Chen Lin, a guest of Jay Taylor's Turning Hard Times into Good Times this week, mentioned, Alexis Minerals' financing as a sign of things to come in the junior exploration company sector. Alexis had a $60 million market cap and incredibly arranged a $60 million financing deal with seemingly no shareholder dilution.

Any thoughts on whether this type of financing will catch on among juniors, or whether Alexis is somehow unique and not comparably situated to Tyhee?

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Alexis Minerals Signs Engagement Letter for $60 Million Snow Lake Project Financing

("Alexis" or the "Company") is pleased to announce that it has entered into a Letter of Engagement with Legend Securities Inc(1), a New York based broker-dealer, in respect of project financing for the Company's Snow Lake Gold Mine. The Company selected this financial institution after assessing the approach and conditions of over 20 proposals received from around the globe after publishing the Snow Lake Preliminary Assessment (see news release, March 8, 2010).

It is proposed that the project financing will be in the form of a facility of up to $60,000,000 to provide project financing in two tranches:

-- $45 Million for anticipated Capital Costs to develop and refurbish the
   Snow Lake Mine during the twelve month period following a positive
   production decision; and
-- an additional $15 Million working capital draw down facility.

It is proposed that the facility will have a five year term. Alexis
would make quarterly payments under the facility from revenues
derived from the sale of gold from production at Snow Lake. The first
tranche of the facility is expected to be available during the fourth
quarter of 2010 and is timed to facilitate mine construction and
development to commence in January 2011. The facility does not
require any gold-hedging, and there are no associated warrants,
options or other equity involvement. The completion of the facility
is subject to, among other things, satisfactory completion of due
diligence, completion of the Snow Lake Feasibility Study, and
execution of the definitive facility documents.