October 22, 2016 9:34 PM ET

Metals and Mining

Company Overview of Alder Resources Ltd.

Company Overview

Alder Resources Ltd. acquires, explores for, and develops base and precious metal properties in Latin America and Canada. The company primarily has an option to acquire a 65% interest in the Rosita copper-gold-silver porphyry/skarn project that covers an area of 3,356 hectares located to the northeast of Managua. Alder Resources Ltd. is headquartered in Toronto, Canada. As of July 24, 2015, Alder Resources Ltd. operates as a subsidiary of Midlands Minerals Corporation.

65 Queen Street West

8th Floor

Toronto, ON M5H 2M5




Key Executives for Alder Resources Ltd.

Chairman of The Board, Chief Executive Officer, President and Member of Audit Committee
Age: 56
Chief Financial Officer
Age: 40
Director and Member of Compensation Committee
Age: 41
Marketing Director
Compensation as of Fiscal Year 2016.

Alder Resources Ltd. Key Developments

Alder Resources Deleted From Other OTC

Alder Resources Ltd.'s ordinary shares (Canada) deleted from Other OTC, effective July 27, 2015. The deletion was due to Acquisition/Merger/Amalgamation.

Alder Resources Shares To Be Delisted From Trading On The TSXV

Midlands Minerals Corporation (“Midlands”) and Alder Resources Ltd. (“Alder”) announced the completion of the previously announced acquisition by Midlands of all of the outstanding common shares of Alder (the “Alder Shares”) by way of a plan of arrangement. Both the Alder Shares and the Midlands Shares (on a pre-consolidation basis) have been halted on the TSX Venture Exchange (the “TSXV”) effective July 24, 2015. The Alder Shares will be delisted from trading on the TSXV. The Midlands Shares are expected to commence trading on the TSXV on a post-consolidation basis under the new name “Rosita Mining Corporation” on or about July 28, 2015.

Alder Resources Ltd. Auditor Raises 'Going Concern' Doubt

Alder Resources Ltd. filed its Annual on Jan 26, 2015 for the period ending Sep 30, 2014. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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