Alexis Outlines Strategic Objectives and Focus to Achieve Status as a Mid-Tier Gold Producer

TORONTO, ONTARIO, Jun 16 (MARKET WIRE) --
ALEXIS MINERALS CORPORATION (TSX: AMC) is implementing a renewed strategy
and focus to grow to a mid-tier gold producing mining company. In the
next 12 to 18 months, Alexis will advance strategic investments in the
Val d'Or - Rouyn-Noranda Area, focus exploration around these projects
and advance merger and acquisition activities (M&A). Alexis intends to
realize this next tier recognition by:

- Production from the Lac Herbin Mine of 36,000 to 40,000 ounces gold per
year through the current 5-year life of mine plan;

- Refurbish the Aurbel gold mill one kilometer from the Lac Herbin mine
to achieve an estimated 10% reduction in costs and provide milling
capacity for new satellite deposits;

- Advance the Lac Pelletier deposit in Rouyn-Noranda into production in
2010 thereby doubling annual production to an estimated 75,000 to 85,000
ounces of gold per year;

- Focus exploration to realize the million ounce gold potential
recognized in the Lac Herbin Mine area and surrounding 100 sq.km Aurbel
property, in proximity to the Aurbel Gold mill and more specifically in
areas of recent exploration success:

-- In and adjacent to the Lac Herbin Mine;

-- Down-dip of the historic Dumont mine where the deposit appears to be
open to depth;

-- In the West Zone, 1.0 to 1.3 km west of Lac Herbin;

-- In the 7 sq.km. area of the NEF zone, 4km NE of Lac Herbin; and,

-- In areas of new initiative, including adjacent to and beneath the
historic Ferdeber Mine.

- Focus on Merger and Acquisitions (M&A) that are accretive and
contribute to next tier recognition

- Several recent management changes have also been made to provide clear
focus in the company and support these growth objectives.

Lac Herbin Mine

The Lac Herbin mine, the company's flagship operation, is targeting an
annual production rate of 36,000 - 40,000 ounces per year with mining
costs of US$115/tonne (t) in 2009 and decreasing to US$105/t in
2010-2014. At current currency exchange rates, cash costs are US$550/ oz
in 2009, decreasing to US$500/oz in 2010 -2014. A solid 5 year mine plan
is supported by current Measured and Indicated Resources of 856,300
tonnes grading 7.5 grams gold per tonne (g.Au/t) for 206,000 ounces gold
(oz.Au). The mine is also supported by additional Inferred Resources of
420,500 t grading 6.0 g.Au/t, for another 78,000 oz.Au (See Press
Release: February 24, 2009). Historically, typical vein-type deposits in
the Val d'Or District of northwestern Quebec consistently demonstrate
annual replacement of resources through ongoing mine exploration,
extending mine life significantly beyond outlined Resource and Reserves.
Recent exploration immediately adjacent to the Lac Herbin Mine has
demonstrated such on-going potential (see press release: April 3, 2009).
Mine exploration will continue to focus on Resource growth on strike and
at depth.

Aurbel Gold Mill

The first strategic project for Alexis is completion of refurbishment of
the Aurbel gold mill, located one kilometer from the Lac Herbin mine.
Alexis intends to reactivate the 1400 tonnes per day capacity mill to
accommodate the Lac Herbin ore. This development will reduce operating
costs by approximately $12.00 per tonne, or 10% of the cash cost of the
mine. The mill provides significant additional capacity to treat ores
from the new discovery areas targeted on the Aurbel property, other new
satellite deposits in the region, and, to offer Toll milling facilities
to other companies. At a cost of $5 million, the refurbishment of the
mill is expected to be completed by the end of Q4-2009.

Lac Pelletier Mine

The second strategic project for Alexis is to bring the Lac Pelletier
deposit in Rouyn-Noranda into production in 2010. The deposit hosts
Measured and Indicated Resources of 1,240,800 tonnes grading 5.42 g.Au/t
or 216,405 oz.Au and Inferred Resources of 491,100 tonnes grading 4.94
g.Au/t or 78,029 oz.Au at a 3.0 g.Au/t cut off (See 43-101 Technical
Report: October 3, 2006). A 40,000 tonnes bulk sample is planned by the
end of the year with a production decision to follow. Dewatering of the
Lac Pelletier Ramp and Underground workings has commenced and Alexis
expects to announce results from a pre-feasibility study on the deposit
by the end of the quarter. At a proposed rate of 35,000 to 45,000 ounces
per year, the operation is projected to double annual production of
Alexis to 75,000 to 85,000 ounces of gold per year. The production
projections are preliminary in nature, and include inferred mineral
resources that are considered too speculative geologically to have the
economic considerations applied to them that would enable them to be
categorized as mineral reserves. There is no certainty that the
preliminary assessment will be realized.

Organic Growth through Exploration

Exploration across the extensive 100 sq/km Aurbel property surrounding
Lac Herbin in 2009 has successfully demonstrated at least three new areas
with clear deposit scale potential (See Press Release: May 27, 2009). The
company believes there is potential to deliver over a million ounces on
the Aurbel property over its production lifetime and maintain its long
term role as the cash engine of the company for many years into the
future. Exploration in 2009 will continue to focus on areas adjacent to
the Lac Herbin Mine; down-dip of the past producing Dumont mine; and, in
the West Zone and NEF zones on the Aurbel property. New initiatives will
be introduced to the exploration focus including exploration near, and
beneath, the historic Ferdeber Mine.

M&A Activity

As part of its growth plan, Alexis is also actively seeking accretive
acquisitions to grow to the next level. The Val d'Or - Rouyn area has
significant exploration potential for new world class discovery and hosts
numerous known deposits with potential to act as satellite deposits.

Management Focus

Alexis is also pleased to announce a refocused management structure to
realize this growth. Stan Bharti, Executive Chairman of the Board, will
focus on capital markets. Mr. Bharti has been instrumental in developing
a variety of Resource companies over the last 4 years and associated
project and company financing. David Rigg, President and CEO will focus
on strategy and corporate growth through acquisition and new discovery.
Mr. Rigg has been instrumental in numerous mine discoveries during his
career, including several world class deposits. Keith Boyle, EVP and COO,
will be responsible for mine operations including delivery and
development of strategic projects. Mr. Boyle has been responsible for the
successful development of at least five producing mines during his career
and introduces key aspects focused on cost controls, safety, environment
and productivity.

Alexis has appointed Mr. Patrick Sevigny, Eng. as manager of Strategic
Development for Alexis. Mr. Sevigny is a mining engineer from the Abitibi
region and more recently steered the successful development of the Lac
Herbin mine. He will focus on the evaluation of growth opportunities for
the company. Mr. Jean Bastien, Eng. and Mr. Pascal Hamelin, Eng. have
been recently hired as Mine Managers of Lac Herbin and Lac Pelletier
Mines respectively.

Alexis continues to fulfill its strategy of expanding its gold profile to
achieve mid-tier producer status. The Company's management focus, growing
production profile, large land holdings and strategic infrastructure,
provide the foundation for the discovery, development and operation of
new deposits. The extensive property portfolio of Alexis in the highly
prolific mining camps of the Abitibi district ultimately offers the
potential for the discovery of world class deposits.

Quality Control:

The technical and scientific content of this press release has been
reviewed by Mr. David Rigg, P.Geo. and Mr. Keith Boyle, Eng., officers of
the Company and Qualified Persons as defined under NI 43-101 guidelines.

About Alexis Minerals

Alexis Minerals Corporation is a Canadian mining company listed on the
Toronto Stock Exchange (symbol "AMC"). The Company owns one producing
gold mine in Val d'Or and the right to earn a 100% interest in the Lac
Pelletier gold property in Rouyn-Noranda. Alexis undertakes exploration
in the mineral rich Val d'Or (100% ownership of 212 sq. km.) and
Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint
venture with Xstrata Copper). Further information about Alexis Minerals
can be found at its website: www.alexisminerals.com

Forward looking information.

This document may contain or refer to forward looking information within
the meaning of applicable securities laws, based on current expectations,
including, but not limited to, mineralization projections, future
production estimates and cost of production projections, projected
capital and operating expenditures future exploration plans and
techniques, estimates regarding the timing and costs of exploration,
statements regarding possible acquisitions, mineral prices, and future
mining plans. Forward looking statements are subject to significant risks
and uncertainties, including those risks identified in the annual
information form of the Company, which is available under the profile of
the Company on SEDAR, and other factors that could cause actual results
to differ materially from expected results. Estimates and assumptions
underlying the future-looking information are based upon extensive
technical and scientific analysis conducted by the management of the
Company, the analysis of external consultants and information obtained by
the Company from third parties. Readers should not place undue reliance
on forward-looking information. Forward looking information is provided
as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.

Contacts:
Alexis Minerals Corporation
David Rigg
President and CEO
(416) 861-5889
(416) 861-8165 (FAX)

Alexis Minerals Corporation
Bruce Barch
VP Investor & Corporate Affairs
(416) 861-5905
bruce.barch@alexisminerals.com
info@alexisminerals.com

Alexis Minerals Corporation
Louis Baribeau
Relationniste
(514) 667-2304
deconsul@videotron.ca
www.alexisminerals.com

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