Alder Receives IP Survey Results and Provides Drill Update

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
announce that it has received the final interpretation of the results of the
induced polarization ("IP") survey conducted over the prospective areas of La
Montanita project ,located in Colombia. Interpretation of the results indicate
at least ten anomalies that are coincident with areas of historical artisanal
underground and surface workings. These anomalies delineate a prospective area
of approximately 300 by 400 metres. Please refer to Figure 1 for an example of
the anomalies detected as a result of the survey.


William Randall, VP Exploration, commented, "We believe the positive results of
the IP survey are an excellent indicator of gold mineralization on the project.
We now have a series of anomalies to target during the drill program as well as
hundreds of metres of underground artisanal workings that have now been traced
to depths of over 30 metres below surface. We are looking forward to receiving
the first results of the drill program."


Rene Bharti, President and CEO, added, "The drill program is progressing well.
Four diamond drill holes have been completed to date with a fifth underway.
Assay results from the first holes are expected within 20 days."


The IP survey was completed by MIBEX (Mining Business and Exploration), a
geological services company with offices in Bogota, Colombia. Interpretation of
these results was also carried out by the same contractors.


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


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 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the IP survey, the
anticipated timing with respect to the drill results, statements made with
respect to the drill program being conducted with respect to the property, , the
property, 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.


To view Figure 1, please click on the following link:
http://media3.marketwire.com/docs/a1116.pdf