ALR

Alder Resources Ltd. (the "Company") (TSX VENTURE:ALR) has signed an interim
agreement to sell the 15% working interest that it owns in seven producing
natural gas wells in West Virginia, U.S.A. The wells, since they have gone into
production, have produced on average at rates much lower than were anticipated
when the Company originally agreed to participate in the drilling of the wells.
In addition, natural gas prices are very much lower than they were at the time
the Company agreed to participate in the drilling. As a result the wells do not
have the value expected by the Company and their future is uncertain. The cash
sales price which the Company expects to receive will, unfortunately, be
significantly less than the Company's original costs. It is Management's belief
that the Company and its shareholders will get better value, by receiving and
applying the cash proceeds that are expected to be received, than retaining the
wells.


ALDER RESOURCES LTD.

Bruce Ford, President and CEO

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