Aldridge Announces Strategic Board & Management Changes

Wed Apr 28, 2010 4:29pm EDT

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

Aldridge Minerals (TSX VENTURE: AGM)(FRANKFURT: A0CAPB) today announced
strategic board & management changes following the Company's Annual
General Meeting of Shareholders held April 27th in Vancouver.

    Effective immediately, Dr Martin Oczlon, formerly Vice President of
Exploration, has been appointed CEO and Mr. Jacob Willoughby, formerly
Vice President of Corporate Development, has been appointed President.
These appointments replace Dr. Hikmet Akin who has stepped down as
President and CEO of the Company to assume the role of Chairman of the
Board. Dr Oczlon and Mr. Willoughby will also remain as Directors.

    In addition to these management changes, Mr. Mark Monaghan and Mr. Barry
Hildred have been elected to the Board of Directors of the Company
bringing the total number of Directors to seven. The Company would also
like to thank Mr. Charles Raymond, departing Director, for his past
service and contributions to the Board.

    "I am pleased to welcome the new members of the board, as well as
congratulate Dr. Oczlon and Mr. Willoughby on their appointments,"
said Dr. Akin, Chairman. "These management and board changes reflect
the results of an extensive strategic review of our existing composition,
and I am confident that we have achieved our objective of adding
significant corporate capability, further supporting our immediate goal
of advancing the development of our primary project, Yenipazar, in
Turkey. I look forward to future collaboration with our new team as we
take Aldridge through its next stage of development."

    Mr. Barry Hildred is a seasoned business executive supported by years of
experience providing strategic counsel to public and private enterprises.
Mr. Hildred founded The Equicom Group, a premier financial communications
firm in 1995 and remained its President until October of 2009. Under his
leadership, Equicom grew to the leading agency of its kind in Canada
employing 65 professionals in three offices. In 2007, Equicom was
acquired by the TSX Group, owner and operator of the Toronto Stock
Exchange and the TSX Venture Exchange. Mr. Hildred also serves on the
Board of the Children's Aid Foundation and is a past member of the
Ontario Securities Commissions' Continuous Disclosure Advisory Committee.

    Mr. Monaghan is a business consultant with 17 years of institutional
equities and public company experience. His career has spanned across
corporate finance, corporate development, merchant banking, executive
management and board appointments. He has worked in various capacities at
TD Securities, Deacon Capital, CT Securities and Quest Capital. He has
also been a strategic adviser to several publicly listed companies. Mr.
Monaghan has extensive experience in international resource finance,
corporate development and management strategy. He holds board seats on
Lara Exploration Ltd. and Universal Power Corp.

    In connection with the appointments mentioned above, the company has
awarded 400,000 options to the new directors, subject to TSX Venture
Exchange approval.

    About Aldridge Minerals

    Aldridge Minerals Inc. is mainly 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
where a systematic exploration program is underway.

    On behalf of the Board of Directors

    DR. HIKMET AKIN, Chairman

    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.
Jacob Willoughby
President and Director
1 604 688 8932

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