Alexco Announces The Filing Of Management Information Circular In Connection With Special Meeting To Approve Acquisition By Hecla

 Alexco Resource Corp. (NYSE:AXU) (TSX:AXU) ("Alexco" or the "Company") announced today that it has filed and mailed the management information circular dated July 28, 2022 (the "Circular") and related meeting materials (collectively, the "Meeting Materials") for its special meeting (the "Meeting") of shareholders (the "Shareholders"), optionholders, restricted share unit holders, and deferred share unit holders of Alexco (collectively, the "Securityholders") to be held on August 30, 2022, at 10:00 am (Pacific Time) (the "Meeting") in connection with the proposed business combination with Hecla Mining Company (NYSE:HL) ("Hecla"), announced on July 5, 2022.

The Meeting Materials contain important information regarding the Transaction, how Securityholders can attend and vote at the Meeting, that the Transaction is in the best interests of the Company and is fair to Shareholders, and the background that led to the Transaction and the reasons for the unanimous determinations of the special committee of independent Alexco directors (the "Special Committee") and the board of directors of Alexco (the "Board"). The Meeting Materials have been filed by the Company on SEDAR and EDGAR and are available under the Company's profile at www.sedar.com and on EDGAR at www.sec.gov. The Meeting Materials are also available on the Company's website at Alexco - Investors - Special Meeting of Shareholders (https://alexcoresource.com/investors/special-meeting-of-shareholders/).