 Alexco Resource Corp. NYSE AMERICAN: AXU; TSX: AXU Alexco or the Company is pleased to announce that further to its previously announced over-night marketed public offering the Offering of common shares of the Company the Common Shares, it has entered into an underwriting agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation, and including Canaccord Genuity Corp. collectively the Underwriters to sell 4,054,500 Common Shares at a price of 1.85 per share the Offering Price for gross proceeds of 7.5 million. The Company has granted to the Underwriters an option the Over-Allotment Option, exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 608,175 Common Shares Option Shares at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be 8.6 million. 