Aldridge reports first results of nickel laterite drill campaign in West Turkey

    TSX-V: AGM
    Frankfurt: A0CAPB

    VANCOUVER, Jan. 10 /CNW/ - Aldridge Minerals Inc. ("Aldridge") announced
today results from its first-round drill campaign on the Company's 100% owned
Murat Dag nickel laterite project in western Turkey. The laterites comprise
about eight square kilometres.
    Aldridge is employing a wide drill grid (200-400 m spaced holes) to
understand the basic trends of mineralization on its licenses. Twenty eight of
38 scheduled holes have been drilled with reverse circulation (RC) on this
wide grid, and three holes indicate good nickel mineralization, as listed
below. Holes D1 and D2 are 300 m apart, roughly in E-W direction, indicating
further mineralization potential between and around these holes, and up to
600 m to the south, where no holes could be drilled in this first round.

    RC-Hole         Interval (m)        Thickness         Nickel %
    No.          from          to          (m)
    D1            28           32           4              1.09
    D2            17           21           4              1.45
    C2            26           31           5              0.99
    Complete results are available on

    Due to the sheet-like nature of nickel laterite mineralization, the
intersections are thought to represent true thickness. Assaying was performed
by ALSChemex (Vancouver).
    Aldridge President & Director, Hikmet Akin, said, "These initial results
have provided us with insight into the mineralized trend, indicating the best
results in grouped array with good potential for expansion. We will be able to
prioritize targets for Phase II drilling based on this information and results
from the remaining 10 holes."
    Nickel laterite projects are becoming increasingly important because they
are large and easily minable in open cast. Modern technology potentially
allows the production of nickel concentrates via leaching at low cost, such as
for the Caldag project in western Turkey operated by European Nickel.
    An alternative to leaching, especially in Western Turkey, is shipping the
nickel laterite virutally unprocessed to a ferro-nickel plant in eastern
Greece, across the Aegean Sea. Representatives of that plant have already
contacted Aldridge and visited the company's laterite properties.
    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 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

    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

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

    %SEDAR: 00007950E

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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