News from Aldridge Minerals

Acquisition of Valhalla Resources Ltd. and its exploration property portfolio in Turkey and
Romania
http://www.aldridge.com.tr/index.php?option=com_content&task=view&id=166
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Acquisition of Valhalla Resources Ltd. and its exploration property portfolio in Turkey and
Romania
http://www.aldridge.com.tr/index.php?option=com_content&task=view&id=166〈=german

    

Vancouver, British Columbia - December 19, 2008: Dr. Hikmet Akin, President Of Aldridge
Minerals Inc. ("Aldridge" Or The "Company") Is Pleased To Announce That Aldridge Has
Entered Into A Merger Agreement With Valhalla Resources Ltd. ("Valhalla"), Whereby It Will
Acquire All Of The Shares Of Valhalla By Way Of A Three-cornered Amalgamation. Pursuant To
The Transaction, Each Valhalla Shareholder Will Receive One Unit Of Aldridge Per Share
Held In Valhalla, Each Unit Consisting Of 0.25 Of An Aldridge Common Share And 0.05 Of A
Share Purchase Warrant. Each Full Warrant Will Entitle The Holder To Acquire One Common
Share Of Aldridge At A Price Of $3.00 Per Share For A Period Of Two Years From The Closing
Of The Transaction. It Is Anticipated That 3,743,804 Common Shares And 748,760 Warrants
Will Be Issued Pursuant To This Transaction. Following The Completion Of The Amalgamation,
Valhalla Will Become A Wholly-owned Subsidiary Of Aldridge.

The Transaction Is Subject To Several Conditions Precedent, Including Shareholder
Approval By Valhalla, The Receipt Of Required Regulatory Approvals (including The TSX
Venture Exchange For The Securities Of Aldridge To Be Issued Pursuant To The Transaction),
Compliance With Covenants Of The Merger Agreement, Receipt Of Title Opinions For
Valhalla's Mineral Projects, No Material Change In The Affairs Of Aldridge Or Valhalla To
Have Occurred Up To The Effective Date Of The Amalgamation, As Well As Other Customary
Conditions For A Transaction Of This Nature. The Company Expects To Complete The
Amalgamation In Early 2009. There Is No Assurance At This Time That All Conditions
Precedent Will Be Satisfied Or Waived.

Valhalla Is A Privately Held Company With Several Mineral Exploration Projects In Turkey
And Romania. The Portfolio Consists Of Porphyry/skarn Copper And Epithermal Gold
Properties (two In Romania And Two In Turkey) And A Uranium Program In Romania Including
One License And Data For Other Potential Uranium Projects. The Copper And Gold Properties
Offer The Opportunity Of Establishing Promising Copper Prospects In Association With Gold
And Other Base Metals, Including Molybdenum. The Company Will Provide Additional Details
In Regard To These Properties As The Transaction Progresses.

"The Portfolio Of Valhalla Complements And Will Be A Good Addition To Aldridge's Existing
Program In Turkey, Which Includes The Yenipazar Precious And Base Metal Deposit, Nickel
And Uranium Properties" Said Dr. Akin.

The Company Would Also Like To Update Shareholders On The Previously Announced Spin-off
Transaction Involving Its Early Stage Uranium Mineral Projects In Turkey. Due To Market
Conditions The Completion Of The Spin-off Transaction Has Been Delayed And Is Now Expected
To Complete As Soon As Practicable Following The Closing Of The Acquisition Of Valhalla
Noted Above. As Part Of The Acquisition, Aldridge Will Acquire Valhalla's Uranium Program
Which Will Be Transferred To The Aldridge Uranium Spin-off Company.

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.

Aldridge Has Also Identified Several Prospective Nickel And Uranium Opportunities In
Turkey And Has Amassed A Large Nickel And Uranium Property Position In Turkey, Where A
Systematic Exploration Program Has Commenced.

Aldridge Minerals Inc.

"Signed"

_________________________________

DR. HIKMET AKIN

President And 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 Inc. Has Not Reviewed And Does Not Accept Responsibility For The
Adequacy Or Accuracy Of This Release.




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