Alder Resources Ltd.: Canadian Creek, Yukon; Gold Mineralization Discovered in New Targets

Alder Resources Ltd. (TSX VENTURE:ALR) and Cariboo Rose Resources Ltd. (TSX
VENTURE:CRB) are pleased to report the results of the drilling program on the
Canadian Creek Property, located in the Whitehorse Mining District of the Yukon
Territory 160 km south of Dawson City. The property is also 50 km southeast of
Underworld Resources Inc.'s White Gold project and adjacent to Western Copper
Corp.'s Casino Deposit. 


Ten core drill holes totaling 1,425 m were completed along a series of
gold-arsenic+/-antimony-bismuth soil geochemical and IP geophysical anomalies
that cover an area of over four km in length. The program was the first drill
test of these anomalies and confirmed the presence of auriferous
quartz-carbonate veins and clay altered structures hosted in gneisses and
granodiorite and monzonite intrusive rocks. All the drill holes returned
anomalous gold intercepts with the most significant intercepts listed in the
following table, all of which are from the eastern portion of the 2009
geochemical grid.


 

---------------------------------------------------
           From     To    (i)Interval  Gold  Silver
Hole ID      (m)    (m)            (m) (g/t)   (g/t)
---------------------------------------------------
CC09-05   63.87  71.24           7.37  0.16       -
---------------------------------------------------
including 64.90  65.24           0.34  0.53    13.5
---------------------------------------------------
CC09-06    5.00  20.00          15.00  0.33       -
---------------------------------------------------
CC09-08   77.80  79.30           1.50  3.50     3.5
---------------------------------------------------
CC09-10   82.80  90.05           7.25  0.68
---------------------------------------------------
including 82.80  85.80           3.00  1.10    30.4
---------------------------------------------------
((i) these are core lengths and may not reflect true
     thickness)



Drill holes CC09-5 and 6 tested a small portion of a two km long, open-ended
gold soil geochemical anomaly. The gold geochemical anomaly is open for 800 m
northeast from drill hole CC09-6. Near the eastern end of the grid a soil sample
returned 2.2 g/t gold. Drill holes CC09-08 and 10 tested a separate anomaly to
the north that is 600m long and open to the east. 


Drill holes CC09-1 to 4, 7 and 9 returned anomalous gold-arsenic values across
numerous intervals ranging from 2.0 m to 20 m with values up to 0.2 g/t gold and
0.46% arsenic. The 2009 drill holes were spaced from 300 m to 1.3 km apart. The
broad dispersion of anomalous gold across the drilling area and the wide spacing
between drill holes indicates that a large area of mineralization has been
identified that hosts potential for a significant gold deposit.


Alder can earn a 60% interest in the Property by making a schedule of cash
payments totaling $250,000 and issuing 250,000 shares to Cariboo Rose and
completing exploration expenditures on the property totaling $2,500,000 by June
18, 2013. 


G.L. Garratt, P. Geo., who is a qualified person within the context of National
Instrument 43-101, has read and takes responsibility for this news release.