Vancouver, British Columbia, Canada. Aldridge Minerals Inc. (TSX.V: AGM, Frankfurt WKN: A0CAPB) (“Aldridge”) announced today that it has appointed Mr. Thomas A. Doyle to its Board of Directors.
Mr. Doyle has held a variety of senior positions across numerous aspects of the financial industry in Canada, the United States, and with offshore firms. Through these enterprises Mr. Doyle developed extensive expertise in domestic and foreign financial markets, management, business plan development, and capital formation for a variety of industries, but primarily within the resource sector. Mr. Doyle is a co-founder of Powertech Uranium Corp., a public uranium company listed on the TSX Venture Exchange, and currently serves as its CFO and Director.
Aldridge President & Director, Hikmet Akin, said, "Aldridge's increasing level of activity made adding an additional director a priority. Tom's experience with Canadian mining companies and his intimate knowledge of the financial industry will provide valuable expertise to the Board and the Company".
The company further announces a grant of stock options to Mr. Doyle, to purchase an aggregate total of 150,000 common shares in the capital of Aldridge at a price of $2.20 per share (being the closing price of AGM on September 28, 2007) for a period of five years after the date of grant. 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 has been approved by shareholders of Aldridge and the TSX Venture Exchange.
About Aldridge Minerals
Aldridge Minerals Inc. is wholly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project (for details of the 43-101 resource calculation, please review at www.aldridge-minerals.com). A Preliminary Economic Assessment as well as an updated resource calculation will be completed by Q2 2008. Aldridge has also identified several prospective nickel opportunities in Turkey and has amassed a large property position where a systematic development program has commenced.
For further information please contact:
Aldridge Minerals Inc.
President & Director
Tel. +1 (604) 737 2743
Blackberry +1 (604) 7653747
Fax +1 (604) 737 2743
15th Floor, 1040 West Georgia Street
Vancouver, B.C. V6E 4H8
The Equicom Group
Tel. +1 (416) 815-0700 x262
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.