ALR

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
announce that it has initiated the previously announced work program designed to
accelerate project development its La Montanita property located 40 kilometres
northeast of Medellin, Colombia (the "Property"). Alder has signed a drill
contract for a minimum of 2500 metres drilling on the Property with Energold de
Colombia SAS; a Colombian drilling company with offices in Medellin (See Figure
1). 


The drill is immediately available and the Company expects that drilling on the
Property will begin within the following month. Rene Bharti, President and CEO
states, "We are excited to have an exploration program well underway, involving
sampling, geophysics, and geochemistry. With the drill contract signed, we hope
to begin unlocking the value of this existing asset."


Management has also secured shared office spaces in both Bogota and Medellin,
Colombia where a team of local consulting geologists and engineers will be
available to Alder when needed.


About Alder Resources: Alder Resources is a Colombian-based company focused on
gold development at its La Montanita property 40 km northeast of Medellin, as
well as accretive acquisitions in the area. The La Montanita property is
approximately 80 km from Continental Gold's Buritica asset. The Company also
holds an option to acquire a 60% interest in Cariboo Rose's Canadian Creek
Mineral Property located in the Whitehorse Mining District of the Yukon
Territory, which is 160 km south of Dawson City, Yukon.


Cautionary Note Regarding Forward-looking Information 

Will Randall, a Director of the Company and a qualified person under NI 43-101,
has reviewed the scientific and technical information in this press release. 


This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the commencement of the drill
program at the Property, statements with respect to the development potential
and timetable of the Property; the potential to identify mineral resources on
the Property; the timing and amount of estimated future exploration, success of
mining activities; and receipt of government approvals. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business,
economic, competitive, geopolitical and social uncertainties; the actual results
of current exploration activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased properties;
foreign operations risks; and other risks inherent in the mining industry.
Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/alr-fig1.pdf.

(TSXV:ALR)
Historical Stock Chart
From Jun 2024 to Jul 2024

(TSXV:ALR)
Historical Stock Chart
From Jul 2023 to Jul 2024