 Alexco Resource Corp. NYSE AmericanTSX: AXU Alexco or the Company is pleased to announce that it has received a draft amended and renewed water use license the WUL for the Keno Hill Silver District the District or Keno Hill from the Yukon Water Board. With the draft terms and conditions of the water license now issued and established please see Appendix I hereto for details of certain terms of the draft WUL, the Company is moving forward with final development of its mines at Keno Hill, anticipating initial concentrate production and silver sales in Q4 2020. The Company has also entered into a non-binding term sheet the Term Sheet to beneficially amend its silver purchase streaming agreement with Wheaton Precious Metals Corp. Wheaton. 