Aldridge Provides Corporate Update

Thu Feb 11, 2010 2:58pm EST

* Reuters is not responsible for the content in this press release.

Dr. Hikmet Akin, President of Aldridge Minerals Inc. ("Aldridge" or the
"Company") (TSX VENTURE: AGM)(FRANKFURT: A0CAPB) is pleased to announce
the appointment of Mr. Jacob Willoughby, geologist with a Masters in
Business Administration from the University of Windsor, as a Director and
Vice President of Corporate Development. Mr. Willoughby is an independent
business consultant who also has a board seat in Nebu Resources (NBU-V)
and Foxpoint Capital Corp. He was most recently working as a mining
analyst for Paradigm Capital Corp in Toronto, a highly ranked investment
firm with a specialization in mining finance, where he worked for five
years until March 2009.

    Dr. Akin was quoted, "We are delighted that Mr. Willoughby has joined our
team at Aldridge as he brings a depth of experience on the technical
elements of resource development, in parallel to extensive relationships
and knowledge of capital markets. Attracting such additional capital
markets competency at the board and management level comes on the
completion of our recent successful institutional placement with new
investors. We view such support as essential as we advance our +28
million tonnes Yenipazar gold and silver-rich VMS open pit target in
Central Turkey, and we look forward to working with Mr. Willoughby in the
pursuit of this objective."

    Mr. Willoughby stated, "I am pleased to join the excellent team Aldridge
has assembled and I hope to raise the Company's profile substantially in
the near term. On first introduction, it was apparent as to Dr. Akin's
and Dr. Martin Oczlon's experience and their unwavering commitment to
creating value for Aldridge stakeholders."

    Mr. Willoughby replaces Alexander Holtermann who has resigned from the
board of directors with the intention to provide IR/PR services to
Aldridge chiefly in the European and Hong Kong markets.

    Aldridge has granted a total of 250,000 stock options to a director of
the Company at a price of $1.20 per option for a period of five years.
The options are granted pursuant to the terms of Aldridge's Stock Option
Plan and any common shares issued are subject to a four month hold period
in accordance with the policies of the TSX Venture Exchange.

    Aldridge currently has over C$5m in cash and no debt. The company is
working on completing an extensive metallurgical study for the Yenipazar
project due out in Q2. This is conducted with two different, independent
and reputed testwork facilities to maximize the chance for identification
of the best possible route for the production of three mineral
concentrates (Au-Cu, Ag-Pb, Zn) at the highest possible recoveries. The
company plans to establish a Preliminary Economic Assessment on the
Yenipazar project soon thereafter.

    The Yenipazar project is subject to an earn-in agreement with Anatolia
Minerals, wherein Aldridge can earn a 100% working interest, subject to a
6 % net proceeds interest ("NPI", revenues less operational cost) until
revenues of US$ 165 million are generated, and 10% NPI from there on.

    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.

    About Aldridge Minerals

    Aldridge Minerals Inc. is 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 other prospective opportunities in Turkey and
Papua New Guinea, and has amassed a large property position for
systematic exploration and/or farm-out to third parties.

    On behalf of the Board of Directors

    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.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Aldridge Minerals Inc.
Dr. Hikmet Akin
1 604 688 8932

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