Alder Resources Ltd.
TSX VENTURE : ALR

April 17, 2008 17:56 ET

West Virginia Wells Drilling and Being Completed and Alder Increases Participation by Three Wells

TORONTO, ONTARIO--(Marketwire - April 17, 2008) - Alder Resources Ltd. (the "Company") (TSX VENTURE:ALR) announced, in its News Release dated January 14, 2008, its 15% working interest participation in a 7 well natural gas drilling program in West Virginia, U.S.A. The Operator has reported to the Company on the status of the drilling program - as follows:



Well No. Status
----------------------------------------------------------------

257 Drilling
259 Drilling completed and waiting on pipeline connection
260 Drilling completed and waiting on pipeline connection
261 Drilling completed awaiting fracing
262 Drilling completed and waiting on pipeline connection
263 Drilling completed and waiting on pipeline connection
267 Drilling


Epsilon Energy U.S.A. Inc. - from which the Company took the farmout of the interests - has advised the Company that the wells waiting on pipeline connections have been determined to be productive. However, until the wells are connected and producing into the pipeline, the volume of production will not be known. As the wells are located in a producing natural gas field the pipeline connections are relatively short and available.

ALDER RESOURCES LTD.

Bruce Ford, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.

Contact Information

  • Alder Resources Ltd.
    Bruce Ford
    President
    416-362-8110
    (416) 362-8121 (FAX)