Thanks for that note Paek.

Overall the results don't seem that inspiring. When you consider that this rock was the WASTE rock it takes on a whole new perspective. The idea here is that this is a large system, so we are on our first step of a long race. I don't think anyone was buying up shares on the premise on these results being released. Great to see strength and the SP holding. Glad I missed the morning dip!

Here it is in full.

Alder Announces Initial Reverse Circulation Drill Results From Rosita Copper-Gold-Silver Porphyry/Skarn Project, Nicaragua8 hours ago by Marketwire

Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE: ALR) is pleased to announce it has received assay results for 25 vertical reverse circulation ("RC") drill holes at its Rosita copper-gold-silver project in northeastern Nicaragua. One hole, 2011-705, was drilled in bedrock immediately south of the Santa Rita pit and intersected 12.0 metres grading 0.91% copper ("Cu"), 1.00 g/t gold ("Au") and 16.63 g/t silver ("Ag"). The hole was terminated at a vertical depth of 114.4 metres due to mechanical difficulties before reaching the target horizon at 180 metres vertical depth. The other 24 holes were drilled in the north and south dumps. Of these, hole 2011-709 included up to 25.5 metres grading 1.27% Cu, 0.35 g/t Au and 22.3 g/t Ag. The weighted average grades for the mineralized dump holes are 0.71% Cu, 0.66 g/t Au and 8.2 g/t Ag (1.26% copper equivalent ("CuEq")) over an average thickness of 14.0 metres. Results are summarized below and illustrated in the drill plan at the end of this news release.

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                        From          Thickness           Au    Ag CuEq(1)
Hole ID     Location     (m)  To (m)        (m) Cu (%) (g/t) (g/t)     (%)
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2011-705(2) Bedrock     39.0    51.0       12.0   0.91  1.00  16.6    1.79
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2011-701    North Dump     0    10.5       10.5   0.54  3.69   5.2    3.07
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2011-702    North Dump     0    10.5       10.5   0.47  1.24   8.7    1.41
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2011-703    North Dump     0    24.0       24.0   0.39  0.31   5.5    0.67
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2011-704    North Dump     0    21.0       21.0   1.14  0.92  10.6    1.89
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2011-706    North Dump     0    12.0       12.0   0.29  0.10   5.7    0.43
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2011-707    North Dump     0    22.5       22.5   0.85  1.10   8.5    1.69
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2011-708    North Dump     0    24.0       24.0   0.81  0.40   9.8    1.20
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2011-709    North Dump     0    25.5       25.5   1.27  0.35  22.3    1.78
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2011-710    North Dump     0     4.5        4.5   2.21  0.14  15.3    2.50
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2011-711    North Dump     0    19.5       19.5   1.25  0.47  11.8    1.71
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2011-712    South Dump     0    12.0       12.0   0.31  0.69   4.8    0.83
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2011-713    South Dump     0     6.0        6.0   0.10  0.24   1.1    0.27
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2011-714    South Dump     0     7.5        7.5   0.07  0.21   0.8    0.22
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2011-715    South Dump   3.0    10.5        7.5   0.06  0.29   0.7    0.26
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2011-716    South Dump     No significant intercepts
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2011-717    South Dump     0    21.0       21.0   0.60  0.57   9.4    1.10
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2011-718    South Dump     0    19.5       19.5   0.53  0.28   6.0    0.79
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2011-719    South Dump   9.0    12.0        3.0   0.02  0.10   0.5    0.09
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2011-720    North Dump     3    13.5       10.5   0.54  0.51   5.1    0.94
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2011-721    South Dump     0     7.5        7.5   0.56  0.49   6.2    0.97
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2011-722    South Dump      No significant intercepts
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2011-723    South Dump      No Significant intercepts
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2011-724    South Dump      No significant intercepts
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2011-725    South Dump      No significant intercepts
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(1) %CuEq = %Cu + ((Au grade X Au $/oz) + (Ag grade X Ag $/oz))/(Cu $/lb X
22.0462 X 31.0135); Cu = $3.50/lb, Au = $1600/oz, Ag = $30/oz
(2) True width is estimated to be 70% of drilled intercept

Vertical RC hole 2011-705 was collared in bedrock south of the Santa Rita pit, and was designed to test for extensions of the main Santa Rita deposit at a vertical depth of 180 metres. The hole was abandoned short of its target depth due to mechanical difficulties. Results from this hole are highly encouraging and indicate the presence of an upper mineralized horizon, and also confirm the presence of significant gold and silver values with the copper. All of the mineralization intersected in the drill hole is hosted in garnet-epidote-quartz-sulfide skarn.

To date 55 RC holes have been drilled through the dumps, with results pending for 31 of the holes. Drilling to date indicates the thickness of mineralized material ranges from 4.5 metres to 25.5 metres and averages 14.0 metres.

The holes were drilled in 6 dump areas, including the North dump (400m by 200m), South dump (400m by 200m), SW dump (500m by 200m), East dump (500m by 100m), NE dump (225m by 150m) and R-13 dump (250m by 125m). In all, the dumps cover an area of approximately 52 hectares. Results in this press release are for the North and South dumps only. Additional results will be presented for the other areas after assays have been received and evaluated.

In addition to the RC holes, a series of 17 vertical channel samples were collected from the apron of the dumps, as disclosed in a press release issued by Alder on December 14, 2011. The average grades of the vertical channel sampling was 0.55% Cu, 0.47 g/t Au and 8.73 g/t Ag (0.97% CuEq).

Joseph Arengi, President and Chief Executive Officer of Alder, stated: "These initial results are highly encouraging. The bedrock hole confirms the presence of significant in situ gold and silver values with copper mineralization as well as the presence of multiple mineralized horizons. The holes that tested the dump material are higher grade than the vertical channel samples and also show there is considerable gold and silver content. When the results are available for the remaining 31 RC holes we expect to be able to estimate a mineral resource for the dumps."

The Rosita Project

The Rosita project is 8 kilometres north of Primavera where Calibre Mining Corp. ("Calibre") and B2Gold Corp. recently announced the discovery of significant gold-copper porphyry style mineralization that included 261.7 metres grading 0.78 g/t Au and 0.30% Cu in a diamond drill hole (Calibre press release of January 20, 2012).

Alder has entered into an option agreement to acquire a 65% interest in the Rosita D concession from Calibre (as disclosed in a press release issued by Alder on August 22, 2011). Historic production from the Santa Rita and R-13 open pits totaled 5.37 million tonnes of ore grading 2.06% Cu, 0.93 g/t Au, and 15.08 g/t Ag. The mine closed in 1975 due to low copper prices. Alder's management believes that a substantial amount of Cu-Au-Ag mineralization lies both below and adjacent to the Santa Rita pit. Historic drilling below the Santa Rita pit returned intercepts that included 2.27% Cu, 0.21 g/t Au and 30.85 g/t Ag over 16.7 metres true width at a vertical depth of 225 metres below the assumed base of the pit. The Rosita deposit is open to depth and along strike.

The Bambana prospect, located four kilometres northwest of the Santa Rita open pit, returned historic intercepts of up to 0.43% Cu and 6.54 g/t Ag over 42.0 metres and 0.51% Cu, 0.25 g/t Au and 10.41 g/t Ag over 11.5 metres in two diamond drill holes completed in 2010. A review of this area by Alder confirmed copper porphyry-style alteration and sulphide mineralization.

Alder has not yet verified the historic drill results referenced in this news release and does not intend to use this information for purposes other than planning and prioritizing exploration targets.

RC drilling will now focus on historic mineralized drill intercepts at the R-13 area. The core rig will test for down dip and strike extensions of the north east-striking / south east-dipping Santa Rita zone, as well as concealed porphyry mineralization at depth.

Quality Assurance/Quality Control

Samples are collected into heavy gauge plastic bags, sealed on-site, then stored at Alder's Rosita field office until they can be transported by company personnel to Inspectorate Exploration and Mining Services' sample preparation facility in Managua. Here, sample pulps are prepared, then air freighted to Inspectorate's Vancouver laboratory for analysis. Each sample is analyzed for total copper using aqua regia digestion followed by an ICP analysis, which includes a 30-element geochemistry package, including silver. Soluble copper is determined using dilute sulfuric acid digestion with an AA (atomic absorption) finish. Gold is determined via fire assay with an AA finish. Alder has implemented an industry standard Quality Assurance/Quality Control program that includes the insertion of certified standards, duplicates and blanks into the sample stream.

Qualified Person

Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder and a qualified person under NI 43-101, has reviewed and approved the scientific and technical information in this press release.

About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal projects throughout Latin America. Current focus is on the Rosita project in Nicaragua located 275 km northeast of Managua. Alder plans to continue to build its property position with strategic acquisitions.

Alder Resources Ltd.

Joseph Arengi, President & CEO