Aldridge Minerals Inc. announced among other things, that the NI 43-101 Compliant Technical Report summarizing the Feasibility Study for the Yenipazar Project in Turkey. During the compilation of the 43-101, a number of adjustments were identified by the Company that had a favourable impact on the project economics compared to the results announced on April 3, 2013. The adjustments affected the amounts and timing of depreciation expenses and several other items in the financial model. As a result, on an after-NPI and after-tax basis, the NPV (0%) improved by approximately $75 million to $782 million and the NPV (7%) improved by approximately $38 million to $361 million. The company has determined to present three economic scenarios using the base case metal pricing assumptions. The first scenario is on a pre-tax project basis and does not reflect the Alacer NPI. The second scenario includes the NPI and the third scenario includes both the NPI and applicable taxes. All scenarios demonstrate robust economics. The Yenipazar project is subject to a 6% net profit interest ("NPI", revenues less operational expenses) to Alacer Gold Corp. ("Alacer") until revenues of $165 million are generated, and a 10% NPI from there on. In the interest of further demonstrating the strength of the Yenipazar project, the scenarios below outline the effect of a 10% reduction to base case metal prices on the economics of the project.

Aldridge Minerals Inc. announced that at its AGM to be held on May 15, 2013, the shareholders proposed to approve the filing of Articles of Continuance by the Corporation under the Canada Business Corporations Act, so that the Corporation will become a federal corporation governed by the CBCA, and to approve the adoption of a general by-law of the corporation effective upon such continuance.

Aldridge Minerals Inc. announced results of the Feasibility Study for its Yenipazar gold and polymetallic VMS deposit in central Turkey (the Feasibility Study). Average production for Years 2 - 10 (Year 1 includes 6 months of ramp-up. Year 11 production is from the milling of a combination of sulphide ore and some stockpiled oxide ore; Year 12 production is solely from the milling of stockpiled oxide ore). The mining method proposed for the Yenipazar project will be a conventional open-pit mine. An owner-operated fleet of 90-tonne trucks and 10-m(3) hydraulic excavators will be used to mine the ore and waste materials. Drilling and blasting of ore and waste rock will be required, while overburden materials will be free digging. The organic top soil component of the overburden will be segregated and stockpiled separately. These temporary top soil stockpiles will eventually be removed when the material is used as part of the closure plan to cap the tailings dam, waste rock dump, and other disturbed areas. In order to distribute the waste stripping quantities over time and to allow faster access to better grade ore, the pit has been subdivided into four phases that are mined sequentially. Mining may occur in multiple phases simultaneously, depending on the respective strip ratios of ore to waste on the mining benches. As part of the Feasibility Study, an extensive testwork programme was undertaken in order to establish the process design parameters, formulate the process flowsheet, select equipment, evaluate ore variability and confirm metallurgical recoveries. Based on the findings of this testwork programme the process plant design parameters were determined. The design basis of the selected process is based on whole ore processing at a nominal throughput of 2.5 million tonnes per annum. The process plant and design, as detailed in the Feasibility Study, is based on conventional crushing and grinding followed by a gravity circuit where most of the gold and a portion of the silver are recovered. The gravity circuit is followed by sequential flotation of copper, lead, and zinc. 80% of the ore tonnage mined consists of sulphide ore while copper-enriched and oxide ore make up 9% and 11% of the total respectively. Some oxide ore is milled in Year 1 during plant commissioning and ramp-up and the remaining oxide is processed in Years 11 and 12. Sulphide and copper-enriched ore is essentially milled in the year that it is mined. The mill ramp-up rate increases gradually over the first 6 months of operations with full production reached in Month 7. The total tonnage processed in Year 1 is 2.06 million tonnes compared with 2.5 million tonnes in full production. A summary of the milling schedule is included in Appendix B. The metallurgical testwork conducted by SGS to-date indicates the following recoveries by ore type. Additional variability testwork was performed on sulphide ore mined and processed in the first four years of operations. The results of this testwork are not shown below, but are reflected in the financial model. Metallurgical testing indicates potential to increase recoveries of lead, silver and gold in the sulphide ore. After leaching of gold in the gravity circuit, significant optimization of lead and silver recoveries may be achieved by single stage flotation of the leach residue (containing lead and silver) before it joins the lead flotation circuit. Additional gold may be recovered by floating pyrite in the zinc tailings and subsequently leaching gold from the pyrite. Confirming these potential improvements is a priority following the completion of the Feasibility Study.