April 07, 2009 19:11 ET

Aldridge Announces Payment of Dividends Pursuant to Uranium Spinoff

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2009) - Further to the news release dated December 30, 2008, Dr. Hikmet Akin, President of Aldridge Minerals Inc. ("Aldridge") (TSX VENTURE:AGM)(FRANKFURT:A0CAPB) is pleased to announce that pursuant to Aldridge's spinoff transaction of uranium assets in Turkey (the "Uranium Spinoff"), Aldridge has distributed one common share of Aldridge Uranium Inc. ("Aldridge Uranium") for every two common shares of Aldridge held as of the end of the trading day on December 31, 2008. The Aldridge Uranium shares were distributed by way of an in specie dividend and not a return of capital. The reorganization of Aldridge contemplated by the Uranium Spinoff was approved by the shareholders of Aldridge on May 1, 2008.

The Aldridge Uranium shares will be forwarded to shareholders from Aldridge Uranium's transfer agent, Computershare Trust Company.

About Aldridge Minerals

Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where it is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project.

Aldridge has also identified several other prospective opportunities in Turkey and has amassed a large property position, where a systematic exploration program is underway.

On behalf of the Board of Directors

DR. HIKMET AKIN, President and Director

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.

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