Alder Resources Ltd. (TSX VENTURE:ALR) ("Alder" or the "Company") is pleased to
announce that it has received regulatory approval for the acquisition of an 80%
interest in the La Montanita, Colombia, gold property ("Property") described in
the Company's news releases dated May 18, 2010 and April 7, 2010. A National
Instrument 43-101 compliant report on the Property includes 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.


The Company has established contracts with local geologists and initiated a work
program designed to accelerate project development on the Property. The work
program includes, in the following order, surveying of topography and
underground workings within the mineralized area, soil geochemistry, underground
sampling, and geophysics. Alder plans to use the results of this initial work to
design a drill program and allow efficient use of funds and target maximization.
Management is in negotiations with drill contractors and expects to secure the
necessary rigs shortly.


About Alder Resources

Alder Resources is a Canadian-based company focused on gold. In addition to
recently acquired prospects in Colombia, 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.