ALEXCO OBTAINS INTERIM ORDER AND PROVIDES TRANSACTION UPDATE

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that it obtained an interim order (the " Interim Order ") from the Supreme Court of British Columbia (the " Court ") on July 27, 2022 authorizing the holding of its special meeting (the " Meeting ") and matters relating to the conduct of the Meeting. At the Meeting, shareholders, optionholders, restricted share unit (" RSU ") holders, and deferred share unit (" DSU ") holders of Alexco (collectively, the " Securityholders ") will be asked to consider and, if deemed advisable, pass a special resolution (the " Arrangement Resolution ") to approve an arrangement (the " Arrangement "), in accordance with the terms of the arrangement agreement entered into by the Company and Hecla Mining Company ( NYSE: HL ) (" Hecla ") on July 4, 2022 as assigned and amended (the " Arrangement Agreement "), pursuant to which 1080980 B .C. Ltd. (" 108 ") agreed to acquire all of the issued and outstanding Alexco Shares that it does not already own by way of a statutory plan of arrangement (the " Plan of Arrangement ") under section 288 of the Business Corporations Act ( British Columbia ).

Alexco also announces that it executed an assignment and amendment agreement dated July 25, 2022 (the " Amending Agreement ") with Hecla and 108 to amend the Arrangement Agreement, pursuant to which Hecla has assigned its obligations under the Arrangement Agreement, such that 108 will become the purchaser under the Plan of Arrangement. The Amending Agreement is available on SEDAR ( www.sedar.com ) under Alexco's issuer profile.

An Alexco information circular will be mailed on or before August 8, 2022 to Securityholders of record as of July 20, 2022 . The Meeting will be held on August 30, 2022 at 10:00 a.m. ( Vancouver time) at the offices of Blake, Cassels & Graydon LLP, 595 Burrard Street, Suite 2600, Vancouver, British Columbia , V7X 1L3. Assuming no adjournment or postponement to the Meeting, the cut-off time to vote by proxy will be 10:00 a.m. ( Vancouver time) on August 26, 2022 .

The proposed closing date of the Arrangement is September 7, 2022 , subject to obtaining Court, Securityholder and regulatory approval and the satisfaction of conditions set forth in the Arrangement Agreement.

About Alexco

Alexco is the owner and operator of the historic Keno Hill Silver District in Canada's Yukon Territory , one of the highest-grade silver deposits in the world.

Website: www.alexcoresource.com

Forward-Looking Statements

Some statements ("forward-looking statements") in this news release contain forward-looking information concerning Alexco's anticipated results and developments in Alexco's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the consummation and timing of the transaction; approval by Securityholders; the satisfaction of the conditions precedent to the transaction; and timing, receipt and anticipated effects of court, regulatory and other consents and approvals. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, the risk that the Arrangement may not close when planned or at all or on the terms and conditions set forth in the Arrangement Agreement; the failure of the Company and Hecla to obtain the necessary regulatory, Court, securityholder, and other third-party approvals, or to otherwise satisfy the conditions to the completion of the Arrangement, in a timely manner, or at all, may result in the Arrangement not being completed on the proposed terms, or at all; changes in laws, regulations and government practices; if a third party makes a Superior Proposal (as defined in the Arrangement Agreement), the Arrangement may not be completed and the Company may be required to pay the Termination Fee; if the Arrangement is not completed, and the Company continues as an independent entity, there are risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an impact on the Company's current business relationships and could have a material adverse effect on the current and future operations, financial condition and prospects of the Company; future prices of silver, gold, lead, zinc and other commodities; market competition; and the geopolitical, economic, permitting and legal climate that we operate in. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, assumptions as to the ability of Alexco and Hecla to receive, in a timely manner and on satisfactory terms, the necessary regulatory, Court, securityholder and other third party approvals; the satisfaction of the conditions to closing of the Arrangement in a timely manner and completion of the Arrangement on the expected terms; the expected adherence to the terms of the Arrangement Agreement and agreements related to the Arrangement Agreement; the adequacy of our and Hecla's financial resources; favourable equity and debt capital markets; and stability in financial capital markets. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

View original content: https://www.prnewswire.com/news-releases/alexco-obtains-interim-order-and-provides-transaction-update-301595742.html

SOURCE Alexco Resource Corp.

View original content: https://www.newswire.ca/en/releases/archive/July2022/28/c7756.html

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Alexco Resource Corp AXU NYSE:AXU Precious Metals Investing

AXU

Alexco Obtains Final Order for Plan of Arrangement from the Supreme Court of British Columbia and Provides Transaction Update

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that the Company has obtained a final order from the Supreme Court of British Columbia approving the previously announced acquisition of Alexco by 1080980 B .C. Ltd. (" 108 "), a subsidiary of Hecla Mining Company (NYSE: HL) (" Hecla ") by way of a plan of arrangement (the " Arrangement "). Under the terms of the Arrangement, Alexco's shareholders (the " Shareholders ") will receive 0.116 common shares in the capital of Hecla for each Alexco share held (the " Consideration ").

The Arrangement remains subject to the satisfaction or waiver of customary closing conditions and is expected to close on September 7, 2022 . Following completion of the Arrangement, the common shares of Alexco are expected to be delisted from the Toronto Stock Exchange and the NYSE American. An application is also expected to be made for the Company to cease to be a reporting issuer in the applicable jurisdictions upon closing of the Arrangement.

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Alexco Announces Securityholder Approval of the Plan of Arrangement at Special Meeting and Provides Transaction Update

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announced today that the Company's Securityholders (as defined below) approved the previously announced acquisition of Alexco by 1080980 B .C. Ltd. (" 108 "), a subsidiary of Hecla Mining Company ( NYSE: HL ) (" Hecla ") by way of a plan of arrangement (the " Arrangement ") at a special meeting of Securityholders held earlier today (the " Meeting ").

The special resolution approving the Arrangement was approved by (i) 92.04% of the votes cast by Alexco's shareholders (the " Alexco Shareholders ") present or represented by proxy at the Meeting; (ii) 92.92% of the votes cast by Alexco Shareholders, optionholders, restricted share unit holders and deferred share unit holders of Alexco (collectively, " Securityholders "), voting as a single class, present or represented by proxy at the Meeting; and (iii) 91.50% of votes cast by Alexco Shareholders other than votes attached to Alexco shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions .

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A SECOND INDEPENDENT PROXY ADVISORY FIRM, GLASS LEWIS RECOMMENDS ALEXCO SHAREHOLDERS VOTE FOR THE PROPOSED TRANSACTION WITH HECLA

The deadline to vote is at 10:00 am (Pacific Time) on Friday , August 26, 2022.
For any questions, please contact Alexco's proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-304-0211 outside North America) or email assistance@laurelhill.com.

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that a second independent, third-party proxy advisory firm, Glass Lewis & Co. LLC (" Glass Lewis ") has recommended Alexco shareholders (" Alexco Shareholders ") vote "FOR" the proposed acquisition of Alexco by 1080980 B .C. Ltd. (" 108 "), a subsidiary of Hecla Mining Company (" Hecla ") at the upcoming special meeting of securityholders to be held on Tuesday, August 30, 2022 at 10:00 a.m. (Pacific Time) (the " Meeting ").

At the Meeting, securityholders will be asked to consider and, if deemed advisable, pass a special resolution (the " Arrangement Resolution ") to approve an arrangement (the " Arrangement "), in accordance with the terms of an arrangement agreement entered into by the Company and Hecla on July 4, 2022 , as assigned and amended (the " Arrangement Agreement ") pursuant to which 108 will acquire all of the issued and outstanding common shares of Alexco (the " Alexco Shares ") that it does not already own by way of a statutory plan of arrangement under the Business Corporations Act ( British Columbia ). Under the terms of the Arrangement, Alexco Shareholders will receive 0.116 common shares in the capital of Hecla (each common share, a " Hecla Share ") for each Alexco Share held (the " Consideration ").

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INDEPENDENT PROXY ADVISORY FIRM ISS RECOMMENDS ALEXCO SHAREHOLDERS VOTE FOR THE PROPOSED TRANSACTION WITH HECLA

The deadline to vote is at 10:00 am (Pacific Time) on Friday , August 26, 2022.
For any questions, please contact Alexco's proxy solicitation agent and communications advisor, Laurel Hill Advisory Group, toll free at 1-877-452-7184 (+1-416-304-0211 outside North America ) or email assistance@laurelhill.com .

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS") has recommended Alexco shareholders ("Alexco Shareholders") vote "FOR" the proposed acquisition of Alexco by 1080980 B .C. Ltd. ("108"), a subsidiary of Hecla Mining Company ("Hecla") at the upcoming special meeting of securityholders to be held on Tuesday, August 30, 2022 at 10:00 a.m. (Pacific Time) (the "Meeting").

At the Meeting, securityholders will be asked to consider and, if deemed advisable, pass a special resolution (the "Arrangement Resolution") to approve an arrangement (the "Arrangement"), in accordance with the terms of an arrangement agreement entered into by the Company and Hecla on July 4, 2022, as assigned and amended (the "Arrangement Agreement") pursuant to which 108 will acquire all of the issued and outstanding common shares of Alexco (the "Alexco Share") that it does not already own by way of a statutory plan of arrangement under the Business Corporations Act ( British Columbia ). Under the terms of the Arrangement, shareholders will receive 0.116 common shares in the capital of Hecla for each Alexco Share held.

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Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, announces that it has terminated the exclusivity agreement previously entered into with Mable and Fable Limited ("MFL") on September 26, 2024, due to MFL's failure to satisfy their funding obligations under the agreement.

By terminating the exclusivity agreement, the Company is now free to pursue multiple strategic opportunities (including partnerships, joint ventures and financings) that have emerged since the announcement of its recent iron ore discovery. Following that announcement, Zodiac Gold has received substantial interest from multiple parties regarding these high-potential assets. The Company intends to evaluate these opportunities with a view towards identifying how to best leverage its iron ore assets in one or more transactions that will maximize shareholder value. In parallel, Zodiac Gold intends to continue to build on the exploration success of its recently completed Alasala and Arthington drilling programs at its Todi Project.

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Riverside Resources Announces the Launch of Blue Jay Resources and Its Ontario Gold Project Portfolio

Intention to Spinout Blue Jay in 2025

Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company"), is pleased to announce the completed transfer of its three key Ontario gold properties: Pichette, Oakes, and Duc to its wholly-owned subsidiary, Blue Jay Resources Inc ("Blue Jay"). This move lays the groundwork for Riverside's strategic plan to advance its Ontario portfolio by establishing Blue Jay as a standalone exploration company. Blue Jay can fully focus on the exploration, discovery, and value-creation potential that these assets deserve. This structure provides Riverside shareholders with exposure to potential gains, while also paving the way for capital investment aimed at unlocking value in these properties.

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Grande Portage Announces First Closing of Non-Brokered Private Placement -- Pursuant to the Listed Issuer Financing Exemption

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") is pleased to announce that it has completed a first closing of its non-brokered private placement previously announced on October 30, 2024 for the sale of 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Offering is being carried out pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption (the "LIFE Exemption") to purchasers resident in Canada, and in jurisdictions outside of Canada in compliance with the applicable securities laws of those jurisdictions. The Company has an offering document (the "Offering Document") related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com. Except for one US accredited investor, all other investors participating in the first closing subscribed for Units under the LIFE Exemption, and the Units issued pursuant to the LIFE Exemption are not subject to any statutory hold period in Canada. However, the Units issued to the US accredited investor are subject to Rule 144 resale restrictions under applicable US securities laws and will bear a legend to that effect

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Beneficial Shareholder Shares held with a broker, bank or other intermediary	Registered Shareholders Shares held in own name and represented by a physical certificate	Option holders, DSU holders and RSU holders
www.proxyvote.com	www.investorvote.com	www.investorvote.com
Call or fax to the number(s) listed on your voting instruction form	Phone: 1-866-732-8683 Fax: 1-866-249-7775	Phone: 1-866-732-8683 Fax: 1-866-249-7775
Return the voting instruction form in the enclosed envelope	Return the YELLOW form of proxy in the enclosed postage paid envelope	Return the GREEN form of proxy in the enclosed postage paid envelope

Location:	Blake, Cassels & Graydon LLP
	Suite 2600, 595 Burrard Street
	Vancouver, British Columbia, V7X 1L3

Date:	Tuesday, August 30, 2022

Time:	10:00 am (Pacific Time)

Beneficial Shareholder Shares held with a broker, bank or other intermediary	Registered Shareholders Shares held in own name and represented by a physical certificate	Option holders, DSU holders and RSU holders
www.proxyvote.com	www.investorvote.com	www.investorvote.com
Call or fax to the number(s) listed on your voting instruction form	Phone: 1-866-732-8683 Fax: 1-866-249-7775	Phone: 1-866-732-8683 Fax: 1-866-249-7775
Return the voting instruction form in the enclosed envelope	Return the YELLOW form of proxy in the enclosed postage paid envelope	Return the GREEN form of proxy in the enclosed postage paid envelope

Operations	Q2 2022	Q1 2022	YTD 2022
Ore tonnes mined	10,910	8,092	19,002
Ore tonnes milled	12,318	7,609	19,927
Mill throughput (tonnes per operating day) ¹	397	317	362
Ore tonnes stockpiled	0	1,849	0
Underground development meters	302	81	383

Head grade
Silver (grams per tonne ("g/t"))	515	357	454
Lead	1.4 %	1.1 %	1.3 %
Zinc	2.6 %	2.4 %	2.5 %

Recoveries
Silver	94 %	93 %	94 %
Lead in lead concentrate	81 %	87 %	83 %
Zinc in zinc concentrate	74 %	63 %	70 %

Concentrate production and grades
Lead concentrate produced (tonnes)	351	227	578
Silver grade (g/t)	15,817	10,369	13,681
Lead grade	40 %	33 %	38 %
Zinc concentrate produced (tonnes)	499	247	746
Silver grade (g/t)	760	774	765
Zinc grade	48 %	47 %	48 %

Contained metal in concentrate produced
Silver (ounces)	190,930	81,725	272,655
Lead (pounds)	312,778	165,086	477,864
Zinc (pounds)	532,200	255,515	787,715

Financials (expressed in thousands of Canadian dollars, except per share amounts)	Q2 2022	Q1 2022	YTD 2022
Revenues – Mining operations	3,528	2,052	5,580
Revenues – Reclamation management	424	744	1,168
Operating Loss	(105,662)	(6,251)	(111,913)
Adjusted Loss Before Taxes ²	(4,576)	(6,140)	(10,716)
Cash and cash equivalents	8,901	5,637	8,901
Net Working Capital ²	(6,368)	(7,070)	(6,368)
Adjusted Net Loss ²	(4,269)	(5,702)	(9,971)
Net Loss	(95,062)	(11,314)	(106,376)

Shareholders
Basic and diluted net income (loss) per common share	(0.59)	(0.07)	(0.67)
Adjusted basic and diluted loss per common share ²	(0.03)	(0.04)	(0.06)

Total assets ³	132,206	212,461	132,206
Total non-current liabilities	6,399	6,559	6,399

1.	Mill throughput (tonnes per operating day) is based on the number of days that the mill was operational during the period. The mill was operational for 31 days and 62 days during Q2 2022 and Q2 2021 and for 55 days and 98 days during YTD 2022 and YTD 2021, respectively.
2.	See "Non-GAAP Measures" in the MD&A for the three and six month periods ended June 30, 2022.
3.	Total assets decreased primarily due to a write-down of mineral properties, plant and equipment
4.	Sum of quarters may not add up to the yearly totals due to rounding.

Hole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Cu (%)	AuEq (g/t) ¹	ZONE
	87.0	87.8	0.8	0.144	16.9	0.20	0.522
	124.2	144.7	20.5	0.512	1.7	0.00	0.481
incl	138.0	143.2	5.2	1.413	1.0	0.00	1.283
	151.4	152.3	0.9	1.300	5.8	0.01	1.232
CR-24-001	214.0	220.0	6.0	0.040	3.5	0.11	0.198
	239.3	241.3	2.0	0.465	34.3	0.40	1.196
	265.6	267.0	1.4	0.100	12.9	0.07	0.293
	328.5	330.6	2.1	0.469	28.1	0.19	0.910
	347.3	348.3	1.0	0.370	32.6	0.16	0.824
CR-24-002	20.0	21.0	1.0	0.280	10.1	0.02	0.366
	276.8	281.5	4.7	0.190	4.8	0.00	0.221
	13.9	33.0	19.1	0.394	9.9	0.39	0.887	Green Manalishi
CR-24-003	76.0	90.0	14.0	0.097	21.9	0.14	0.455	GM2
	96.0	97.0	1.0	0.274	11.6	0.12	0.488
	101.0	102.0	1.0	0.199	7.7	0.11	0.379
	3.0	4.5	1.5	0.367	11.1	0.39	0.872
	12.0	33.0	21.0	0.179	8.4	0.39	0.686	Green Manalishi
incl	20.0	25.5	5.5	0.543	22.1	0.98	1.806	Green Manalishi
CR-24-004	76.3	88.0	11.7	0.016	2.8	0.02	0.065	GM2
	94.5	95.5	1.0	0.165	6.5	0.98	1.319
	118.5	119.5	1.0	0.552	23.6	0.07	0.806
	9.3	32.0	22.7	0.116	3.3	0.19	0.349	Green Manalishi
incl	20.7	25.3	4.6	0.420	6.3	0.46	0.957	Green Manalishi
CR-24-005	96.0	99.0	3.0	0.042	4.6	0.04	0.131	GM2
	140.0	141.5	1.5	0.079	13.9	0.04	0.253
	192.0	193.5	1.5	1.790	30.4	0.00	1.908
	24.0	28.2	4.2	0.031	1.7	0.10	0.152	GM3
CR-24-006	54.0	60.7	6.7	0.097	2.7	0.11	0.242	Green Manalishi
	98.5	100.0	1.5	0.279	12.8	0.03	0.404
	17.0	25.5	8.5	0.141	3.1	0.12	0.297	GM3
CR-24-007	47.7	49.3	1.6	0.161	9.3	0.16	0.417
	56.8	58.3	1.5	5.440	21.1	1.89	7.224	Green Manalishi
	66.7	68.0	1.3	0.048	8.5	0.24	0.394
	12.0	14.0	2.0	0.068	5.0	0.02	0.128
	37.0	44.0	7.0	0.038	12.2	0.02	0.168	GM3
CR-24-008	58.0	76.0	18.0	0.083	2.3	0.06	0.160	Green Manalishi
incl	71.3	76.0	4.7	0.159	6.1	0.17	0.389	Green Manalishi
	86.0	87.0	1.0	2.250	5.6	0.13	2.220
CR-24-009	6.0	26.5	20.5	0.053	4.3	0.05	0.144	GM2

No Hole	UTM Nad83 Zone 9		Elevation (m)	Azimuth	Dip	Length (m)
No Hole	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
CR-24-001	539084	6071504	1910	320	-50	447
CR-24-002	539084	6071504	1910	270	-50	381
CR-24-003	539720	6071515	1847	270	-45	200
CR-24-004	539720	6071515	1847	250	-50	204
CR-24-005	539720	6071515	1847	230	-50	216
CR-24-006	539795	6071509	1826	270	-45	252
CR-24-007	539795	6071509	1826	242	-45	255
CR-24-008	539795	6071509	1826	305	-45	135
CR-24-009	539605	6071520	1851	275	-45	139

ALEXCO OBTAINS INTERIM ORDER AND PROVIDES TRANSACTION UPDATE

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