Alexis Continues to Define the Apex Zone at Lac Herbin Mine in Quebec, Intersecting Up to 10.0 g/t Au Over 6.9 Metres

TORONTO, ONTARIO, Sep 07, 2011 (MARKETWIRE via COMTEX News Network) --

ALEXIS MINERALS CORPORATION (TSX: AMC)(OTCQX: AXSMF) ("Alexis" or the "Company") is pleased to announce results from recent drilling on the Apex Zone at its Lac Herbin mine, 10 km northeast of Val D'Or, Quebec. These results are part of the exploration work which was first launched in the fourth quarter of 2010 and is focused on three potential zones near the mine infrastructure--the Bonanza, FL and Apex. This recent drilling activity has been focused on in-fill drilling on the inferred resource envelope as well as expanding the zone in the open directions shown in Figure 1.

Highlights from the drill results from the Apex zone include:

-- 10.0 g/t Au over 6.9 metres from hole AMAR-75 -- 5.5 g/t Au over 11.1 metres from hole AMAR-77 -- 4.4 g/t Au over 8.9 metres from hole AMAR-107

The drilling targeting the Apex Zone identified two flat lenses dipping 22' south-west. The thickness of the Apex Superior lens averages 5.0 meter while the Apex Low lens thickness averages 2.4 meters.

The Apex Zone constitutes the third of three flat mineralized structures, the two previous having already been mined. In all cases, the lenses were located on the border of a known mineralized zone. Compilation work of the flat structures will be undertaken in the fourth quarter of 2011 in order to determine the highest potential zones and integrate these new targets into the 2012 exploration program.

Further to these results, the development of the Apex zone commenced in June 2011 as part of the mine turnaround plan (Please refer to Press Release dated June 8, 2011). The Apex Zone is located within 100 meters of the mine infrastructure and production is forecasted to begin during the first quarter of 2012.

Francois Perron, the President and CEO of Alexis, comments: "The drilling of the Apex Zone confirmed its potential as it began the year as part of the inferred resource. The development of this new sector has been completed in a few months which demonstrates the ability of our operating team. Furthermore, these new workings will establish a drilling platform from which at least two other underground exploration targets can be tested on the western side of the mine. Additionally, the recognition of this third flat structure has increased our understanding of this flat vein type of mineralization. For this reason, the flat structures will be the subject of further analysis in 2012 with the objective to add to our resource inventory. Our current mine exploration program for 2011 continues on other nearby zones such as FL and Bonanza."

The following table summarizes the recent drill results:

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                        From      To    True Thickness
Holes                    (m)     (m)               (m)  g Au/t         Zones
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2101-82               168.40  172.52              4.12    3.01      Apex Low
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AMAR-108                 130     133              2.70    3.16      Apex Low
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AMAR-110               139.2   143.7              4.50    3.71      Apex Low
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LH01-377              111.20  113.10              1.00    7.72      Apex Low
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LH01-378                78.8    81.3              1.00    4.56      Apex Low
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LH01-379                79.2    85.1              2.10    7.66      Apex Low
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LH01-380               59.40   68.40              2.90    5.17      Apex Low
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LH01-385                91.3   94.75              1.00    3.48      Apex Low
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AMAR-75                165.9   172.8              6.90   10.02      Apex Sup
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AMAR-77                  143   155.2             11.10    5.49      Apex Sup
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AMAR-107               117.4   126.3              8.90    4.36      Apex Sup
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LH01-380               83.90   90.40              2.10     8.1      Apex Sup
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LH01-381              112.65  116.40              1.00    1.79      Apex Sup
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LH01-382              107.00  118.10              3.90    4.55      Apex Sup
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LH01-383               85.25      90              1.60    3.94      Apex Sup
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AMAR-151               144.2  145.15              0.95    1.88      Apex Low
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AMAR-153               144.2  145.15              0.06    2.70      Apex Low
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AMAR-204B                135  140.15              5.15    4.64      Apex Sup
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AMAR-205              148.65   154.6              5.95    0.86      Apex Sup
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AMAR-206              139.55  141.40              1.85    6.50      Apex Sup
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Qualified Persons and Quality Control

The technical and scientific content of this press release has been supervised and reviewed by Claude Savard, P. Geo., Exploration Geologist, Lac Herbin mine, Alexis Minerals and Qualified Person as defined under NI 43-101 guidelines. Diamond drill core is logged and sampled by company personnel at the Lac Herbin mine. NQ core is cut in half using a diamond saw with one half bagged and submitted for assay and the remaining half sample retained and archived. BQ core is entirely bagged and submitted for assay. A strict QA/QC program is followed that includes mineralized standards, blank and field duplicate for each batch of samples. Analyses are performed by Techni-Lab of Ste-Germaine Boule, Quebec an ISO/IEC 17043 accredited assay facility. The Laboratory is certified by the Standards Council of Canada for gold analyses utilizing instrumental or gravimetric finish.

About Alexis Minerals

Alexis Minerals Corporation is a Canadian publicly traded mining company concentrating on exploration and mine development. The Company is listed on the Toronto Stock Exchange ("TSX") under the symbol "AMC", and trades in the United States on the Over the Counter QX International ("OTCQX") platform under the symbol "AXSMF". Alexis Minerals is a dynamic and aggressive mining company operating in Canada's richest mining regions: Val-d'Or & Rouyn-Noranda, Quebec, and Snow Lake, Manitoba. Alexis continues production and exploration in the mineral rich Val-d'Or area with property covering over 1,000 km2. The Company also continues work on its newest property at the Snow Lake Mining Camp. Alexis is now in its third full year as a junior gold-producing company and gold production is a priority as the company targets mid-tier gold production levels.