Aldridge Minerals Inc.

Published : June 02nd, 2007

Wins License for Laterite With Nickel Potential in Auction Bid

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Keywords :   Canada | Gold | Iron | Nickel | Turkey |

Aldridge Minerals Inc.

Aldridge Wins License for Laterite With Nickel Potential in Auction Bid

Vancouver, British Columbia, Canada. June 1, 2007. Aldridge Minerals Inc. (Frankfurt WKN: A0CAPB, TSX.V: AGM) ("Aldridge") is pleased to announce that the company won a license with approximately 4 sq.km (400 ha) of laterite with nickel potential in the Murat Dag area of western Turkey. In Turkey, licenses are auctioned by the state in sealed bids, and the acquired license represents the largest coherent area of laterites that was available via auction in recent years.

Aldridge already acquired 5 licenses in the Murat Dag area, covering a total of about 4 sq.km of laterite. The new acquisition has doubled the portfolio to about 8 sq.km of laterite. It is named Gurlek II, for being located near the Gurlek I laterite, where preliminary rock grab sampling has yielded grades of up to 8 % Ni (see Aldridge news release from August 9, 2006).

These laterites represent a near-surface weathering product of nickel-pre-enriched rocks that come from Earth's mantle. Long-lasting weathering turns the rock to laterite, wherein the contained nickel and iron are concentrated, mined with open cast methods in lateritic nickel operations. In such operations, nickel is either leached to produce nickel concentrates or the nickel-bearing laterite is sent virtually unprocessed to a ferro-nickel plant. A large operation leaching nickel from laterite is currently established only 150 km west of Murat Dag by the operator of the Caldag Ni-Co deposit.

Aldridge is in the process of reviewing further nickel laterites in western Turkey and has scheduled a first-round exploration of its laterite-portfolio during the second half of 2007.

Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as such term is defined in NI 43-101, has reviewed and verified the technical content of this release.

Aldridge is active in the exploration and development of gold and base metal projects in Turkey.

On behalf of the Board of Directors

Hikmet Akin, President and a director

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

For further information please contact:

Aldridge Minerals Inc.
Hikmet Akin
President, Director
Tel. +1 (306) 955-4741
Suite 204, 3540 West 41st Avenue
Vancouver, BC, V6N 3E6, Canada
info@aldridgeminerals.com
http://www.aldridgeminerals.com/

Com-advice AG
Markus Nellessen
Grabenstrasse 25
CH 6340 Baar / Schweiz
Tel. +41 (0) 41 761 20 10
Fax +41 (0) 41 769 30 30
info@com-advice.de
http://www.com-advice.de/


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This mail distribution is a service of AXINO AG, Stuttgart on behalf of Aldridge Minerals Inc., Vancouver, Canada. This message is for information purposes only. AXINO AG does not take any liability for the correctness of the information sent. Recipients, that make investment decisions or transactions, are completely acting on their on responsibility.

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Aldridge Minerals Inc.

EXPLORATION STAGE
CODE : AGM.V
ISIN : CA0144301029
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Aldridge Min. is a gold and silver exploration company based in Canada.

Aldridge Min. holds various exploration projects in Turkey.

Its main exploration properties are DERINKOY, YENIPAZAR, PAPUA and MURAT DAG in Turkey.

Aldridge Min. is listed in Canada and in Germany. Its market capitalisation is CA$ 10.2 millions as of today (US$ 7.5 millions, € 6.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 3.75, and its lowest recent point on June 22, 2018 at CA$ 0.05.

Aldridge Min. has 107 130 000 shares outstanding.

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1/10/2008(Murat Dag)reports first results of nickel laterite drill campaign in W...
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6/16/2011ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND GRANTS OPTIO...
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5/7/2008announces results of the 2008 annual and special meeting
11/7/2007 announces director resignation
6/2/2007Wins License for Laterite With Nickel Potential in Auction B...
3/14/2007Receives Positive Results on First Gravity Preconcentration ...
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