Aldridge Reports 2012 Year-End Financial Results

TORONTO, March 8, 2013 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM) 
("Aldridge" or the "Company") is pleased to announce the filing of its audited 
consolidated financial statements and management's discussion & analysis for 
the fiscal year-ended December 31, 2012 (the "Financial Statements" and the 
"MD&A", respectively). The Financial Statements and the MD&A are posted on 
SEDAR at and on the Company's website at 
As noted in the MD&A, the Company closed a $15,000,000 financing in February 
2013, positioning the Company to pursue its major objectives including the 
Feasibility Study Completion in March 2013
The Yenipazar Feasibility Study will be completed in March 2013, which allows 
the Company to comply with the final condition of the property Option 
Agreement with Alacer Gold Corp. and earn 100% of the rights to the Yenipazar 
Project. The related NI 43-101 compliant technical report will be filed on 
Secure Project Financing in 2013
Upon completion of the Feasibility Study, the Company's most significant 
objective of 2013 is to obtain the project financing needed to build the 
Yenipazar Project and commence production. The Company's project financing may 
include some combination of equity, senior debt, metal streaming and off-take 
agreements. The Company has engaged Cutfield Freeman & Company Ltd. ("CF&Co") 
as its finance advisor to evaluate the project economics and the optimal 
financing alternatives. CF&Co activities began in Q1 2013 and are expected to 
continue until project financing is secured. 
Land Acquisition
The Company has added management expertise, and will utilize other advisors as 
required to facilitate the critical process of acquiring up to 9.4 square 
kilometres of land within the project fence-line and adjacent to it. 
Significant management resources will be allocated to developing and executing 
the acquisition strategy. 
The Company has identified exploration targets on the Yenipazar Property, 
including the area adjacent to the known resource where three mineralized 
outcrops were identified. The Company plans to spend approximately $1 million 
to $1.5 million on exploration in 2013. Additional exploration programs will 
be developed subject to the availability of funding. Longer term plans will 
include exploration of other areas of the 100 square kilometer land package of 
the Yenipazar Property and the acquisition and exploration of other properties 
in Turkey. 
Environmental Impact Assessment Study Completion in Q2 2013
SRK Turkey, which has been involved in various elements of the Feasibility 
Study, is leading the Environmental Impact Assessment Study scheduled for 
completion in Q2 of 2013. 
Investment Incentive Plan Application in Q3 2013
The Company will apply for Turkey's Investment Incentive Plan, which would 
result in income tax savings equal to 40% of the depreciable capital cost 
required to build the Yenipazar Project. The income tax savings will be 
received via a corporate income tax rate reduction from 20% to 4%. For 
example, for every $100 million of allowable capital cost, the corporate 
income tax savings would be $40 million, which enhances the after-tax cash 
flow of the Yenipazar Project. 
Owner's Team 
The Company is developing plans to add senior managers and professional staff 
to support continued project development in 2013 and position the Company to 
support the construction phase in 2014 and 2015. 
Engineering Design and Continued Project Development
The Feasibility Study is expected to include certain recommendations regarding 
continued engineering and metallurgy work, which should maintain the momentum 
of the project development. The Company plans to spend in this area 
approximately $1.3 million to $1.8 million during the balance of 2013 in order 
to advance the project. 
Engineering, Procurement, Construction Management
In 2013, the Company will evaluate project development options, including 
alternative international and Turkish professional service firms, contractors 
and other suppliers. 
About Aldridge 
Aldridge is a near development stage mining company focused on advancing its 
Yenipazar gold and polymetallic VMS deposit (Ag, Cu, Pb, Zn) in Turkey - a 
country that is committed to developing its natural resources and is rapidly 
emerging as an economic powerhouse. Aldridge is currently in the final stages 
of completing the Yenipazar feasibility study, which we expect to deliver in 
March 2013. The Yenipazar project is subject to an earn-in agreement with 
Alacer Gold Corp., wherein Aldridge can earn a 100% working interest subject 
to certain conditions, subject to a 6% net profit interest ("NPI", revenues 
less operational costs) until revenues of US$165 million are generated, and a 
10% NPI from there on. 
Caution Regarding Forward-Looking Information
This news release includes certain forward-looking statements within the 
meaning of Canadian securities laws. Forward-looking statements involve risks, 
uncertainties and other factors that could cause actual results, performance, 
prospects and opportunities to differ materially from those expressed in such 
forward-looking statements. Forward-looking statements in this news release, 
include, but are not limited to, economic performance and future plans and 
objectives of Aldridge. Any number of important factors could cause actual 
results to differ materially from these forward-looking statements as well as 
future results. Although Aldridge believes that the assumptions and factors 
used in making the forward-looking statements are reasonable, undue reliance 
should not be placed on these statements, which only apply as of the date of 
this new release, and no assurance can be given that such events will occur in 
the disclosed timeframes or at all. Aldridge disclaims any intention or 
obligation to update or revise any forward-looking statement, whether as a 
result of new information, future events or otherwise. 
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. 
Contact Information: 
Mario Caron President & CEO, Director Aldridge Minerals Inc. (416) 477-6985  
David Carew Director, Investor Relations & Corporate Secretary Aldridge 
Minerals Inc. (416) 477-6984   
SOURCE: Aldridge Minerals Inc. 
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CO: Aldridge Minerals Inc.
ST: Ontario
-0- Mar/08/2013 13:00 GMT
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