Aurizon Issues Statement on Expiratiom of Alamos Offer

Aurizon Mines

today commented on the expiry of the unsolicited offer made by Alamos Gold Inc.

. Aurizon's Board of Directors had unanimously recommended that shareholders reject the Alamos offer.Said George Brack, Chair of the Special Committee of Aurizon's Board: "We stand by our determination that the Alamos offer was inadequate, and with its expiry, we will continue to move forward with the Board-supported Hecla arrangement. The Hecla arrangement offers an attractive premium, a substantial cash component, and the compelling opportunity to participate in a North America focussed precious metals company with exploration potential and significant upside. We look forward to proceeding with this transaction, and will be mailing a Management Information Circular in due course."Details of the Hecla AgreementUnder the terms of the Hecla Agreement announced on March 4, 2013, Aurizon shareholders may elect to receive in exchange for each Aurizon share, CAD$4.75 per share or 0.9953 of a Hecla share or a combination of both, subject in each case to pro-ration based on a maximum cash consideration of approximately CAD$513.6 million and a maximum of approximately 57,000,000 Hecla shares. Assuming that all shareholders