Alder Announces Approval Of La Montanita Property Acquisition And Commencement Of Work Program

Mr. Bruce Ford Reports

Alder Resources Ltd. has received regulatory approval for the acquisition of an 80-per-cent interest in the La Montanita, Colombia, gold property described in the company's news releases in Stockwatch dated May 18, 2010, and April 7, 2010. A National Instrument 43-101-compliant report on the property includes sampling of underground gold veins with grades of up to 186.5 grams per tonne gold, 272 grams per tonne silver and 0.93 per cent copper.

The company has established contracts with local geologists and has initiated a work program designed to accelerate project development on the property. The work program includes, in the following order, surveying of topography and underground workings within the mineralized area, soil geochemistry, underground sampling, and geophysics. Alder plans to use the results of this initial work to design a drill program and allow efficient use of funds and target maximization. Management is in negotiations with drill contractors and expects to secure the necessary rigs shortly.

We seek Safe Harbor.