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ALR

0.00
0.00 (0.00%)
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 Strengthens Board of Directors With Appointment of Keith Stein

19/03/2013 10:55am

Marketwired Canada


Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) announces that
Mr. Keith Stein has been appointed to its Board of Directors, effective
immediately. 


Mr. Stein is currently counsel to Heenan Blaikie. From 1994 to 2008, he was a
senior executive with Magna International Inc. reporting to the Chairman, Frank
Stronach, and continued to act as a consultant reporting to the Executive
Vice-Chairman until November 2010. Prior to becoming a consultant, Mr. Stein was
Magna's Senior Vice-President of Corporate Affairs.


In addition to his work as a lawyer, Mr. Stein was a founding director of three
capital pool companies listed on the TSX Venture Exchange and is actively
involved in the resource sector including oil and gas projects in Western Canada
and mineral exploration efforts in South America. Mr. Stein is also one of the
founding partners, together with Gene Simmons and Universal Music Canada, of
Simmons Records, a music label dedicated to Canadian artists.


Mr. Don Dudek, Chairman of the Board of Directors of Alder, states: "Keith is a
personable, high energy individual with great industry and personal contacts.
His experience and proactive views will be a great addition to the board. We
look forward to working with Keith as we continue to build value for Alder's
shareholders."


Alder has granted Mr. Stein 200,000 stock options, which have an exercise price
of $0.10 per common share, expire five years from the date hereof and vest in
eight equal quarterly installments with the first installment vesting
immediately. 


About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal
projects throughout the Americas. Alder's current high priority Cu-Au-Ag
porphyry target is the Rosita project in Nicaragua located 275 kilometres
northeast of Managua. The company has current Inferred mineral stock pile
resources of 7.95 million tonnes grading 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag
with numerous zones that have good near term potential to add to and enhance
these resources. See the technical report entitled "Rosita Cu-Au-Ag Project,
RAAN, Nicaragua, NI 43-101 Technical Report on Mineral Resource Estimate of
Rosita Stockpiles" effective as of May 8, 2012, which is available under the
Company's profile at www.sedar.com. Alder is also highly encouraged by recent
trench results that, in conjunction with previous drill results from the
Tipispan area, support management's belief of a large, untested,
copper-gold-silver porphyry/skarn system locally overlain by a high grade,
supergene enriched, oxide blanket.


In August 2011, Alder entered into an option agreement to acquire a 65% interest
in the Rosita D concession from Calibre Mining Corp. by issuing 1,000,000 shares
and incurring expenditures of $4,000,000 over four years. To date Alder has
incurred more than half of the $4,000,000 earn-in obligation. 


Alder intends to continue to build its property position with strategic
acquisitions.  


For additional information, please visit our website at www.alderresources.ca
and follow us on Facebook and Twitter: @AlderResources.


Qualified Person

Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder
and a qualified person as defined by NI 43-101, has reviewed and approved the
scientific and technical content of this news release.


Alder Resources Ltd.

Joseph Arengi, President & CEO

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 impact of the appointment
on the Company. 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 Alder 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 operations in foreign jurisdictions; ability to successfully
integrate the purchased properties; and other risks inherent in the mining
industry. Although Alder 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. Alder
does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alder Resources Ltd.
Michael McAllister
416-309-2134
info@alderresources.ca
www.alderresources.ca

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