Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
announce appointment of Marcelo Albuquerque as the Vice President, Exploration
of the Company. Mr. Albuquerque brings over twenty years of experience to the
Alder team. Prior to joining Alder, Mr. Albuquerque served as the country
manager of Colombia for Vale SA. Mr. Albuquerque holds a degree in Geology from
Brasilia University, as well as an MBA from Fundacao Dom Cabral. Mr. Albuquerque
is fluent in English, Spanish and Portuguese.


In connection with his appointment, Mr. Albuquerque has been granted 400,000
stock options of the Company. The options have an exercise price of $0.30 and
will vest in quarterly installments over a two year period, subject to a
statutory four month hold period. The options will expire on January 26, 2015
and are subject to receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange.


Mr. Albuquerque replaces Mr. Will Randall, as the former Vice President,
Exploration of the Company. The Company would like to thank Mr. Randall for his
work in this role. Mr. Randall will remain on the Board of Directors of the
Company.


The Company also announces that it has entered into a non-binding letter
agreement with a private party to acquire an 80% interest in certain claims
comprising approximately 2,900 hectares located in the Antioquia area of
Colombia. The asset is located approximately 32 kilometres from Medellin and
already has internal roads to facilitate exploration logistics. Rene Bharti,
President and CEO of the Company states, "We believe this strategic acquisition
of approximately 2,900 hectares of land in a highly prospective gold region will
greatly complement our existing land package in Colombia."


The Company has received assay results from five (5) drill holes drilled at its
La Montanita property, being MO-10-01 to MO-10-04 and MO-10-07 which indicated
results from five samples within the range of 0.1 to 0.3 g/t Au and one sample
at 2.5 g/t Au. While the assay results indicate no significant gold
mineralization at this point, the Company is awaiting results of the remaining
samples and will report as soon as they are received.


Alder remains focused on making accretive acquisitions for the Company to build
on its La Montanita asset in Colombia. Management of the Company believes the
addition of Marcelo Albuquerque as its new Vice President, Exploration will make
the Company a well rounded Colombian player. The Company remains motivated by
its healthy balance sheet and capital structure, which management believes, will
allow the Company to further in increase the scope of its land package in
Colombia in the upcoming months.


In addition, the Company would like to announce that it has appointed Don Dudek,
P.Geo to the Board of Directors of the Company. Mr. Dudek will be an independent
member of the Board. Mr. Dudek currently serves as the VP Exploration for Avion
Gold Corporation, and brings over 30 years of experience to the board. In
addition, Mr. Dudek has been granted 100,000 stock options of the Company. The
stock options have an exercise price of $0.30 and will vest immediately, subject
to a statutory four month hold period. The options will expire on January 26,
2015 and remain subject to receipt of all necessary regulatory approvals,
including the approval of the TSX Venture Exchange.


Will Randall and Marcelo Albuquerque, qualified persons under NI 43-101, have
reviewed and approved the scientific and technical information in this press
release.


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 (See Map at
http://media3.marketwire.com/docs/alr0127.pdf).


Cautionary Note Regarding Forward-looking Information

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.


(TSXV:ALR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more  Charts.
(TSXV:ALR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more  Charts.