Aldridge Minerals Appoints Charles M. Raymond to its Board of Directors



    TSX-V: AGM
    Frankfurt: A0CAPB

    VANCOUVER, Feb. 22 /CNW/ - Aldridge Minerals Inc. (the "Company")
announced today that it has appointed Mr. Charles M. Raymond to its Board of
Directors. Mr. Raymond, MBA, was most recently the Chairman and CEO of
Rainy River Resources Ltd. and has over 30 years of senior management and
venture capital experience in various industries including mining and oil and
gas exploration.
    He served as President and Director of St. Phillips Resources Inc. from
1988 to 1993 during which time St. Phillips partnered with Rio Algom Ltd. and
El Condor Resources Inc. to develop the Kemess Mine in B.C., Canada. Kemess
today is a large open pit operation producing approximately 300,000 oz of gold
and 75 M lb (34,000 t) of copper per year.
    Mr. Raymond has acted as an advisor to a number of publicly traded
companies and financial institutions specializing in initial public offerings,
corporate restructurings and business negotiations. He currently serves as
President of CMR Capital Corp., a corporate consulting firm.
    Aldridge President and Director, Dr. Hikmet Akin, welcomes Mr. Raymond
and said, "The wealth of experience Mr. Raymond brings to the Aldridge Board
will provide invaluable expertise to the Company."
    The Company further announces a grant of stock options to Mr. Raymond to
purchase an aggregate total of 152,000 common shares in the capital of
Aldridge in two tranches. The first installment consists of 37,000 options to
be issued at $ 2.40 per common share (being the closing price of the Company's
shares on February 19, 2008). The second installment of 115,000 options shall
be granted as soon as further options are available to the company and with an
exercise price corresponding to the closing price of the Company's common
shares on the Exchange on that day. The options are granted pursuant to the
terms of Aldridge's Stock Option Plan and any common shares issued are subject
to a four month hold period in accordance to the policies of 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. A
Preliminary Economic Assessment as well as an updated resource calculation are
scheduled for mid-2008; subject to the determined size of the deposit and the
progress of the resource definition drilling.
    Aldridge has also identified several prospective nickel and uranium
opportunities in Turkey and has amassed a large nickel property position where
a systematic development program has commenced.

    On behalf of the Board of Directors

    "Signed"
    -----------------------------------
    DR. HIKMET AKIN
    President and Director

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE





For further information:

For further information: Dr. Hikmet Akin, President & CEO, Aldridge
Minerals Inc., (604) 737-2743; Martti Kangas, The Equicom Group, (416)
815-0700 x 243

Organization Profile

Aldridge Minerals Inc.

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