Aldridge Minerals Reports Acquisition of Uranium Asset and Progress on the Development of a Prototype Field Analytical Tool



    
                                                              TSX-V: AGM
    www.aldridgeminerals.com                           Frankfurt: A0CAPB
    

    VANCOUVER, Feb. 21 /CNW/ - Aldridge Minerals Inc. ("Aldridge" or "the
Company") announced today that the Company has acquired a 100 % interest in
certain mineral licenses in Turkey, where historic exploration has identified
uranium mineralization in sandstones. Aldridge is currently compiling and
assessing this historic work and is reviewing data from other uranium
properties in Turkey.
    Since the first testing of an innovative tool to read elements at
concentrations of a few parts per million in the field (NR from July 7, 2006,
on www.sedar.com), Aldridge has worked in conjunction with the inventors to
develop and test a portable prototype. This is nearing completion and first
results are expected in April-May 2008.
    As part of an ongoing review to maximize shareholder value, and subject
to shareholder and TSX Venture Exchange approval, management is considering
the spin out of the uranium properties and the field analytical tool asset to
newly incorporated stand-alone companies. Both projects are not considered
material to the Company at this time, in comparison to the core Yenipazar
project, but management believes they have the potential to generate value in
the future. Management is currently confirming the exact structure and timing
of these spin-off transactions and hopes to implement them as soon as
practicable.
    Aldridge President & Director, Hikmet Akin, said, "We developed the
uranium properties and field analytical tool asset within the Company's
philosophy to assess every opportunity that may help grow Aldridge. We believe
that these programs have matured to a degree that justifies the set-up of new
companies so that they can receive adequate capital and management attention,
to maximize shareholder value"
    Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as
defined in NI 43-101, has reviewed and verified the technical content of this
press release.

    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 mid-2008, subject to the progress of the resource definition
drilling program. 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

    "Hikmet Akin"
    -----------------------------
    President and a Director


    Forward-Looking Statements:

    The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news 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

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Aldridge Minerals Inc.

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