This document summarizes Aldridge Minerals' Yenipazar polymetallic project in Turkey. The project has a defined mineral resource and preliminary economic assessment showing robust economics. Aldridge plans to advance the project through feasibility study and permitting while continuing exploration and metallurgical test work to improve the resource and project economics. Recent drilling results indicate potential to increase the resource through grade and recoveries.

1. Mario Caron, President & CEO
Aldridge Minerals Inc.
TSX‐V: AGM May 2012

2. 2

3. Y E N I PA Z A R
OUR CORE FOCUS
 Polymetallic project in Turkey
Polymetallic project in Turkey
 100 Km2 land package
 400+ drill holes completed
400+ drill holes completed
 3 new mineralized outcrops
WELL DEFINED WITH UPSIDE POTENTIAL
3

4. Y E N I PA Z A R
LOCATION
Istanbul
Ankara
YENIPAZAR
TURKEY IS EMERGING AS A MAJOR MINING AREA
4

5. Y E N I PA Z A R
LOCATION – AERIAL VIEW
NEW OUTCROPS
DEPOSIT 1.7 km
5

6. Y E N I PA Z A R
TURKEY AT A GLANCE
 2nd fastest growing GDP behind China
2nd fastest growing GDP behind China
 Goal is to become 10th largest economy
by 2023
y
 Modern and secular
 Rule of law
Rule of law
 Western mining code
NET IMPORTER OF METALS
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7. Y E N I PA Z A R
PROJECT HIGHLIGHTS
 VMS deposit
VMS deposit
 1,700 m strike length
 Mineralization near surface
Mineralization near surface
 Host to:


GOLD
SILVER
90th PERCENTILE
BY SIZE*
 COPPER
 LEAD LARGE MINERAL GRAINS
SIMPLIFY PROCESSING
 ZINC
* Geological Survey of Canada
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8. 8

9. 9

10. 10

11. Y E N I PA Z A R
RESOURCE ESTIMATE*
CATEGORY TONNES GOLD G/T SILVER G/T COPPER % LEAD % ZINC %
Indicated 24,284,000 1.09 33.8 0.31 1.16 1.50
Inferred 218,000 0.49 22.7 0.30 0.71 1.16
43-101 RESOURCE ESTIMATE 2010
BASED ON REVERSE CIRCULATION DRILLING
* Based on Preliminary Economic Assessment announced Dec. 20 2010.
See page 32 for notes.
11

12. Y E N I PA Z A R
ROBUST ECONOMICS*
 Net Present Value $209 Million
 Internal rate of return
I t l t f t 23.2%
23 2%
 Discount rate 7%
 Strip ratio**
p 4.5:1
 Throughput 5,700 t/d
 Life of Mine 12 years
 CAPEX $198 million
$198 illi
 Project payback 3.9 years
 LOM average cost
g $
$29.65/t
/
BASE CASE SCENARIO (PEA) – DECEMBER 2010
( )
* Based on Preliminary Economic Assessment announced Dec. 20 2010. See page 32 for notes.
** Includes pre‐stripping
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13.  Improve grade
 Increase recoveries
 Expand resource base
13

14. IMPROVING GRADE – Diamond drill program
p g
 Twin drilling program
completed 2011
 Holes 5 meters apart
 Results:
 49% more gold
 42% more silver
42% more silver
 9% more copper
49% HIGHER GOLD
GRADE
 11% more lead RESULTS PAVE WAY FOR
 14% more zinc GRADE IMPROVEMENT
14

15. INCREASING RECOVERIES
 Metallurgical testing
Metallurgical testing
completed by G&T
 SGS UK now responsible
p
for all metallurgical testing
NEW AU
 Gravity concentration prior
y
to flotation produces
p
79% RECOVERY
RATE
higher recoveries
HIGH GRADES &
RECOVERIES GENERATE
MORE CASH FLOW
15

16. EXPANDING RESOURCE
 Three new mineralized
Three new mineralized
outcrops identified
 High grade intersections
g g
 Potential for resource
expansion
p
<2km FROM MAIN
MINERAL ZONE
PROVIDES BLUE SKY
POTENTIAL
16

17. DEVELOPING VALUE
2010* 2012**
NPV $209 Million $643 Million
IRR 23.2% 44.8%
Discount rate
Discount rate 7% 7%
Strip ratio*** 4.5:1 4.5:1
Mine throughput 5,700 t/d 7,500 t/d
Mine life 12 years 12 years
Project payback 3.9 years 2.6 years
AVG cost
AVG cost $29.65/t $29.65/t
PROGRESS BY ORDERS OF MAGNITUDE
* Based on Preliminary Economic Assessment announced Dec. 20 2010. See page 32 for notes.
** Management estimate based on expected recovery improvements and throughput increase
announced March 6, 2012. Not NI 43-101 compliant.
*** Includes pre-stripping 17

18. IMPACT OF PROGRESS
+32% +300%
INCREASE IN
MINE THROUGHPUT
+307%
NPV VALUE INCREASE
BASED ON HIGHER
GENERATES HIGHER
THROUGHPUT &
CASH FLOW
RECOVERIES
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19. STRATEGIC LOCAL PARTNER
 ANT Holding Anonim
ANT Holding Anonim
 Private holding company with interests
in media, engineering, construction
, g g,
 $11.2 million investment
 Strong relationships with
Strong relationships with
local banking & government
contacts 30 %
OWNERSHIP
OF ALDRIDGE
ACCELERATES PATH TO DEVELOPMENT STAGE
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20. EXPERIENCED BOARD & MANAGEMENT
BOARD MANAGEMENT
 Barry Hildred, Chairman  Mario Caron,
 Daniella Dimitrov President & CEO & Director
 John F. Cook  D M ti O l
Dr. Martin Oczlon,
 Ed Guimaraes VP Exploration & Director
 Ahmet Tacyildiz
Ahmet Tacyildiz  Robbert Borst,
VP Project Development
 Hande Tacyildiz
 Jim O’Neill, CFO
 Meric Oktar
 Serdar Akca Country Manager
Serdar Akca, Country Manager
 David Carew, Corp. Secretary
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21. CAPITAL STRUCTURE*
Shares Outstanding: 53.1 million
Fully diluted:
ll dil d 62.4 million
62 illi
Director/Insider ownership: ~36%
52 week range: $0.48 ‐ $1.52
Recent price:
Recent price $0.65
$0 65
Market Cap: $33.6 million
Top institutional holders: US Global, Colonial, Libra,
Sprott, Creststreet
Sprott Creststreet
Analyst coverage: Clarus, Mackie Research,
Union Securities
CLEAN CAPITAL STRUCTURE AND STRONG BALANCE SHEET
* As at May 2012
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22. PROJECT CONSULTANTS
 Jacobs Minerals Canada
 Overseeing & coordinating feasibility study
Overseeing & coordinating feasibility study
 P&E Mining
 Resource update and mine plan/design
 Golder Associates
 Geotechnical studies
 SGS UK
 Metallurgical test work
 SRK Turkey
SRK Turkey
 Preparing ESIA study, completing hydrological test work
WORKING TOWARDS
FEASIBILITY STUDY
22

23. UPCOMING CATALYSTS
Q2 2012 Q3 2012 Q4 2012 Q1 2013
Task Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar.
Feasibility Study
y y
& 43‐101
Enviromental Impact
Assessment
Diamond Twinning
Mine Design/
Resource Modeling
Exploration Drilling
Resource Estimate
FULLY FUNDED TO FEASIBILITY STUDY
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24. INVESTMENT SUMMARY
 Advancing towards development stage
 Polymetallic project with robust economics
 Located in safe, mining friendly jurisdiction
 Experienced management team
E i d tt
 Strategic local partner – ANT Holding
 Resource, grade and and recovery improvements
Resource grade and and recovery improvements
 Catalysts for value creation
PROGRESS BY ORDERS OF MAGNITUDE
24

25. Mario Caron, President & CEO
Aldridge Minerals Inc.
TSX‐V: AGM May 2012

26. 26

27. OUTLINE OF THE PROCESS FLOWSHEET
Pre‐Gravity
Crushing Tail
Concentration
Grinding and
Classification
• Removes mica and clays
Removes mica and clays
• Increases grade of the
flotation feed
GRG Circuit Flotation
• Reduces the mass
to grinding circuit
(40% mass rejected)
( d)
Cu Flotation
Gold Leaching
Pb Flotation
• Recovers liberated
gold particles
Zn Flotation
• Produces Gold Doré
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28. AGREEMENT WITH ALACER
 Agreement with Alacer Gold to earn
Agreement with Alacer Gold to earn
100 % interest
 Remaining deliverable is the Definitive
g
Feasibility Study by December 2012
 Alacer retains 6 % net proceeds interest
p
(revenue minus operational cost) until a total
revenue of US$ 165M, 10% thereafter
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29. OTHER ASSETS – Kili Teke Project
j
 338 square kilometre exploration license in
338 square kilometre exploration license in
Papua New Guinea
 Project located in area with prospects for
j p p
gold, silver and copper
 Initial drill program encouraging
p g g g
 Objective is to seek partnership or transaction
that will generate maximum value
29

30. KILI TEKE
LOCATION
KILI TEKE
LOCATED CLOSE TO OTHER DEVELOPMENT PROJECTS
30

31. MORE INFORMATION
 www.aldridgeminerals.ca
www.aldridgeminerals.ca
 Dave Carew
 416 477 6984
416 477 6984
 dcarew@alridgeminerals.ca
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32. NOTES
1. Resources are NI 43‐101 compliant and stated as of
p
December 10, 2010.
2. Metal prices used for calculating NPV are based on
a three‐year trailing average effective November
th t ili ff ti N b
30, 2010 of $2.95/lb Cu, $0.86/lb Zn, $0.90/lb Pb,
$1,007/oz Au and $16.19/oz Ag.
3. Based on AU recovery rate of 35% as at
December 10, 2010.
4. Gold recoveries of 79% are based on metallurgical
4 G ld i f 79% b d ll i l
testing carried out by G&T Metallurgical Services in
Kamloops. See December 1, 2012 Press Release.
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33. FORWARD-LOOKING STATEMENTS
 Certain statements contained in this presentation regarding the company and its
activities constitute “forward‐looking statements”. All statements that are not
historical facts, including without limitation statements regarding future estimates,
plans, objectives, assumptions or expectations of future performance are “forward‐
looking statements“. We caution you that such “forward‐looking statements” involve
known and unknown risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated in such statements. Such risks and
uncertainties include fluctuations in metal prices, unpredictable results of
exploration, uncertainties inherent in the estimation of mineral resources and
reserves, fluctuations in the costs of goods and services, problems associated with
exploration and mining operations, changes in legal, social or political conditions in
the jurisdictions where th company operates, l k of appropriate f di and other
th j i di ti h the t lack f i t funding d th
risk factors. There can be no assurance that such “forward‐looking statements” will
prove to be accurate. Potential investors should conduct their own investigation as to
the suitability of investing in securities of the company.
 Martin S. Oczlon, PhD Geo, is the qualified person for the company as required by NI
43‐101 (Canadian Securities Administrators). The company undertakes no obligation
to update any “forward‐looking statements”.
 We seek Safe Harbour.
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