ALR

Alder Resources Ltd. (TSX VENTURE:ALR) ("Alder") and Delavaco Energy Inc.
("Delavaco") have agreed to terminate the Business Combination Agreement
("Agreement") dated September 8, 2008 that they previously signed - and which
was disclosed in Alder's News Release dated September 9, 2008. The Agreement
contemplated the company created by the combination of Alder and Delavaco
securing funding of up to $100,000,000 for exploration and development of a
substantial portfolio of oil and gas properties owned or held under option by
Delavaco, located in Colombia, South America. As a result of the downturn in the
economy and the resultant decline of the stock market and of international
prices for oil and gas, the sources from which the funding was expected withdrew
their willingness to provide the funding. Consequently, Alder and Delavaco have
agreed that the Agreement had to be terminated.


Alder is applying for the reinstatement of the trading of its shares on the TSX
Venture Exchange.

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