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Aldridge Minerals Inc.

Publié le 05 décembre 2007

reports on drilling progress at Yenipazar deposit

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Aldridge Minerals Inc.

Aldridge Minerals reports on drilling progress at Yenipazar deposit

VANCOUVER - December 4, 2007 - Aldridge Minerals Inc. ("Aldridge" or "the Company") (TSX-V: AGM Frankfurt: A0CAPB) announced today that the company is on schedule with its resource definition drilling at Yenipazar in central Turkey. Resources shall be defined within an optimized open pit shell. There is one permanent reverse circulation drill rig (RC) on the project; to date, 29,410 RC-metres have been completed at Yenipazar in 215 holes, plus 2,293 metres of diamond core.

Assays for 187 RC-holes have been received from ALSChemex, but results for submitted samples from the last 28 holes are still pending. All samples are surveyed on site with a portable X-ray element reader, yielding results from grades above several hundred ppm for various metals (1000 ppm (equal sign) 0.1%). While these results are semi-quantitative, they do allow an assessment of the quality of mineralization in most cases, and avoid sending barren samples to the laboratory. According to the X-ray results for the last 28 holes, mineralization in the southern sector of the Yenipazar deposit has been found to reach 400 m width in one line of 40-m-spaced drillholes. This is about twice as wide, across the known 1.7 km strike length of the deposit, as has ever been found before. The area surrounding this unexpected extension in deposit width will be a focus of further exploration.

The latest available assays are from holes drilled in marginal sectors of the 1.7 km long deposit, necessary for outlining the limits of the deposit. Better results are:


Hole    Interval (m)   Thick    Au g/t   Ag g/t   Cu %     Pb %     Zn %

No.     from    to     (m)

YP-177  26      76      8 (*)   2.13     14.10    0.09     0.82     1.18

YP-178  12      82     30 (xx)  0.74     39.41    0.41     1.06     0.76

YP-179  66      76     10       0.23     41.53    0.05     0.69     1.16

A full account of drill hole assay results is available on Aldridge's website
(x)  Cumulative thickness of two mineralized levels
(xx) Cumulative thickness of four mineralized levels
Aldridge President & Director, Dr. Hikmet Akin, said, "We are pleased to see the Yenipazar Project growing larger with this discovery of an unexpected extension in width.
Overall, the southern part of the deposit known appears to have wider mineralized sections than previously understood, and contains sections with much higher grades than the northern part, where the currently outlined NI43-101 resources are located. We are looking forward to exploring the full extent of the southern portion of the Yenipazar deposit in the coming six months."
The Yenipazar project is subject to an earn-in agreement with Anatolia Minerals, wherein Aldridge can earn a 100% working interest.

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

On behalf of the Board of Directors

"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.

For further information

Dr. Hikmet Akin, President & CEO, Aldridge Minerals Inc., (604) 737-2743
Martti Kangas, The Equicom Group, (416) 815-0700 x 243

Powered by AXINO Mailservice

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.


Aldridge Minerals Inc.

ISIN : CA0144301029
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Aldridge Min. est une société d’exploration minière d'or et d'argent basée au Canada.

Aldridge Min. détient divers projets d'exploration en Turquie.

Ses principaux projets en exploration sont DERINKOY, YENIPAZAR, PAPUA et MURAT DAG en Turquie.

Aldridge Min. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 10,2 millions CA$ (7,5 millions US$, 6,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 3,75 CA$, et son plus bas niveau récent le 22 juin 2018 à 0,05 CA$.

Aldridge Min. possède 107 130 000 actions en circulation.

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