Alder Resources Ltd. ("Alder" or the "Company")(TSX VENTURE:ALR) is pleased to
announce that it has closed its previously announced non-brokered private
placement financing (see press release dated April 5, 2010). The private
placement was oversubscribed such that the company raised a total of $3,875,000
through the issuance of 15,500,000 common shares of the Company at a price of
$0.25 each.


The common shares are subject to a hold period of four months plus one day,
which expires on September 7, 2010 pursuant to applicable securities
legislation. The Company paid finder's fees in the amount of $232,500 in cash
and issued 1,250,000 share purchase warrants at an exercise price of $0.25 for
one year in connection with some of the funds raised by third parties.


The Company intends to use the net proceeds of the financing to fund the
exploration and development of the Company's properties and for working capital
purposes. The proceeds are expected to aid significantly in increasing the value
of the La Montanita gold property (the "Property") near Medellin, Colombia. 


The Company has entered into a final binding agreement to acquire the Property,
reflecting terms described in the press release dated April 7, 2010. In
connection with this purchase the Company has received a National Instrument
43-101 compliant technical report (the "Report") by an independent qualified
person. Highlights of the report include NI 43-101 compliant sampling of
underground Au veins with grades of up to 186.5 grams per tonne gold, 272 grams
per tonne silver and 0.93 percent copper.


Both the placement and the acquisition are subject to regulatory approval.

After taking into consideration this private placement and the acquisition, the
Company has a total of approximately 39,700,000 common shares issued and
outstanding.


About Alder Resources

Alder Resources is a Canadian-based company focused on gold. The Company holds
an option to acquire a 60% interest in Cariboo Rose's Canadian Creek Mineral
Property located in the Whitehorse Mining District of the Yukon Territory, which
is 160 km south of Dawson City, Yukon. The property is also 50 km southeast of
the White Gold project owned by Underworld Resources Inc. and approximately 25
km southeast of Kaminak Gold Corp.'s Coffee property. The Canadian Creek claims
cover an area of approximately 4,800 hectares.


Regulatory Notes

Will Randall, a Director of the Company and a qualified person under NI 43-101,
has reviewed the scientific and technical information in this press release. 


This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the completion of the
acquisition, the prospective nature of the Project and the impact of the
acquisition on the Company; statements with respect to the development potential
and timetable of the Project; the potential to identify mineral resources on the
Project; the timing and amount of estimated future exploration, success of
mining activities; and receipt of government approvals. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business,
economic, competitive, geopolitical and social uncertainties; the actual results
of current exploration activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased properties;
foreign operations risks; and other risks inherent in the mining industry.
Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.