Alexco Resource Corp.

Alexco Resource Corp. (TSX: AXR, AMEX: AXU) reported production of 608,093 ounces of silver in the fourth quarter of calendar year 2011, and 2,020,695 ounces of silver (plus about 16.5 million pounds of lead and 7.2 million pounds of zinc) in its first full year of commercial production at Keno Hill in the Yukon. This was within the current guidance range for 2011 of 2.0 to 2.2 million ounces of silver, which was revised downward from earlier revised guidance of 2.2 to 2.5 million ounces of silver, and initial guidance of 2.5 to 2.8 million ounces of silver. Alexco also offered 2012 guidance of 2.2 to 2.5 million ounces of silver (plus 19 million pounds of lead and 7.5 million pounds of zinc), which we have a high level of confidence that they will meet and possibly exceed. Production in 2011, with conservative guidance for 2012, is in-line with their long-term goal of annual silver production of seven to ten million ounces of silver in ten years.

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Alexco Meets Revised Guidance for Initial Year of Production at Keno Hill.pdf

The Association for Mineral Exploration British Columbia announced the 2011 recipients of its annual awards presented to individuals or teams for significant contributions to the mineral exploration industry in British Columbia and Western Canada.  Clynton Nauman, President and CEO, and Bradley Thrall, Environmental Vice-President and COO, of Alexco Resource Corp. are the recipients of the E. A. Scholz Award for excellence in mine development. They are acknowledged for successfully re-opening the Bellekeno Mine and reviving Yukon's Keno Hill Silver District through an innovative strategy that includes managing environmental liabilities generated from more than 75 years of historic mining. Bellekeno achieved commercial production in January of 2011, and is presently Canada's only primary silver mine.

Alexco was also added to the Market Vectors® Junior Gold Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (MVGDXJTR), a rules-based, modified market capitalization-weighted, float-adjusted index intended to investors exposure to small- and medium-capitalization companies in the gold or silver mining industry.

Alexco Resource Corp. (TSX: AXR, AMEX: AXU) recently reported earnings for the first quarter of its 2012 fiscal year ending September 30, 2011, and high-grade silver drill results at its Bermingham target. Alexco declared commercial production at its Keno Hill mill on January 1, 2011. Silver production from its Bellekeno mine led to three consecutive quarters of increasing total revenues, positive earnings, and cash flow over the first three quarters of calendar 2011. As of the end of September 30, 2011, Alexco reported cash and cash equivalents of $48.6 million and net working capital of $50.4 million. While the mill achieved higher rates and levels of production, the rate of the increase has fallen short of earlier aggressive production targets.

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Alexco Extending Near-to-Long Term Production Profile.pdf

Alexco Resource Corp. (TSX: AXR, AMEX: AXU) declared commercial production at its Keno Hill mill on January 1, 2011. Tonnes per day processed at the mill consistently increased from 201 tonnes per day (tpd) in the first quarter of production, to 208 tpd in the second quarter, and to 234 tpd in the third. This accounts for the increase in silver production of 447.5, 464.3, and 500.7 thousand ounces of silver in the first, second, and third quarters of commercial production, respectively. Earlier in the calendar year, Alexco management has offered guidance for its silver production goal of 2.2 to 2.5 million ounces of silver.

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Alexco to Increase Silver Production in the Fourth Quarter.pdf

Alexco Resource Corp. (TSX: AXR, AMEX: AXU) is among the highest grade silver producers. It has strong growth potential and is operating in an established silver district. Alexco’s Keno Hill silver district is located in the Yukon Territory, a political jurisdiction friendly to mining from an investor’s perspective. Alexco is uniquely qualified by their Access Environmental Group to reduce risk, create strategic opportunities, and generate additional revenues.

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Alexco Increasing Long-Term Production Profile.pdf

2011 is looking to be an excellent year for Alexco Resource Corp. (AMEX: AXU, TSX: AXR) in three key areas recognized forincreasing shareholder value: increasing production, building resources, and making discoveries. Their Bellekeno mine and mill are producing concentrate as scheduled during a period of record silver prices. They have compliant and historic resources with additional drilling and technical work, important to expand resource estimates and to extend mine life. Their exploration team has completed an extensive review of historic data from the previous owner making possible numerous significant “blind target” discoveries, which they may add to or repeat in 2011. We believe this is precisely the opportunity that Silver Wheaton Corp. (NYSE: SLW) recognized when they purchased 25% of the future silver production at Keno Hill, even ahead of construction of the Bellekeno mine.

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Alexco Moving Up the Value Curve in 2011.pdf

In our opinion, we would not be surprised to see gold holding within $1200 to $1500 through 2011 with a potential beak-out to $1600. This again is a somewhat conservative perspective that lends itself to a barbell investment strategy of selecting low-cost producers with ramping cash-flow surprises in the near-term and exploration and development companies with highly leveraged assets to production in the long-term.

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Special Report 2011 Precious Metals Investment Strategy.pub_.pdf

Alexco Resource Corporation (NYSE AMEX: AXU, TSX: AXR) is on schedule and on budget at their Bellekeno mine to reach their targets for production of concentrate within the next four to six weeks. From discovery to production, Alexco’s management team should be applauded for attaining this remarkable achievement in only three years. Bellekeno should be among the highest grade silver and base metal mines in the world, and may be the first of many brought into production by Alexco, at their wholly owned Keno Hill silver district in the Yukon Territory.

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AXU.Update.10.11.17.pdf

Alexco Resource Corporation (NYSE AMEX: AXU, TSX: AXR) and Minefinders Corporation Ltd. (NYSE AMEX: MFN, TSX:MFL) both have opportunity for increasing production, resources, and cash flow in 2011, which should lead to a higher valuation,but these mining companies are very different.  A side-by-side comparison of the two very different sized operations is made even more interesting by the relatively similar level of potential cash flow for each company in the next year.

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AXU.Spec_.10.11.15.pdf

 Alexco Resources (NYSE Amex: AXU, TSX: AXR) provided an update on the construction of its Bellekeno mine and mill on July 6, 2010.  The inadvertent discovery of high-grades (samples of 1,428 g/t silver or 45.8 opt over 2.0 meters) at Flame and Moth uncovered during construction are an indication of the potential for locating mineralized material covered by thin layers of overburden and further positive exploration surprises at Keno Hill.  Other indicators of further mineralization have been encountered in post holes when hanging power lines.  Alexco has initiated surface drilling at Flame and Moth and has several surface and underground drills which may provide a pipeline of positive news releases over 2010.

The development of Alexco’s mine and mill at Bellekeno is on schedule for completion for commissioning and start-up of the mill in the third quarter of 2010. The issuance of the Type A Water Use License is the last major step after completion of the mill and mine to commence operation. The Type A Water License has been submitted in a form and substance adequate for the Yukon Water Board to render a decision.

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AXU.Update.10.07.02.pdf

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AXU.Update.09.04.07.pdf

Alexco Resource Corp. is a precious metals exploration company with a silver focus and a growing environmental services business. After completing an initial public offering in January 2006 on the TSX, Alexco has successfully established itself on two fronts.