ALR

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) has sold to
Forbes & Manhattan, Inc. ("Forbes") a 0.5% net smelter returns royalty on
Alder's interest in the Rosita property in Nicaragua (the "Royalty").


Don Dudek, Chairman and CEO of Alder, stated: "The sale of a royalty at this
stage of development supports management's views regarding the perceived
commercial value of the existing stockpile inferred resource, which consists of
7.95 million tonnes averaging 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag, and the
overall potential of the property."


Alder granted the Royalty to Forbes in settlement of dated accounts payable
totaling $508,500 owing to Forbes on account of advisory fees payable by Alder
pursuant to a consulting agreement between Alder and Forbes (the "Consulting
Agreement"). The Royalty becomes effective upon Alder earning a 65% interest in
the Rosita property pursuant to the option agreement between Alder and Calibre
Mining Corp. However, in the event that Alder fails to exercise its option to
acquire the Rosita property, Alder is required to pay Forbes an amount equal to
$508,500 plus $15,000 multiplied by the number of months that have passed
between the date of the Royalty Agreement and the date on which the option
expires unexercised, is abandoned or is terminated. Alder can re-purchase the
Royalty at any time by paying Forbes $1,508,500 in cash.


The Consulting Agreement with Forbes has been terminated.

Metallurgical Testing of Stockpiles

Three samples of stockpile and tailings have been sent to SGS Lakefield for
metallurgical testing with an overall goal of determining how much gold, copper
and silver can be extracted in the most cost effective way possible. The goal of
the stockpile test work is to first determine what percentage of the copper can
be leached. A second test is designed to determine how much of the copper, gold
and silver can be leached from the same sample. The two tailings samples will be
subjected to gravity concentration to determine how much gold and copper can be
recovered. Results are expected in August.


About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal
projects throughout the Americas. Alder's exploration program is focused on the
Rosita project in Nicaragua located 275 kilometres northeast of Managua. The
company has current stockpile Inferred mineral resources of 7.95 million tonnes
grading 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag. 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.


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 approximately $3.4 million of the $4.0 million obligation and has until
October 2015 to incur the remaining project expenditures.


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


Qualified Person

Don Dudek, P. Geo., Alder's President and CEO and a qualified person as defined
by NI 43-101, has reviewed and approved the scientific and technical content of
this news release.


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 potential commercial
value and overall potential of the Rosita property. 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, as the case
may be, 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 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.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alder Resources Ltd.
Michael McAllister
Manager, Investor Relations
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