alexis expands near mine potential on toots...

For Immediate Release News Release

ALEXIS EXPANDS NEAR MINE POTENTIAL ON TOOTS WEST ZONE,

SNOW LAKE MINE September 1, 2011 – Toronto, Ontario: ALEXIS MINERALS CORPORATION [TSX: AMC]

[OTCQX:AXSMF] ("Alexis" or the “Company") is pleased to report drill results from its West Toots drill

program at the Main Mine property in Snow Lake, Manitoba. The Toots West Zone is located at the

western limits of the Main Mine underground infrastructure.

The West Toots drill program was initiated in order to bolster the anticipated startup of the Snow Lake

Mine by increasing the size of the resource envelope near mine infrastructure. The results of the drilling

program are shown in Table 1 below.

Table 1

*The core length represents the drilled intercept length. Efforts were made to intercept the Toots West structure at an angle to best

represent the true thickness, however, the true thickness is not known with certainty.

The program focused on continuing the definition of the hanging wall section of the mineralized zone and,

although the average grades are lower than the reserve average, they are near or above the cut off grade of

1.9 g/t Au established with a gold price $1,149 in the feasibility study prepared for the Snow Lake Mine

project, a copy of which is filed under the Company’s profile on SEDAR at www.sedar.com. More

importantly, the drill results allow Alexis to infer the continuity of the down dip and strike of the Toots

West structure towards the easterly plunging McLeod Road Thrust which delineates the West Toots

structure limit. The majority of these new holes are outside of the current resource envelope, but infer the

continuation of the structure shown in Figure 1.

West Toots Drill Program

Hole Number From (m) To (m)

Core

Length*(

m)

Au g/t Zone Comments

MM11-01

NA

Shut down at 29 metres due

to significant deviation in

azimuth

MM11-02 330.44 331.17 0.73 5.312 HW of Toots West NSV on Toots West (Main)

structure

MM11-03 591.51 592.51 1.00 1.429 Toots West (Main)

Several intersections on HW

structures up to 2.490g/t/1.83m


Several intersections on HW

structures up to 1.85g/t/2.53m



MM11-07 508.60 512.00 3.40 2.259 Toots West (Main) Intersection on HW structure of 3.588g/t/1.77m

MM11-08 150.27 152.34 2.07 1.888 Toots West (Main) Intersection on HW structure

of 19.140g/t/0.17m


Intersection of 1.338 g/t/3.2m

located 2.22m in the HW

main zone intersection

François Perron commented on the results: “As the Snow Lake project is nearing the construction our

primary focus has been to improve our understanding of the upper main mine. The current set of results

have significantly increased our confidence in this particular area of the upper main mine where resources

had been constrained by lack of information. Our near-mine exploration program will now focus on the

Upper Toots while regional drilling is investigating the Caper and the Birch zones.”

Qualified Persons and Quality Control The technical and scientific content of this press release has been reviewed by Earl Masarsky, P.

Geo.,Chief Mine Geologist, Manitoba Division, Alexis Minerals and Qualified Person as defined under

NI 43-101 guidelines. Diamond drill core is logged and sampled by company personnel at the Snow Lake

Mine. Core (NQ) is cut in half using a diamond saw with one half bagged and submitted for assay and the

remaining half sample retained and archived in a secure facility. A strict QA/QC program is followed that

includes mineralized standards, blank and field duplicate for each batch of samples. Samples are shipped

by secure truck to TSL Laboratories Inc. (TSL) Saskatoon, Saskatchewan, an ISO/IEC 17025 accredited

assay facility established in 1981. 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”. The Company’s focus is to grow through exploration, development and

acquisition of mineral properties and directly and indirectly, through joint ventures. Alexis is now in its

third full year as a junior gold-producing company. The Company holds a dominant property position

(over 1,050 km ) in three of Canada’s richest mining camps: Val-d’Or and Rouyn-Noranda, in the Abitibi

District of Québec, Canada, historically the 3rd richest gold producing region in the world; and Snow

Lake, Manitoba, Canada. Alexis undertakes exploration across these properties searching for new world

class discoveries, while maintaining a focus on growing Alexis to become a mid-tier gold producer.

Contact Information:

Contact Information:

François Perron, Louis Baribeau, Rob Hopkins,

President and CEO Public Relations Investor Relations

Tel: (416) 309-2952 Tel: (514) 667-2304 Tel: (416) 861-5899

Toll free: 1 877-717-3027

Email: [email protected]

Website: www.alexisminerals.com

Forward-looking information : This press release contains "forward-looking information" within the meaning of applicable Canadian

securities legislation. Forward-looking information includes, but is not limited to, statements with respect

to the impact of the results of the drilling on the Company and its understanding of the property, the

timing and amount of future exploration and development of the property, and the future financial or

operating performance of Alexis and its projects. Generally, forward-looking information can be

identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is

expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not

anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or

results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward looking

mailto:[email protected]

information is subject to known and unknown risks, uncertainties and other factors that may cause the

actual results, level of activity, performance or achievements of the Company to be materially different

from those expressed or implied by such forward-looking information, including but not limited to those

risks described in the annual information form of the Company, which is available under the profile of the

Company on SEDAR. Although the Company has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking information, there may be other

factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that

such information will prove to be accurate, as actual results and future events could differ materially from

those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-

looking information. The Company does not undertake to update any forward-looking information, except

in accordance with applicable securities laws.

alexis expands near mine potential on toots...

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