properties and provide adequate access to the various sites. A different Provincial highway borders the properties along the west and to the north edge while a gravel road linking the Perron-Beaufor mines to a Provincial highway provides access from the east. Val-d’Or is easily accessed by road, the 117 east and west, the 111 and 397 highways to the north, directly connecting the town to most local communities in the region. Val-d’Or is serviced by daily commercial flights to Montreal. Railway services are provided by the Canadian National Railway in the region.


The Val-d’Or mining district has been a prolific mining district since the opening of the Lamaque Mine in 1933. The region offers specialized services, a skilled labour force, mining equipment, supplies and contractors and adequate infrastructure for the mining industry. Electric energy is relatively inexpensive and is provided by Hydro-Quebec. There is ample local supply of water, both potable and for processing.
The area has a typical continental boreal climate, comparable to communities at the same latitude in mid Canada like Timmins, Sudbury and Thunder Bay. Snow stays on the ground around mid- November and the ice leaves the lakes about early-mid May. Winters can be very cold with temperature averaging –15°C in January and February. The ground is frost free from May to October. Summers are warm and relatively dry with a mean temperature of 22°C.
The topography is relatively flat locally, half covered by marsh and vegetated by scrub, jack pine, spruce, poplar and birch trees are present in the region. The properties are traversed by the Bourlamaque River and its tributaries and include a number of small shallow lakes, namely the Herbin, Fortmac and Colombiere Lakes. Rock outcrops are rare and overburden ranges from a few, to more than 50 meters at the western edge of the properties.

Lac Pelletier

Lac Pelletier property is located in Rouyn and Beauchastel townships, southwest of the town of Rouyn-Noranda, Province of Québec. The approximate geographic centre of the studied area is 5341500 N latitude and 644500 E longitude. The property consists of 35 contiguous mining titles covering a total surface area of 722.6 hectares, including two mining concessions and a special permit covering part of the former Stadacona mine. The property covers most of Lac Pelletier and has extension South and East of the lake. The historical ramp portal and the stripping are located on the south shore of the lake. Infrastructures on site comprise a ramp portal developed in 1990 but is partially closed with muck. An unreclaimed waste pad covers an area that is 50 metres by 180 metres, with a thickness of 2 to 4 metres. There is a gravel road north of the waste pad to access the drilling area. A 25 by 50 metres pond for underground water is also present and not reclaimed.
Thundermin Resources Inc. (“Thundermin”) is the registered holder of the claims and mining concessions that comprise the Lac Pelletier Property. Alexis holds an option to acquire a 100% undivided interest in the Lac Pelletier gold property, in consideration of a cash payment of $75,000 and the issue of 100,000 shares upon exercise. Alexis has satisfied its expenditure commitment of $1,000,000 prior to the September 1, 2007 deadline, and has an optional expenditure commitment of an additional $500,000 by September 1, 2008. The property is subject to a 2.5% net smelter royalty (NSR) payable to Thundermin, as well as a 1% NSR payable to Falconbridge Limited.

Accessibility, Climate, Local Resources, Infrastructure and Physiography

The Lac Pelletier project is located about 8 kilometres south-east of Rouyn-Noranda. The project area is accessible via a gravel road of three kilometres. The access to the property is also possible from the North via a Provincial Highway 391 and the Hull range. The nearest settlement is the village of Granada, located 6 kilometres to the South. All activities at Lac Pelletier are conducted with an appreciation to the proximity of the site to local residences.


The Lac Pelletier project is in the same region as the Lac Herbin project. Accordingly, please see the description above of the climate, local resources, infrastructure and physiography of the Lac Herbin project.

West Ansil

The West Ansil project is located approximately 15 kilometres to the northwest of Rouyn-Noranda, Quebec, Canada. The deposit is located at the southern limit of the West Ansil property with the adjacent Lac Duprat property to the south. The properties presently under agreement with Inmet Mining Corporation are owned 100% by Xstrata Copper and are part of a group of properties into which Alexis Minerals Corporation has vested a 50% interest.

Regional Exploration Approach

During recent years, a Gocad 3D geological model of the Central Camp was built and a number of targets have been generated by the Xstrata Copper exploration team using different queries within the Gocad platform. Two of the targets generated (P-29/P-30) were prioritized for follow-up to the southwest of the Ansil deposit. These targets were characterized by the presence of a significant alteration zone within the Rusty Ridge Formation in historical holes that had not reached the Lewis and the Corbet contacts. These contacts host respectively the Ansil and the Corbet deposits. Moreover, this alteration was located near the junction of two synvolcanic faults (EW2 and VC faults).

Discovery

The West Ansil discovery was made in March of 2005 while testing a Gocad (P-29/P-30) developed target area. The discovery hole, AN-05-03, was testing an off-hole anomaly previously detected in hole AN-05-02 which had intersected significant copper stringers and associated chloritisation, including 2.78% Cu over 5.80 metres and 1.20% Cu over 7.30 metres. The discovery hole, AN-05-03, intersected a massive sulphide zone followed by a stringer zone grading 1.28% Cu and 0.23% Zn over 26.15 metres. This discovery of the Lower Zone has been followed by the discoveries of two other lenses, namely the Middle and the Upper Zones. The West Ansil deposit is located within the Rusty Ridge Formation. The deposit lies at or near an andesite-basalt contact within the Rusty Ridge mafic rocks and is thus located stratigraphically above the Ansil deposit and below the Beecham Breccia, representing the first known massive sulphide discovery at this stratigraphic horizon.

Resources

The West Ansil resources have been divided into two categories (indicated and inferred). The rounded Indicated Resource of the West Ansil (Middle Zone) is estimated at 0.53 MT grading 3.4% Cu, 1.4 g/t Au, 9.2 g/t Ag and 0.4% Zn. The rounded Inferred Resource of the West Ansil deposit has been estimated at 0.60 MT grading 3.3% Cu, 0.3 g/t Au, 5.9 g/t Ag and 0.2 % Zn.

Deposit Potential

Exploration targets in and around the West Ansil VMS deposit have been tested during the last 2 years with no additional discovery. Work is advancing on 3D modeling of the deposit at depth to identify new potential in this higher grade area of the deposit. A “back of the envelope” review of potential economics of the deposit has been undertaken with reasonable general assumptions and for Cu-metal prices at 1.50, 2.50 and 3.50 US$/lb Cu.


Results are quite favourable at high Copper metal prices, but fall away with lower prices and with generally accepted long-range metal price estimates. It appears very clear that the economic viability of the discovery is highly dependent on mining of the deposit during a high Cu-metal cycle, such as the one we are currently experiencing.

Management

• STAN BHARTI – CHAIRMAN
  
  
  Stan is a Principal with Forbes & Manhattan, Inc., a merchant bank located in Toronto, Ontario, that has directly or indirectly raised over $700 million in the last year. Mr. Bharti and Forbes & Manhattan are recognized for their expertise in mining and specifically in financing advanced mining exploration through to production. Mr. Bharti is a mining engineer and has worked at several mines in Quebec, including some of the mines within the Noranda/Falconbridge camp.




• ROBERT BRYCE, P.ENG.- DIRECTOR
  
  
  Robert is a mining engineer with over 43 years experience in the mining industry. He has been involved in all aspects of operations and management at various mines from Vice President of Mining Operations at Aur Resources Inc. to his current position as Chairman and President of XEMAC Resources Inc. He is a member of the Quebec Order of Engineers and a member of the Canadian Institute of Mining and Metallurgy (CIM).




• MAURICE J. COLSON – DIRECTOR
  
  
  Maurice has been associated with investment banking for over 30 years, mainly in the oil and gas industry. He was Managing Director for a major Canadian Investment Dealer in Europe and was Vice-President of First Marathon Securities Ltd., where he was one of the original partners and shareholders.
  
  

• JEAN DEPATIE – DIRECTOR
  
  
  Mr. Depatie has over 35 years of national and international experience in economic geology. He has worked in over 15 countries and acted as a consultant for organizations such as the United Nations, the World Bank, the Commonwealth Secrateriat, the Asian Development Bank, Banco Interamericano, the Canadian International Development Agency and Quebec’s Ministry of Natural Resources. Since 1981 he has been working as president and/or vice president of mining companies. He sits on the board of directors of several mining companies including Novicourt Inc. (Noranda Group) and Glamis Gold. He is currently president of Decamine Inc, of Montreal, geoscience consultants.
  
  

• DAVID M. RIGG, P.GEO. – PRESIDENT AND CEO
  
  
  David has 30 years of experience in the mining industry, including exploration and mine development programs in Ontario and Quebec. He worked for Agnico-Eagle Mines in Val d’Or, Quebec for 10 years in various capacities including Exploration Manager and has gained international experience in Africa and Sweden. He contributed to the discovery of the Musselwhite Mine, the Goldex Extension Mine, and was a member of both the Laronde Mine (1995) and the West Ansil Deposit (2005) discovery teams awarded Prospector of the Year awards by the QPA. Mr. Rigg obtained a B.A. and M.A. from King’s College, Cambridge University, England in 1978 and an M.Sc. at Queens University in 1980.
  
  

• TONY WONNACOTT – DIRECTOR
  
  
  Tony is a corporate securities lawyer who has been called to the Ontario Bar. He obtained a Bachelor of Commerce (cum laude) and a Bachelor of Law. Tony worked as an associate in the corporate finance department at McMillan Binch LLP and with Forbes and Manhattan providing Corporate legal services to over 20 companies, many of these Resource Companies active on the international stage. He is an officer of several publicly traded companies.

Other Senior Management

• MS. DEBORAH BATTISTON, CHIEF FINANCIAL OFFICER
  
  
  Deborah Battiston is a Certified General Accountant with over 20 years of accounting and financial management experience. At present, she is the Chief Financial Officer of several Canadian public companies in the mining sector. She has broad international experience having dealt with companies in over fourteen countries and having lived in Japan for several years. She has obtained a B.A. in Economics from the University of Guelph.
  
  

• MR. KEITH BOYLE, P.ENG. CHIEF OPERATING OFFICER
  
  
  Keith is a Professional Engineer with over 22 years experience in the mining industry with several major mining companies including Sherritt International, Dynatec Corporation, Inco Ltd, Placer Dome, Aur Resources and Cominco. He has domestic experience in the Northwest Territories, Quebec and Ontario and international experience in Papua New Guinea, Australia and Madagascar. Keith has experience with building and operating narrow vein and bulk underground mines as well as open pit mines with a strong focus on efficiency and cost control. He was responsible for the implementation of industry-leading health, safety and environmental management systems [in several mine settings?] and was recognized by the City of Timmins for the implementation of a citizens consultation group. Keith was recognized by the mining industry with a second J.T. Ryan trophy for the Stobie Mine being the safest mine in Ontario. Keith obtained a BSc. Mining Engineering and MBA from the University of Alberta in 1984 and 1985 respectively.
  
  

• PATRICK GLEESON, CORPORATE SECRETARY
  
  
  Patrick Gleeson is the Corporate Secretary of Alexis Minerals. Prior to joining Alexis, he was a lawyer at a major Canadian law firm, with a focus on securities law, particularly mergers and acquisitions. He holds a J.D. and a M.A. from the University of Toronto, and obtained a B.A. from Queen’s University.
  
  

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