ALR

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) announces that
it has completed a first tranche of its previously announced non-brokered
private placement financing by issuing 8,735,000 units (the "Units") at a price
of $0.05 per Unit for aggregate gross proceeds of $436,750. Each Unit consists
of one common share of the Company and one-half of one share purchase warrant (a
"Warrant"). Each whole Warrant entitles the holder thereof to acquire one common
share of the Company at an exercise price of $0.10 per common share for a period
of 24 months from the date hereof. 


Alder intends to close a second tranche of the financing on the same terms on or
before April 30, 2013 for total gross proceeds, together with the first tranche,
of up to $1,000,000. 


In connection with the closing of the first tranche of the financing, the
Company will pay cash finders' fees totaling $6,000. 


The common shares forming part of the Units and the Warrants will be subject to
a four month hold period that expires on July 22, 2013. 


The Company intends to use the proceeds from the sale of the Units to fund
exploration activities of the Company and for general corporate purposes. 


The private placement remains subject to final acceptance by the TSX Venture
Exchange.


About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal
projects throughout the Americas. Alder's current high priority Cu-Au-Ag
porphyry target is the Rosita project in Nicaragua located 275 kilometres
northeast of Managua. The company has a current Inferred mineral stockpile
resource of 7.95 million tonnes grading 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag
with numerous zones that have good near term potential to add to and enhance
these resources. See the technical report entitled "Rosita Cu-Au-Ag Project,
RAAN, Nicaragua, NI 43-101 Technical Report on Mineral Resource Estimate of
Rosita Stockpiles" effective as of May 8, 2012, which is available under the
Company's profile at www.sedar.com. Alder is also highly encouraged by recent
trench results that, in conjunction with previous drill results from the
Tipispan area, support management's belief of a large, untested,
copper-gold-silver porphyry/skarn system locally overlain by a high grade,
supergene enriched, oxide blanket.


In August 2011, Alder entered into an option agreement to acquire a 65% interest
in the Rosita D concession from Calibre Mining Corp. by issuing 1,000,000 shares
and incurring expenditures of $4,000,000 over four years. To date Alder has
incurred more than half of the $4,000,000 earn-in obligation.


Alder intends to continue to build its property position with strategic
acquisitions. 


For additional information, please visit our website at www.alderresources.ca
and follow us on Facebook and Twitter: @AlderResources.


Qualified Person

Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder
and a qualified person as defined by NI 43-101, has reviewed and approved the
scientific and technical content of this news release.


Alder Resources Ltd.

Joseph Arengi, President & CEO

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 Company's exploration
prospects. 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 Alder 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 operations in foreign jurisdictions; ability to successfully
integrate the purchased properties; and other risks inherent in the mining
industry. Although Alder 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. Alder
does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF
AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES, IN ANY
JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.
THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"), OR ANY STATE
SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO,
OR FOR THE ACCOUNT OR BENEFIT OF, "U.S. PERSONS," AS SUCH TERM IS DEFINED IN
REGULATION S UNDER THE U.S. SECURITIES ACT, UNLESS AN EXEMPTION FROM SUCH
REGISTRATION IS AVAILABLE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alder Resources Ltd.
Michael McAllister
416-309-2134
info@alderresources.ca
www.alderresources.ca

(TSXV:ALR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

(TSXV:ALR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024