Alder Resources Ltd.
TSX VENTURE : ALR

July 15, 2010 09:08 ET

Alder Appoints Rene Bharti as President and CEO and Ryan Ptolemy as CFO

TORONTO, ONTARIO--(Marketwire - July 15, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Alder Resources Ltd. (TSX VENTURE:ALR) ("Alder", or the "Company") is pleased to announce the appointment of Rene Bharti as President, Chief Executive Officer and a member of the Board of Directors of the Company and the appointment of Ryan Ptolemy as Chief Financial Officer.

"We are very excited about the addition of Rene and Ryan to the team at Alder." stated Bruce Ford, Chairman of the Board of Directors of the Company. "Their collective experience in mining industry will assist us in the development of our assets and will contribute to the success of the Company as we move forward".

Mr. Rene Bharti has held roles in several public and private companies, including those in the resource, and other sectors. Mr. Bharti holds a Bachelor of Commerce (Honours) degree from Queen's University, Canada. Mr. Bharti's experience in the mining industry will be important for the company's development of its projects in Colombia.

Mr. Ryan Ptolemy is a Certified General Accountant and CFA charter holder. Mr. Ptolemy is also currently CFO of Rodinia Lithium Inc. and the CFO of Belo Sun Mining Corp.. From August 2005 to September 2009, Mr. Ptolemy was at an independent investment dealer in Toronto, most recently serving as CFO where he was responsible for financial reporting, auditing, budgeting and internal controls.

The appointment of Mr. Bharti follows the resignation of Mr. Bruce Ford who will continue to serve as a member of the Board of Directors. The appointment of Mr. Ryan Ptolemy follows the resignation of Mr. Carl Jonsson who will continue to serve as the Company's Corporate Secretary and a member of the Board of Directors.

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms of the financing, regulatory approval of the financing, outcome of the strategic review, and the planned use of proceeds. 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 statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. 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 risks described in the public record of the Company posted under the profile of the Company on SEDAR at www.sedar.com. Although management of 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 statements 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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Contact Information

  • Alder Resources Ltd.
    Bruce Ford
    416-861-5813