TORONTO, November 9, 2010 - Aldridge Minerals Inc. (TSX-V: AGM) ("Aldridge" or the "Company") today announced the Company has granted a total of 400,000 options to new directors appointed to the board on October 29, 2010. All options are exercisable at a price of $0.95 per common share, which reflects the closing price of Aldridge shares on October 29, 2010. The options vest immediately and expire in 5 years. This grant of Options is subject to acceptance by the TSX Venture Exchange.
About Aldridge Minerals
Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. Aldridge has also identified several other prospective opportunities in Turkey as well as Papua New Guinea, where the company has amassed a large property position with a systematic exploration program currently being conducted.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Aldridge Minerals Inc., Jacob Willoughby, President and Director, (416) 558-4717, www.aldridgeminerals.com; The Equicom Group Inc., Patrick Piette, (416) 815 0700 x 267 or Dave Feick, (403) 218-2839, www.equicomgroup.com