Alexco Resource Corp.: Yukon Government Issues Positive Decision Document for Bellekeno Mine Permitting

VANCOUVER, BRITISH COLUMBIA, Jul 14 (MARKET WIRE) --
Alexco Resource Corp. (TSX: AXR)(NYSE Amex: AXU) ("Alexco" or the
"Company") is pleased to report that the Yukon Government has issued a
positive Decision Document agreeing with the recommendation of the Yukon
Environmental and Socioeconomic Assessment Board that the Bellekeno Mine
project should proceed. The issuance of this Decision Document completes
the environmental and socioeconomic assessment of the Bellekeno Mine
project, providing a framework for mitigations that will be included in
both the Quartz Mining Licence and the Type A Water Use Licence.

Based on this Decision Document, the Yukon Government will now proceed
with drafting the terms of the Quartz Mining Licence for the Bellekeno
Mine, anticipated by Alexco to be issued by the end of summer consistent
with its planned development schedule.

With the environmental and socioeconomic assessment now complete, Alexco
intends to submit its application for Bellekeno's Water Use Licence
within the next two weeks, with its issuance by the Yukon Water Board
targeted by the first quarter of 2010.

Keno Hill Silver District History

Between 1921 and 1988, the Keno Hill silver district produced more than
217 million ounces of silver with average grades of 40.5 ounces per ton
silver, 5.6% lead and 3.1% zinc (Yukon Government's Minfile database).
The historical production grades would rank Keno Hill in the top 3% by
grade of today's global silver producers. The Keno Hill district is the
second-largest historical silver producer in Canada.

About Alexco

Alexco's business is to unlock value and manage risk at mature, closed or
abandoned mine sites through integration and implementation of the
Company's core competencies which include management of environmental
services, execution of mine reclamation and closure operations and if
appropriate, rejuvenation of exploration and development of new mining
opportunities.

Some statements in this press release contain forward-looking
information. These statements include, but are not limited to, statements
with respect to the entering into of agreements, the closing of
transactions and the expenditure of funds. These statements address
future events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
statements. Such factors include, among others, the timing of
transactions, the ability to fulfill certain conditions, the ability to
raise funds and the timing and amount of expenditures.

Contacts:
Alexco Resource Corp.
Clynton R. Nauman
President and Chief Executive Officer
604-633-4888
info@alexcoresource.com
www.alexcoresource.com

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