Alexco Intersects Multiple Zones of Silver Mineralization to 22.2 Meters True Thickness

Alexco Resource Corp.

today announces interim results from its 2011 drilling program at the Bermingham property, located adjacent to the historical Hector Calumet mine within the Keno Hill Silver District in Canada's Yukon Territory. Previously-discovered zones of silver mineralization at Bermingham have been confirmed and expanded, with intercepts ranging up to 22.2 meters true width within a complex structural zone. Drill testing has spanned 350 meters along strike with the mineralized zone remaining open 300 meters down plunge, and high-grade intercepts of up to 346.8 ounces per ton (oz/T) silver over 0.12 meters have been recorded. The broad southwesterly-plunging silver and locally gold mineralized zone is focused within three closely-spaced subparallel vein systems. These are localized along a large northeasterly trending regional structural zone that links to the historic Hector Calumet mine, which produced 96 million ounces of silver over its operating life. To date, assay results have been received for 13 out of 26 holes drilled at Bermingham in 2011 and confirm the presence of significantly wide zones of lower grade silver mineralization as well as selective zones more typical of the high grade Keno Hill style mineralization seen elsewhere in the District. Following receipt of all remaining assays by early 2012, Alexco intends to calculate an initial resource estimate for this new Bermingham discovery.