Alder Announces Approval of La Montanita Property Acquisition and Commencement of Work Program

  Alder Resources Ltd. (TSX VENTURE: ALR) ("Alder" or the "Company") is pleased to announce that it has received regulatory approval for the acquisition of an 80% interest in the La Montanita, Colombia, gold property ("Property") described in the Company's news releases dated May 18, 2010 and April 7, 2010. A National Instrument 43-101 compliant report on the Property includes sampling of underground Au veins with grades of up to 186.5 grams per tonne gold, 272 grams per tonne silver and 0.93 percent copper.

The Company has established contracts with local geologists and 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.

About Alder Resources

Alder Resources is a Canadian-based company focused on gold. In addition to recently acquired prospects in Colombia, the Company 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. The property is also 50 km southeast of the White Gold project owned by Underworld Resources Inc. and approximately 25 km southeast of Kaminak Gold Corp.'s Coffee property. The Canadian Creek claims cover an area of approximately 4,800 hectares.

Regulatory Notes

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 the completion of the acquisition, the prospective nature of the Project and the impact of the acquisition on the Company; statements with respect to the development potential and timetable of the Project; the potential to identify mineral resources on the Project; 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

Contacts: Alder Resources Ltd. Bruce Ford Director and President [phone] www.alderltd.ca