Vancouver, British Columbia, Canada. Aldridge Minerals Inc. ("Aldridge") (Frankfurt WKN: A0CAPB, TSX.V: AGM) is pleased to announce the grant of options to purchase an aggregate total of 237,000 common shares in the capital of the Company (the “Common Shares”), effective July 31, 2006.
Hikmet Akin, Peter Kausch and John Schaw, directors of Aldridge, were granted options to purchase 70,000, 50,000 and 50,000 Common Shares, respectively. In addition, consultants to Aldridge Mineral Madencilik Ltd. Ãžti., a subsidiary of Aldridge, were granted options to purchase an aggregate total of 55,000 Common Shares and an investor relations consultant was granted options to purchase 12,000 Common Shares. The options are exercisable at a price of $2.05 per share for a period of five years after the date of grant. In addition, 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.
On behalf of the Board of Directors
DR. HIKMET AKIN
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information please contact:
Aldridge Minerals Inc.
Tel. +1 (306) 955-4741
Suite 204, 3540 West 41st Avenue
Vancouver, BC, V6N 3E6, Canada
Advice Portfolio Management GmbH
Hartmut Thome, Investor Relations
Tel. +49 (6227) 8395-0
Fax +49 (6227) 8395-70