Vancouver, B.C.: Aldridge Minerals Inc. (“Aldridge”) (Frankfurt: A0CAPB, TSX.V: AGM) is pleased to announce the grant of options to purchase an aggregate total of 405,000 common shares in the capital of the Company (the “Common Shares”), effective August 9, 2005.
Hikmet Akin, Peter Kausch and John Schaw, directors of Aldridge, were each granted options to purchase 135,000 Common Shares, such options being exercisable at an price of $0.87 per share for a period of five years after the date of grant. The options, and any Common Shares issued upon exercise of the options, are subject to a four month hold period pursuant to the policies of the TSX Venture Exchange. The Options are subject to the terms of Aldridge’s Stock Option Plan, which was approved by shareholders of Aldridge and the TSX Venture Exchange. Aldridge is active in the exploration and development of gold and base metal projects in Turkey.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE