Saskatoon, Saskatchewan, Canada. Aldridge Minerals Inc. ("Aldridge") (Frankfurt WKN: A0CAPB, TSX.V: AGM) has received approval from the TSX Venture Exchange to increase the maximum number of securities available to be offered under the private placement announced on November 22, 2005 from 1,000,000 units at $1.10 per unit to 1,500,000 units at $1.10 per unit.
As previously announced, each unit will be comprised of one common share of Aldridge and one common share purchase warrant. The exercise price of each warrant has been increased from $1.25 to $1.29, each warrant entitling the holder thereof, on exercise, to purchase one common share at a price of $1.29 during the two year period following issuance of the units.
As previously announced, final acceptance of the TSX Venture Exchange of the private placement, including the pricing, will be subject to a further review by the TSX Venture Exchange as a result of the extension to the private placement granted by the TSX Venture on January 6, 2006.
Aldridge is a gold and base metal exploration and development corporation with exploration projects in Turkey.
On behalf of the Board of Directors
Hikmet Akin, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.