ALR

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
announce that it intends to complete a non-brokered private placement financing
of 12,000,000 common shares of the Company ("Shares") at a price of $.25 per
Share, for gross proceeds of $3,000,000.


The Company intends to use the net proceeds to finance work on the La Montanita
gold property in Colombia - which was the subject of the Company's News Release
dated April 7, 2010, as well as other property acquisitions in Colombia.


The Company may pay finder's fees in connection with the financing.

The Shares will be subject to statutory resale restrictions. Closing of the
financing is subject to receipt of TSX Venture Exchange approval.


Finder's fees consisting of 200,000 shares of the Company will be issued to each
of two individuals who assisted the Company in signing the Letter of Intent on
the La Montanita gold property as announced April 7, 2010.


Alder is a mineral resource company focused on the acquisition and development
of world class mineral properties.

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