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ALR

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Share Name Share Symbol Market Type
TSXV:ALR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Alder Announces Appointment of the Honorable Pierre Pettigrew, p.c. to the Board of Directors

02/09/2010 12:20am

Marketwired Canada


Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
announce the appointment of the Honorable Pierre Pettigrew, p.c. to the Board of
Directors of the Company. The Honourable Pierre Pettigrew, p.c. has had a
distinguished career with success in both public and private sectors. From
January 1996 to February 2006, he served as a Member of Parliament. Most
notably, he led a number of senior government departments in his ten years as a
minister in successive federal Canadian governments. Among other positions, he
has served Canada as the Minister of Foreign Affairs, Minister for International
Trade and the Minister for International Cooperation. He is now with Deloitte &
Touche LLP in the role of Executive Advisor, International. Prior to entering
national politics, Pierre Pettigrew was the Vice President of Samson Belair
Deloitte & Touche International (Montreal), where he acted as an international
business consultant. 


Mr. Pettigrew states, "I've been very impressed over the last few years by the
progress Colombia has made toward significant political stability and
substantial economic progress. Mining in Colombia, as it has been in Canada, is
at the heart of its future. I'm delighted to join Alder's board as it is poised
to take advantage of its good mining code and contribute to a stable development
of a country in our hemisphere."


In conjunction with the Mr. Pettigrew's appointment, Alder has issued a total of
1.3 million stock options under the stock option plan of the Company to various
officers, consultants and directors of the Company. The options shall vest
immediately and are exercisable at $0.35 per option, expire on August 31, 2015
and remain subject to receipt of all necessary regulatory approvals, including
the approval of the TSX Venture Exchange. 


About Alder Resources

Alder Resources is a Colombian-based company focused on gold development at its
La Montanita property 40 km northeast of Medellin, as well as accretive
acquisitions in the area. The La Montanita property is approximately 80 km from
Continental Gold's Buritica asset. The Company also holds an option to acquire a
60% interest in Cariboo Rose's Canadian Creek Mineral Property located in the
Whitehorse Mining District of the Yukon Territory, which is 160 km south of
Dawson City, Yukon. 


Cautionary Note Regarding Forward-looking Information 

Will Randall, a Director of the Company and a qualified person under NI 43-101,
has reviewed the scientific and technical information in this press release. 


This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding mining in Colombia,
statements with respect to the development potential and timetable of the
property of the Company; the potential to identify mineral resources; the timing
and amount of estimated future exploration, success of mining activities; and
receipt of government approvals. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive, geopolitical and
social uncertainties; the actual results of current exploration activities;
risks associated with operation in foreign jurisdictions; ability to
successfully integrate the purchased properties; foreign operations risks; and
other risks inherent in the mining industry. Although the Company has attempted
to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.


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