StoneCap Securities Updates Coverage on Alexco Resource Corp - Video Summary of Report Posted on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2013) - Investment firm StoneCap Securities has updated its coverage on Alexco Resource Corp. (TSX: AXR) (NYSE MKT: AXU). Following news that the company had received a completed and signed water use licence amendment from the Yukon Water Board, analyst Christos Doulis maintained his sector perform rating, with a one-year target of $3.00, which would give investors a projected return of 96% over the $1.53 price the day the report was issued.

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Located in Canada's Yukon Territory, Alexco Resource Corp. owns and operates the Bellekeno silver mine, one of several mineral properties held by Alexco which encompass substantially all of the historical Keno Hill Silver District.

Bellekeno, which commenced commercial production at the beginning of calendar year 2011, is Canada's only operating primary silver mine, having produced 2.2 million ounces of silver in 2012.

This new water use licence allows Alexco to process mill feed from its Onek and Lucky Queen mines. Production from these mines would be supplemental to the Bellekeno mine and is not included in Alexco's production guidance for 2013 of between 1.9 million and 2.1 million ounces of silver.

Although the Keno Hill Silver District lies within a traditional First Nation's territory there is a fully settled land claim agreement in place with both the Government of Canada and the Yukon, and Alexco operates within the District under a comprehensive cooperation and benefits agreement with the First Nation.

Alexco's primary near-term exploration objective is to unlock value in the silver-rich Keno Hill District, and is focused on growth by advancing its promising District properties to development decisions. The Company's goal is to produce 7 million to 10 million ounces of silver annually within the next decade.

Employing a unique business model, Alexco also provides mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and industry clients through the Alexco Environmental Group, its wholly-owned environmental services division.

Analyst Christos Doulis stated, "The Water Licence is the last remaining permit required for Onek to enter production, but due to the recent decline in silver prices, Alexco is evaluating its options and may defer production from Onek."

The company is trading at $1.57 and with 62.2 million shares outstanding is capitalized at $97.7 million. This is well below StoneCap's target price of $3.00.

For more information, please visit the company's website www.alexcoresource.comor contact Vicki Veltkamp, Vice President Investor Relations at 604-633-4888 or email info@alexcoresource.com.

For more information about StoneCap Securities or to obtain additional research, contact them at www.StoneCapsecurities.com.

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