This is the response from the company on the large volume trade days. In short they know nothing...right, what was he supposed to say. It would be illegal for any inside information to be said before any offical in the form of a NR from the company. You do not have the volume seen from last friday without someone knowing something...in my opinion.

Hello Mr. XXXX,

We do not know the reason, as there was also a very high trading day earlier this week as well, but with no formal information from the Company. We have inquired of a few stock brokers but the common answer is that there are many reasons why people sell. For Friday, it appears an upward trend started a deluge of trading, with millions of shares likely earning the owners a few pennies per share. The stock had a peak gain during the day of 35%, so likely profit taking had a major role in the trading volume.

Please call me if you want to discuss further; or if you have any questions about the company.

Regards,

Bruce Barch

Vice President Investor & Corporate Affairs

Alexis Minerals Corporation

65 Queen St West

Suite 815, P.O. Box 75

Toronto, ON M5H 2M5

Phone: 416.861.5905

Toll free: 877.717-3027

fax: 416.861.8165

e-mail: bruce.barch@alexisminerals.ca

website: www.alexisminerals.com