 Alexco Resource Corp. NYSE American: AXU; TSX: AXU Alexco or the Company has today filed a preliminary prospectus supplement in connection with an over-night marketed public offering the Offering of common shares of the Company the Common Shares. The definitive price shall be determined in the context of the market and the size of the Offering is not to be less than 5,000,000. It is expected that Cormark Securities Inc. and a syndicate of underwriters collectively the Underwriters will enter into a definitive underwriting agreement with the Company on the successful marketing of the Offering. The Underwriters also have an option to sell that number of additional Common Shares equal to 15 of the number of Common Shares the Option Shares sold pursuant to the Offering at the offering price for market stabilization purposes and price to cover over-allotments for a period of 30 days after the date of Closing provided that the aggregate number of Common Shares to be issued by the Company pursuant to the Offering. 