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Aldridge Announces Results for Yenipazar Optimization Study

- Pre-Production Capital Costs $230M, down 40% -

- High Operating Margin Maintained; 30.8% after-tax IRR -

TORONTO, April 15, 2014. Aldridge Minerals Inc. (TSX Venture: AGM) (“Aldridge” or the “Company”) is pleased to announce results of its optimization study (the “Optimization Study”) for Aldridge’s 100% owned Yenipazar polymetallic VMS deposit in central Turkey.

The Optimization Study is an update of the Feasibility Study and provides revisions to key design and operating parameters undertaken since the release of the Yenipazar Feasibility Study in April 2013 (the “Feasibility Study”) that have enabled Aldridge to establish lower project capital costs with only a moderate increase in operating costs. Plant throughput remains unchanged at 2.5 million tonnes of ore per annum over a 12-year mine life. The Optimization Study also contains an updated financial model incorporating revised base case metal prices. Highlights of the Optimization Study: