Alder arranges $3-million private placement

Alder Resources Ltd. intends to complete a non-brokered private placement financing of 12 million common shares of the company at a price of 25 cents per share for gross proceeds of $3-million.

The company intends to use the net proceeds to finance work on the La Montanita gold property in Colombia -- which was the subject of the company's news in Stockwatch dated April 7, 2010 -- as well as other property acquisitions in Colombia.

The company may pay finders' fees in connection with the financing.

The shares will be subject to statutory resale restrictions. Closing of the financing is subject to receipt of TSX Venture Exchange approval.

Finders' fees consisting of 200,000 shares of the company will be issued to each of two individuals who assisted the company in signing the letter of intent on the La Montanita gold property as announced in Stockwatch on April 7, 2010.