Alexco's corporate strategy is to progressively grow shareholder value. In 2011 the Company achieved a significant milestone with the start of commercial silver production at its Bellekeno Mine. Although currently in suspension of operations, Alexco continues to enhance shareholder value by identifying new high-grade silver deposits at its exploration properties in the Keno Hill Silver District, leveraging its exposure to silver and developing and improving the profitability of its services business. Using expertise from its mine site remediation business, Alexco has positioned itself to take advantage of opportunities in the resource industry by acquiring properties with manageable remediation and regulatory risk that also host considerable exploration and property development potential. Alexco strives to be the top contender in this field, and will continue to forge business alliances to ensure the Company remains a technical and competitive leader.