HispanicBusiness

Notes to table:

1.  Mineral resources which are not mineral reserves have not demonstrated    economic viability. The estimate of mineral resources may be materially    affected by environmental, permitting, legal, title, taxation,    sociopolitical, marketing, or other relevant issues, although the    Company is not aware of any such issues.2.  Resources at the Main Pit and Satellite Pit were released on March 27,    2012 and are not part of this study.3.  Estimate of value of copper in terms of gold ("Gold Equivalent") is    calculated by multiplying kilogram of copper by the price of copper    ($/kg) and dividing the product by the price of gold ($/oz).4.  Mineral resources which are not mineral reserves have not demonstrated    economic viability. The estimate of mineral resources may be materially    affected by environmental, permitting, legal, title, taxation, socio-    political, marketing, or other relevant issues, although the Company is    not aware of any such issues.5.  The quantity and grade of reported inferred resources in this estimation    are uncertain in nature and there has been insufficient exploration to    define these inferred resources as an Indicated or Measured mineral    resource and it is uncertain if further exploration will result in    upgrading them.6.  The mineral resources were estimated using the Canadian institute of    Mining, metallurgy and Petroleum (CIM), CIM Standards on mineral    Resources and Reserves, Definitions and Guidelines prepared by the CIM    Standing Committee on Reserve Definitions and adopted by CIM Council.7.  Assumptions for the Resource Calculation for Underground and West Zone    Pit: (a) Gold Price, $1,325/oz., Copper Price $7.40/kg, (b) Cut-off    Grade, Underground, 2.25 g/t Au, Open-pit, 0.5 g/t, (c) Bulk Density,    Mine area underground and open pits, Specific Gravity 2.8; West Zone    pit, Specific gravity 2.65, (d) Minimum true width, Underground, 2.5 m,    all Open Pits, 5m, (e) Blasting/Mucking costs, Underground, $68/tonne,    Open-Pit, $5.75/tonne, (f) Milling Costs, $12/tonne, (g) Overburden    removal costs, $3/cubic meter, (h) Open pit shell optimized for best    revenue, (i) Geostatistical analysis indicate no grade capping is    necessary.

As a result of this new study, Alexandria's overall resources from its 35 km-long Cadillac Break property portfolio total 701,023 ounces of gold (Measured and Indicated Resources), 1,073,255 ounces of gold and 61,255,885 kg (134,762,947 lbs.) of copper, for 342,108 ounces of Gold Equivalent (Inferred Resources), as summarized in the table below:

----------------------------------------------------------------------------Deposit                             Measured and Indicated----------------------------------------------------------------------------              Cut-               off                                  Grade             Grade              Tonnes           (g/t Au)           Au (oz.)----------------------------------------------------------------------------Akasaba Underground  2.25             653,929               5.79            121,657----------------------------------------------------------------------------Akasaba Open Pits         0.50           3,009,214               1.37            132,475----------------------------------------------------------------------------Akasaba West Zone Pit     0.50----------------------------------------------------------------------------Orenada       0.50          10,273,975               1.35            446,891----------------------------------------------------------------------------Sleepy        2.00----------------------------------------------------------------------------Totals                                                               701,023--------------------------------------------------------------------------------------------------------------------------------------------------------Deposit                                    Inferred----------------------------------------------------------------------------              Cut-              Grade               off               (g/t            Grade              Gold Eq.             Grade      Tonnes    Au)  Au (oz.) (% Cu)     Cu (kg.) (oz.)(1)----------------------------------------------------------------------------Akasaba Underground  2.25   1,537,973   5.51   272,385----------------------------------------------------------------------------Akasaba Open Pits         0.50     285,374   1.76    16,153----------------------------------------------------------------------------Akasaba West Zone Pit     0.50  14,863,740   0.69   332,074   0.41%  61,255,885  342,108----------------------------------------------------------------------------Orenada       0.50   7,399,643   1.27   302,469----------------------------------------------------------------------------Sleepy        2.00   1,557,000   3.00   150,400----------------------------------------------------------------------------Totals                                1,073,481          61,255,885  342,108----------------------------------------------------------------------------