Alder Resources Ltd.
TSX VENTURE : ALR

Alder Resources Ltd.

August 24, 2011 16:02 ET

Alder Announces Appointment of Don Dudek, as Chairman of the Board of Directors

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2011) - Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to announce the appointment of Don Dudek as Chairman of the Board of Directors. Mr. Dudek has held various roles with junior to senior exploration and mining companies over the past 30 years. Mr. Dudek currently serves as Senior Vice President Exploration of Avion Gold Corporation and had been Exploration Manager for Aur Resources Inc. During his time at Aur Resources he managed exploration programs in Mexico, Central America, Colombia and Ecuador. Mr Dudek also serves on the boards of Sulliden Gold Corporation and Bell Copper Corporation. Mr. Dudek holds a B.Sc. Geology (honors) from the University of Saskatchewan.

Rene Bharti, President and CEO of Alder states: "Alder Resources is happy to announce Mr. Dudek as the Chairman of the Board. We would like to thank Mr. Bruce Ford for his past role as chairman, and welcome Mr. Dudek, who bring several decades of experience in the mining industry. Mr. Dudek brings extensive experience in the copper and gold arenas, which will no doubt help bring out the value of the past producing Rosita asset in Nicaragua in respect of which Alder has recently signed an option agreement."

In connection with his appointment, Mr. Dudek has been granted 350,000 stock options of the Company. Each option may be exercised at a price of $0.10 per common share for a period of five years from the date hereof. The grant of options is subject to the receipt of approval of the TSX Venture Exchange.

About Alder Resources

Alder Resources is a resource company focused on the development of gold and base metal projects throughout Latin America. Current projects include its La Montanita gold property 40 km northeast of Medellin and the recently announced Rosita Project in Nicaragua located 275 km northeast of Managua. Alder will continue to build its property position with strategic acquisitions. The La Montanita property is approximately 80 km from Continental Gold's Buritica asset.

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 impact of the appointment on the Company; and the development potential and timetable of the properties of the Company. 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.

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