Alexandria Minerals Corp ALXDF

Response to Mr. Gundy's Letter

[EricOwensFG]

Good afternoon, As you may know, Alexandria Minerals issued a misleading letter this morning from Chairman of the Board Peter Gundy. While I will issue a news release shortly addressing some of these false allegations and misleading statements in depth, I wanted to provide you with a quick summary of my initial thoughts. Of most concern, Mr. Gundy incorrectly says that I was terminated from the company because of my proactive financing plan that was intended to reinvigorate the Val dOr property and provide significant return for shareholders with minimal dilution (the 55% price that Mr. Gundy claims is entirely false and arbitrary). In addition to assuring you that I undertook this financing with the full knowledge and support of the board, I also would like you to know that these funds were collected from a group of international and domestic investors that saw potential in the property, and were not close personal friends of mine. These funds were kept in a secure bank account under the name of the corporation, and this was done under the advice of counsel. My termination, however, was not related to this fundraising, and this has simply become a scapegoat for the boards poor decision making. I was terminated rather, in response to the meeting requisition that I made in order to stop Mr. Gundy and the Special Committee from selling the company primitively. Mr. Gundys letter conveniently excludes the requisition being delivered on February 9, just days before I was terminated. If in fact my termination was based on my financing project, why would the board wait until months after the fundraising began? I encourage you to carefully read the news releases and materials provided by both myself and the company, and ask questions such as the one above. The withholding of important information, and misleading statements from the company indicate to me and many other shareholders that the current management is unfit to lead this company. You will find that questions around why significant core samples were excluded from the 43-101 resource estimate still remain unanswered, or why valuable components of the timeline of events go unnoticed in Mr. Gundys letter. With the special meeting just a few weeks away, I hope that you will take the time to review the materials and understand that this self-interested board is merely interested in a quick-sale of the company to their allies for personal return. As a shareholder myself, any accusation that I do not have the best interest of shareholders in mind is patently false. Please join me in helping to save this company from these self-interested board members by voting with your YELLOW proxy form: 1. FOR the Board Size Resolution 2. AGAINST the Former CEO Removal Resolution 3. FOR the Dissident Director Removal Resolution 4. FOR the Election of Directors It has become clear that the current management is unable to provide factual and informed responses to the many concerns related to this issue and I want to ensure shareholders are receiving the correct information. Please do not hesitate to reach out to me directly with any concerns you have. You can email me directly at [e-mail] or read more about our vision for the company at www.votefoundersgroup.ca. Regards, Eric