Alder Resources Ltd.

Alder Resources Ltd.

September 22, 2011 08:00 ET

Alder Announces Appointment of New President and Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to announce the appointment of Mr. Joseph Arengi as President and Chief Executive Officer of the Company, effective September 22nd, 2011. Mr. Arengi is an accomplished geologist with more than 35 years of exploration and operational experience throughout Canada, Central America, South America and Africa. Prior to joining Alder, Mr. Arengi was V. P. Exploration for Hana Mining Ltd. where he managed the team that discovered 4 billion pounds of copper and 60 million ounces of silver in the Kalahari Copper Belt of northwest Botswana.

Mr. Arengi holds a M.Sc. in Geology from the University of Toronto and a B.Sc. in Geology from the State University of New York. He is a registered member of the Association of Professional Geoscientists of Ontario (APGO) and a member of the Prospectors and Developers Association of Canada (PDAC).

Don Dudek, Chairman of the Board of Directors of Alder states: "I am pleased to welcome Mr. Arengi to the Alder team. Joe has spent 10 years working in Latin America and brings with him a wealth of practical operational and geological experience that will boost the development and growth of Alder's projects. I also wish to thank Mr. Bharti for his service to the Alder shareholders and his continued guidance as a member of Alder's Board of Directors."

The appointment of Mr. Arengi follows the resignation of Mr. Rene Bharti who will continue to serve as a member of the Board of Directors. The Company thanks Mr. Bharti for his service as President and Chief Executive Officer.

In connection with his appointment, Mr. Arengi has been granted 600,000 stock options of the Company, and in connection with the appointment of Mr. Josh Van Deurzen as Corporate Secretary of the Company on September 15, 2011, Mr. Van Deurzen has been granted 100,000 stock options of the Company. The options granted to Mr. Arengi and Mr. Van Deurzen may be exercised at a price of $0.135 per common share for a period of five years from the date hereof. The grants of options are subject to the receipt of approval of the TSX Venture Exchange.

About Alder Resources

Alder 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 Company's desire to continue to build its property position with strategic acquisitions. 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.

Neither the 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.

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