Aldershot Resources Ltd.

Aldershot Resources Ltd.

April 27, 2007 09:30 ET

Aldershot Resources Closes $5 Million Financing and Prepares for Drilling

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2007) -


Aldershot Resources (TSX VENTURE:ALZ) is pleased to announce the closing of the over subscribed private placement brokered by Northern Securities Inc. ("Northern") of Toronto previously announced on February 26, 2007 and March 23, 2007, as well as the commencement of the Company's 2007 uranium drilling program.

The terms of the Agency Agreement with Northern provided an over-allotment option that Northern has fully exercised and resulted in the successful raising of $5,000,000 for the Company. Aldershot has issued an aggregate of 18,518,519 units at a price of $0.27 per unit, with each unit consisting of one common share of the Company and one common share purchase warrant exercisable for two years at a price of $0.42 per share. Aldershot paid Northern and members of its selling group a commission equal to 10% of the aggregate gross proceeds of the offering and issued 10% broker warrants, with each broker warrant exercisable into one agent's unit at $0.27 per unit for two years. Each agent's unit has the same terms as the units issued pursuant to the offering. The securities have now been issued and have a hold period expiring August 27, 2007.

The Company is very pleased to have had this opportunity to work with Northern and found Northern's entire team to be thoroughly professional in the execution of the financing. Management is looking forward to a very exciting future as it goes about its business executing the work programs for the summer of 2007.

Aldershot is also pleased to announce that it is mobilizing equipment, fuel, crews and a diamond drill to its Adelaide River Uranium Mine located at the northern end of its George Creek tenement near Batchelor in the Northern Territory of Australia. The Company expects the diamond drill program to start early next week, several weeks ahead of schedule. The property covers the historical Adelaide River and George Creek Prospects. These prospects are vein-type uranium deposits in the Pine Ck Orogen which hosts Rum Jungle, South Alligator and East Alligator uranium deposits. The Rum Jungle Field is 30km to the north. Recent sampling in the area returned up to 0.1309% U3O8 and 2.72 g/t gold from the Adelaide River Mine area and 0.1274% U3O8 from the George Creek Prospect.

About Aldershot Resources Ltd.

Aldershot Resources, based in Vancouver, Canada, is a uranium exploration company currently with projects in Northern Territory, Western Australia, Quebec and Zambia. Shares of the Company are listed for trading on the TSX Venture Exchange and there are approximately 59.4 million shares outstanding.



Jeremy Caddy, President and Director

This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein. Information in this report, insofar as it relates to resources' estimation and exploration activities, is based on information compiled by Ian Faris who is the Company's senior uranium geologist and who has more than ten years experience in the field of the activity being reported on. This report accurately reflects the information compiled by this Professional Engineer.

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Cautionary Language and Forward-Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. Any public offering of securities in the United States must be made by means of a prospectus that contains detailed information about the Company and its management, as well as financial statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

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