Aldridge Minerals Inc. completes non-brokered private placement



    TSX-V: AGM
    Frankfurt: A0CAPB

    VANCOUVER, Dec. 3 /CNW/ - Aldridge Minerals Inc. (the "Company") is
pleased to announce that it has completed the initial tranche of its private
placement originally announced on September 6, 2007. The private placement
consisted of 962,040 units at a price of $2.50 per unit raising gross proceeds
of $2,405,100. Each unit consists of one common share and one share purchase
warrant, with each warrant entitling the holder to acquire one additional
common share at a price of $3.50 per share until November 29, 2008. The
Company paid a finder's fee consisting of 32,084 units and $120,255 in cash.
The securities issued under the private placement are subject to a four month
hold period expiring on March 30, 2008.
    The proceeds of the private placement will be used for continuing
exploration and drill programs on the Company's mineral properties in Turkey
and for general working capital purposes. The Company will pay a finder's fee
incidental to the financing in accordance with Exchange policies. The private
placement and payment of a finder's fee are subject to TSX Venture Exchange
acceptance.
    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 is
scheduled for Q2 2008, subject to the eventually determined size of the
deposit and progress of respective resource definition drilling. Aldridge has
also identified several prospective nickel opportunities in Turkey and has
amassed a large property position where a systematic development program has
commenced.

    On behalf of the Board of Directors

    -----------------------------------
    DR. HIKMET AKIN

    
        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: Aldridge Minerals Inc., Hikmet Akin, President
& Director, Tel. (604) 737-2743, Fax (604) 737-2743,
www.aldridge-minerals.com; The Equicom Group, Martti Kangas, Investor
Relations, Tel. (416) 815-0700 x243, mkangas@equicomgroup.com

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Aldridge Minerals Inc.

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