October 31, 2006 17:23 ET

Aldridge Minerals Inc. Announces New CFO and Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2006) - Aldridge Minerals Inc. ("Aldridge") (TSX VENTURE:AGM) is pleased to announce the appointment of Kim Evans as the Chief Financial Officer and Corporate Secretary of Aldridge effective November 1, 2006. Ms. Evans has several years experience in the mining industry, and has served as an officer and director of several TSX-V listed public companies. Ms. Evans is a Certified General Accountant and has 10 years experience providing financial, accounting and management services to public and private companies.

Aldridge is also pleased to announce a grant of stock options to its directors, officers and consultants to purchase an aggregate total of 160,000 common shares in the capital of Aldridge at a price of $1.80 per share for a period of five years after the date of grant. Any common shares issued upon exercise of the options, are subject to a four month hold period pursuant to the policies of the TSX Venture Exchange. The options are subject to the terms of Aldridge's Stock Option Plan, which has been approved by shareholders of Aldridge and the TSX Venture Exchange.

Aldridge is active in the exploration and development of gold and base metal projects in Turkey.

On behalf of the Board of Directors

Hikmet Akin, President and a director

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

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