VANCOUVER, Oct. 1 /CNW/ - Aldridge Minerals Inc. ("Aldridge" or "the
Company"), (TSX-V: AGM), announced today that it has appointed Mr. Thomas A.
Doyle to its Board of Directors.
Mr. Doyle has held a variety of senior positions across numerous aspects
of the financial industry in Canada, the United States, and with offshore
firms. Through these enterprises Mr. Doyle developed extensive expertise in
domestic and foreign financial markets, management, business plan development,
and capital formation for a variety of industries, but primarily within the
resource sector. Mr. Doyle is a co-founder of Powertech Uranium Corp., a
public uranium company listed on the TSX Venture Exchange, and currently
serves as its CFO and Director.
Aldridge President & Director, Hikmet Akin, said, "Aldridge's increasing
level of activity made adding an additional director a priority. Tom's
experience with Canadian mining companies and his intimate knowledge of the
financial industry will provide valuable expertise to the Board and the
The company further announces a grant of stock options to Mr. Doyle, to
purchase an aggregate total of 150,000 common shares in the capital of
Aldridge at a price of $2.20 per share (being the closing price of AGM on
September 28, 2007) for a period of five years after the date of grant. Any
common shares issued upon exercise of the options, are subject to a four month
hold period pursuant to the policies of the TSX Venture Exchange. The options
are subject to the terms of Aldridge's Stock Option Plan, which has been
approved by shareholders of Aldridge and 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 (for
details of the 43-101 resource calculation, please review at
www.aldridge-minerals.com). A Preliminary Economic Assessment as well as an
updated resource calculation will be completed by Q2 2008. Aldridge has also
identified several prospective nickel opportunities in Turkey and has amassed
a large property position where a systematic development program has
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Hikmet Akin, President & Director, Aldridge
Minerals Ltd., Tel: (604) 737-2743, Email: firstname.lastname@example.org; Andreas Curkovic,
Investor Relations, The Equicom Group, Tel: (416) 815-0700 x262, Email: