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ALDRIDGE MINERALS   AGM-V   www.aldridgeminerals.ca
DISCLAIMER

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 the
company operates, lack of appropriate funding and other 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.                                                                                      2
Market Highlights (as at July 11, 2011)

Symbol                 Canada TSX-V: AGM
                       Frankfurt: AIW

Shares outstanding     37.1 million

Directors & Insiders   about 15 %

Shares fully diluted   51.7 million (4.1 m options @ avg. strike of $1.43, 10.5 m
                       warrants @ avg. strike of $1.72) (Exercising all options and
                       warrants brings in C$23.5m)

52 week high / low     C$ 2.25 / $0.52

Recent price           C$ 0.97

Market cap             C$34.1 million

Cash                   C$ 10.0 million

Top institutional      RBIM, Colonial First State, US Global, Libra, Excalibur, Sprott,
shareholders           JVAR and Creststreet                                          3
Yenipazar - Location Map




      AGM – Yenipazar
   Au-Ag-Cu-Pb-Zn Project

                            4
Turkey: A Great Place for Mining

Politically stable, pro-mining, non-bureaucratic
Excellent infrastructure roads, electricity, water, railways
New, modern and western oriented mining code (2004)
Low tax rate, tax incentives in our area, VAT re-payments
•  0.5-1 % effective royalty, 20 % corporate tax

One of the world s last under explored mineral-rich regions
Recent large discoveries include:
•    EGO-T: Kisladag (254 Mt @ 0.95 g/t Au – 7.8 M oz Au = $10.7 B )
•    ANO-T: Cöpler (90 Mt @ 1.87 g/t Au – 5.4 M oz Au = $7.4 B)
•    ENK-ASX: Caldag (33 Mt @ 1.3 % Ni – 946 M lbs Ni = $9.8 B excluding Cobalt value)
•    AGM-V: Yenipazar (+25 Mt @ 1.1 g/t Au, 33.8 g/t Ag +Zn+Pb+Cu = $4.3 B)
                                                                                         5
Yenipazar Open Pit Resources

         Million       Au          Ag         Cu      Pb     Zn
         Tonnes        g/t         g/t        %       %      %

Ind.      24.28       1.09        33.8        0.31    1.16   1.52

Inf.       0.22       0.49        22.7        0.30    0.71   1.16

  Contained metal:
  854,400 oz of Au, 26.6m oz of Ag, 819m lbs of Zn,
  624m lbs of Pb and 167m lbs of Cu.

  In-ground metal value at current prices:
  Approximately US$4.3 billion.

  NI 43-101-compliant resource estimate based on 370 drill holes
  in an optimized open pit shell (Feb 2011)
                                                                    6
Accomplishments in 2010

Raised C$5m in a private placement attracting the first institutional investors in
Aldridge (Jan - $1.00 unit with full warrant for two years at $1.50)

Restructured the board and management – 5 Directors out, 5 Directors in –
all new directors based in Toronto and have significant knowledge and experience
in Canadian capital markets

Revised our earn-in agreement with Anatolia on Yenipazar
Gained analyst coverage from Mackie Research and Clarus Securities, both
with target prices nearly 2x our current share price

Completed infill drilling and collected metallurgical samples
Completed 43-101 complitant PEA in December (commenced in mid July)
Relocated our corporate offices to Toronto from Vancouver
Hired IR groups Ascend Communication and Profinnotiv for NA and Europe
respectively                                                                         7
Project Details

Open pit project — volcanogenic massive sulphide (VMS) Zn-Pb-Cu-Au-
Ag deposit. Robust economics as demonstrated by our PEA.

Solid Resource Base — +24 Mt within an optimized open pit shell.             This
puts Yenipazar in the 90th percentile of all known VMS deposits as far as size

Great Infrastructure — paved road next to the deposit, as well as
access to water. Power and rail within approximately 20 km

Unique characteristic — Large ore mineral grains due to
metamorphism – potentially more cost-efficient separation from host rock than
usual VMS-deposits

Deposit dimensions — roughly flat lying body should allow for flexible
mine sequencing to optimize early payback - 1700 m long, up to 300 m wide,
30-190 m deep, on average about 25-30 m thick. Still open, especially to the
north of the deposit
                                                                                    8
Yenipazar Key Parametres

Large land package — 100 km2 property that
has seen very limited exploration, level and low-
relief, open terrain used predominantly for          Typical VMS Mining Camps
farming                                             (Source: Geological Survey of Canada)


Local support — Near-by village with pro-
mining work force and strong community
support.

Agreement with Anatolia — to earn 100 %
interest. Anatolia Minerals retains 6 % net
proceeds interest (revenue minus operational
cost) until a total revenue of US$165m, and 10%
beyond that amount

Commitment — Aldridge must deliver a
feasibility to Anatolia. There is no deadline, as
long as Aldridge works diligently towards
completing feasibility study.                                                           9
Scoping Study Highlights

Base Case NPV US$209m & IRR of 23.2 at 7% discount rate
•  At 10% discount rate, NPV US$151m or $4.07per basic share, $2.92 a
share fully diluted.
•  Base case uses 3-year trailing average metal prices and 4.5:1 strip including
pre-strip and capex of US$198m for a 12 year mine life assuming 5,700 tpd mill
(2m tpa).
•  Average payable production of 23,700 oz Au, 1.1m oz Ag, 10m lbs Cu, 37m
lbs Pb, 37m lbs Zn from diluted average grades of 1.02 g/t Au, 31.6 g/t Ag,
0.29% Cu, 1.1% Pb, 1.4% Zn
•  Zn conc grades 55%, Pb conc grades 55% & 1025 g/t Ag, Cu conc grades
23% with 20 g/t gold & 337 g/t Ag
• Project payback in 3.9 years. LOM average NSR US$57.27/t, LOM average
total operating cost $29.65/t.
•  At current metal prices NPV of US$734m at 7% discount rate (NPV of US
$606m at 10% discount rate) and IRR of 55%
                                                                                   10
Scoping Study Lowlights

Base case used results of ONE locked cycle flotation test
•  Recoveries: Zn 59%, Pb 78%, Cu 77% - well below average for Zn – need to
be improved – Proper floatation study to be completed soon (60 – 90 days)
•  Recoveries: Au 37%, Ag 57% - both should be improved. Have three separate
solutions to improve these.
•  A doubling of gold recoveries would double the base case NPV (i.e. US
$302m at 10% or $8.14 / basic share)
•  A 10% increase in recoveries of each of the 5 metals would result in a
52% increase in our base case NPV.
•  Assumed smelter payability of Au and Ag in the Cu conc were only 90% and
80%; should get 95% for both
•  Assumed payability of Ag in the Pb conc was only 85%; should get 90% - 95%



                                                                                11
Targeted Metallurgical Recoveries &
                          Production
                                                                                                                                                                      Revenue by Metal
PEA	
  Recoveries	
  and	
  Production
                                                                Au                          Ag                        Cu                Pb                Zn
      Pricing	
  Assumptions	
  (Trailing)                    $1,007                      $16.19                 $2.95             $0.90             $0.86
        Estimated	
  Recoveries	
  (PEA)                       36.8%                       56.9%                 76.6%             77.8%             58.8%
                     Avg	
  Payable	
  Prod                  23,700	
  oz             1,100,000	
  oz           10	
  m	
  l bs   37	
  m	
  l bs   37	
  m	
  l bs
                                                         10%	
  D i s count	
  R t. 7%	
  D i s count	
  R t.                        IRR
                              NPV	
  	
  (US$m)                        $151                        $209                             23.2%
                 	
  Share	
  Price	
  (Basic)                        $4.07                       $5.63
                       	
  Share	
  Price	
  (FD)                     $2.92                       $4.04
Targeted	
  Potential	
  Recoveries
                                                                Au                          Ag                        Cu                Pb                Zn
     Pricing	
  Assumptions	
  (Trailing)                     $1,007                      $16.19                 $2.95             $0.90             $0.86
  Estimated	
  Recoveries	
  (Targeted)                        70.0%                       66.9%                 76.6%             77.8%             65.5%
                    Avg	
  Payable	
  Prod                   49,400	
  oz             1,670,000	
  oz           10	
  m	
  l bs   37	
  m	
  l bs   40	
  m	
  l bs
                                                         10%	
  D i s count	
  R t. 7%	
  D i s count	
  R t.                        IRR
                               NPV	
  	
  (US$m)                      $381                        $475                              39.8%
                  	
  Share	
  Price	
  (Basic)                     $10.27                      $12.80
                        	
  Share	
  Price	
  (FD)                   $7.37                       $9.19
Potential	
  Recoveries	
  at	
  Spot	
  Prices
                                                                Au                        Ag                          Cu                Pb                Zn
       Pricing	
  Assumptions	
  (Spot)                       $1,591                    $39.33                   $4.36             $1.09             $1.22
  Estimated	
  Recoveries	
  (Targeted)                        70.0%                     66.9%                   76.6%             77.8%             65.5%
                    Avg	
  Payable	
  Prod                   49,400	
  oz            1,670,000	
  oz            10	
  m	
  l bs   37	
  m	
  l bs   40	
  m	
  l bs
                                                         10%	
  D i s count	
  R t. 7%	
  D i s count	
  R t.                        IRR
                                   NPV	
  	
  (US$m)                $1,010                      $1,202                              80.7%
                      	
  Share	
  Price	
  (Basic)                 $27.22                      $32.40                                                                                   12
                            	
  Share	
  Price	
  (FD)              $19.54                      $23.25
Comparable Base Metals Companies
          Relative Valuation


                                                 PRICE / NET ASSET VALUE




                               AGM consensus NAV $5.05, P/NAV = 0.24




Source: Net asset values based on research analyst consensus estimates; closing prices per Bloomberg as at May 12, 2011, WWCM presentation 2011
Aldridge – Smallest Market Cap to
  Contained Metal Value
 $0.026

 $0.024

 $0.022

 $0.020


V$0.018
M                                                                       $0.015
G$0.016
	
  
/
	
   $0.014
p
a
C $0.012
	
  
t
e
k $0.010
r
a
M    $0.008 $0.008

 $0.006

 $0.004

 $0.002

 $0.000




     * Cu $4.32, Pb $1.20, Zn $1.04, Ag $35.75, Au $1549, C$/US$ 0.968 as of July 11th 2011   14
Yenipazar Property & Drill Hole Sites




                                        15
High-grade Intersections

 Hole-No     Interval (m)    Thick-ness     Au g/t     Ag g/t      Cu %      Pb %   Zn %


YP-149      92       126      34 m          5.78       93.4       1.11       2.72   3.90

YP-151      58        70      12 m          3.62       52.0       1.03       0.52   2.76

YP-151      74       100      26 m          6.35       52.5       1.62       1.18   2.79

YP-156      42        90      48 m          3.93       16.7       1.09       0.30   0.30

YP-156*     110      150      22 m*         0.46       26.9       0.15       0.81   1.39

YP-264      52       100      48 m          4.72       66.2       0.96       4.22   7.65

YP-282      82       114      32 m          2.93       82.1       0.97       3.10   4.84

                   *Cumulative thickness of 4 levels in 110-150 m interval             16
Recent Yenipazar Drilling News


                                 Pairs of RC and
                                 duplicated diamond
                                 holes, 5 m apart.




                                 * YPD-1 includes
                                 112-114 m (61 g/t Au),
                                 122-124 m (20.15 g/t Au),
                                 124-126 m (12.5 g /t Au).
                                 Capped at 10 g/t Au, the
                                 average grade for the
                                 diamond drilled interval
                                 of 62-130 meters is 2.05
                                 g/t Au.
                                                         17
Yenipazar Mineralization




       Large mineral grains
at Yenipazar allow for gravitational pre-enrichment   18
Favourable Terrain




  Shallow topography
  is ideal for open pit construction   19
Future Milestones for Aldridge


Commence feasibility study at Yenipazar – Announced June 23, requires 12 to
18 months.

Complete the floatation study to improve recoveries and determine which
smelters or off-takers to target with our concentrates – Report in July

Complete drilling and conduct extensive geophysics at Yenipazar to upgrade
resources and to discover new deposits – Results expected mid August

Drill our PNG exploration discovery –    Results expected mid September

Graduate to the TSX and complete an AIF – Targeting October



                                                                             20
Aldridge PNG – The Kili Teke Discovery


Acquired a 338 sq. km license awarded in Feb 2009.       Received 3 requests from
majors to JV the property before any results published

Collected 80 rock samples and 350 soil samples

Discovered a very large Cu-Au porphyry & skarn system named Kili Teke
•    Two rock samples grading between 23% - 35% Cu with an average of 60 g/t Au
     and 238 g/t Ag;

•    Thirteen samples grading from 1.0% - 12.9% Cu with an average of 0.44 g/t Au
     and 3.8 g/t Ag;

•    28 samples grading from 0.3% - 1.0% Cu with an average of 0.39 g/t Au and 3.8
     g/t Ag. Also had one sample grade 9.1% zinc.

                                                                                    21
Aldridge PNG License Area

         ALDRIDGE MINERALS INC
          Exploration License_2009-2-18




Base image source: PNG Mineral Resources Authority, Info-DVD distributed on PDAC 2009-3, Toronto   22
Au in Soil Samples at Kili Teke




                                  23
Cu in Soil Samples at Kili Teke




                                  24
Cu in Soil Samples at Kili Teke with Ok
Tedi Pit Overlain for Scale




                                          25
Timeline– Advancing Ahead


                                                              Fiscal 2011                                        Fiscal 2012

                                                    Q2          Q3             Q4            Q1             Q2                 Q3        Q4
                                                 Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov.
Feasibility Study
Flotation Study
Yenipazar Exploration (Infill and Bulk Sample)
Pilot Plant Metallurgical Studies
PNG Geophysics

PNG Drilling




                                                                                                                                              26
ALDRIDGE MINERALS   AGM-V   www.aldridgeminerals.ca
Directors & Management


Jacob Willoughby — President & director. Joined board Feb 2010 & became
                         president April 28th 2010

Jean-Pierre Colin — Chairman. Director since Oct 2010, also a director of Premier
                        Gold

Dr. Martin Oczlon — CEO & director. Founder & largest individual shareholder
Jim O’Neill — CFO. Joined Aldridge June 2011
Daniella Dimitrov — Director & legal advisor. Joined board Oct 2010
Barry Hildred — Director. Joined board April 2010
John F. Cook — Director. Mining Engineer and former Chairman of Premier Gold and
                               Wolfden Resources

Ed Guimaraes — Director. Joined board May 2011. Served as Executive VP & CFO at
                    Aur Resources prior to it being acquired by Teck Resources
                                                                                    28
Directors & Management


Jacob Willoughby, President & Director
Jacob is a geologist with a Masters in Business Administration from the University
   of Windsor and became president of Aldridge in April 2010. He joined the
   board in February 2010. He was previously a partner and mining analyst at
   Paradigm Capital in Toronto, a highly ranked investment firm with a
   specialization in mining finance, where he worked for five years until choosing
   to leave in March 2009. He is also a director of Foxpoint Capital Corp.



Dr. Martin Oczlon, CEO & Director
Dr Oczlon spent seven years during the 1990 s with BHP as senior exploration
    geologist in SW Asia and SE Europe. He drilled the discovery holes for the
    Reqo Diq Cu-Au porphyries in Pakistan, now with 21 Mt Cu + 37 Moz Au. From
    1999-2002, he developed a private exploration company with a large project in
    Romania and sold it at a 200% profit. Aldridge Director since 2003, responsible
    for project acquisition, exploration and development

                                                                                  29
Directors & Management


Jean-Pierre Colin, Chairman
Mr. Colin began his career as an investment banker in 1980. Formally the Director
   & Head of Corporate Finance at Octagon Capital Corp, he is currently providing
   corporate strategy consulting services to CEO's of public companies. Previous
   to his position at Octagon Capital, Mr. Colin was an investment banker with
   Desjardins Securities Inc., Executive VP of Deacon Capital, and Senior VP of
   Richardson Greenshields. He is also a director of Premier Gold. He is a
   Member of the Bar of the Province of Quebec and holds a Master of Business
   Administration from the University of Western Ontario

Daniella Dimitrov, Director
Ms. Dimitrov has over 16 years of broad commercial and operational experience in
   senior executive roles with major companies. She has held principal roles in
   mergers, acquisitions, financings, corporate finance and joint ventures. Ms.
   Dimitrov s former positions include Senior VP, Strategic Initiatives of Raymond
   James Ltd., COO of Dundee Securities and Dundee Private Investors, General
   Counsel for the Dundee group of companies and counsel at a national law firm.
   She is also a director and vice chair of Baffinland Iron Mines.
                                                                                 30
Directors & Management


John F. Cook, Director
Mr. Cook is a mining engineer with 45+ years of experience including
   development of open-pit & underground mines, exploration, operations,
   management, & feasibility studies. He was most recently President & CEO of
   San Anton Resource Corp. & is currently a director of Strategic Resources
   Inc., MBMI Resources Inc., Southern Andes Energy Inc. & Cerro Resources
   Inc.. He was Chairman of Wolfden Resources Inc. until its purchase by Zinifex
   Ltd in June 2007, and was Chairman of Premier Gold Mines Limited until
   2010. Mr. Cook is a graduate of Sheffield University in mining engineering.

Ed Guimaraes, Director
Ed is a CA who held progressive management positions with Aur Resources
   between 1995 and 2007, ultimately serving as Executive Vice-President,
   Finance and Chief Financial Officer of Aur until December 2007. Aur was
   acquired by Teck Resources Limited in a takeover valued at $4.1 billion in
   August 2007. Mr. Guimaraes has worked as a consultant in the resources
   industry since that time and is currently a director of Nuinsco Resources
   Limited. Mr. Guimaraes holds a Bachelor of Arts in Administrative and
   Commercial Studies from the University of Western Ontario.                      31
Directors & Management


Barry Hildred, Director
Barry founded The Equicom Group in 1995 and remained its President until
   October of 2009. In 2007, Equicom was acquired by the TSX Group. Mr.
   Hildred also serves on the Board of the Children's Aid Foundation and is a
   past member of the Ontario Securities Commissions' Continuous Disclosure
   Advisory Committee.



Jim O’Neill, CFO
Mr. O'Neill, a Chartered Accountant with over 25 years of industry experience,
   brings a depth of knowledge from various international mining, project
   management and distribution companies.




                                                                                 32

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AGM Presentation

  • 1. ALDRIDGE MINERALS AGM-V www.aldridgeminerals.ca
  • 2. DISCLAIMER 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 the company operates, lack of appropriate funding and other 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. 2
  • 3. Market Highlights (as at July 11, 2011) Symbol Canada TSX-V: AGM Frankfurt: AIW Shares outstanding 37.1 million Directors & Insiders about 15 % Shares fully diluted 51.7 million (4.1 m options @ avg. strike of $1.43, 10.5 m warrants @ avg. strike of $1.72) (Exercising all options and warrants brings in C$23.5m) 52 week high / low C$ 2.25 / $0.52 Recent price C$ 0.97 Market cap C$34.1 million Cash C$ 10.0 million Top institutional RBIM, Colonial First State, US Global, Libra, Excalibur, Sprott, shareholders JVAR and Creststreet 3
  • 4. Yenipazar - Location Map AGM – Yenipazar Au-Ag-Cu-Pb-Zn Project 4
  • 5. Turkey: A Great Place for Mining Politically stable, pro-mining, non-bureaucratic Excellent infrastructure roads, electricity, water, railways New, modern and western oriented mining code (2004) Low tax rate, tax incentives in our area, VAT re-payments •  0.5-1 % effective royalty, 20 % corporate tax One of the world s last under explored mineral-rich regions Recent large discoveries include: •  EGO-T: Kisladag (254 Mt @ 0.95 g/t Au – 7.8 M oz Au = $10.7 B ) •  ANO-T: Cöpler (90 Mt @ 1.87 g/t Au – 5.4 M oz Au = $7.4 B) •  ENK-ASX: Caldag (33 Mt @ 1.3 % Ni – 946 M lbs Ni = $9.8 B excluding Cobalt value) •  AGM-V: Yenipazar (+25 Mt @ 1.1 g/t Au, 33.8 g/t Ag +Zn+Pb+Cu = $4.3 B) 5
  • 6. Yenipazar Open Pit Resources Million Au Ag Cu Pb Zn Tonnes g/t g/t % % % Ind. 24.28 1.09 33.8 0.31 1.16 1.52 Inf. 0.22 0.49 22.7 0.30 0.71 1.16 Contained metal: 854,400 oz of Au, 26.6m oz of Ag, 819m lbs of Zn, 624m lbs of Pb and 167m lbs of Cu. In-ground metal value at current prices: Approximately US$4.3 billion. NI 43-101-compliant resource estimate based on 370 drill holes in an optimized open pit shell (Feb 2011) 6
  • 7. Accomplishments in 2010 Raised C$5m in a private placement attracting the first institutional investors in Aldridge (Jan - $1.00 unit with full warrant for two years at $1.50) Restructured the board and management – 5 Directors out, 5 Directors in – all new directors based in Toronto and have significant knowledge and experience in Canadian capital markets Revised our earn-in agreement with Anatolia on Yenipazar Gained analyst coverage from Mackie Research and Clarus Securities, both with target prices nearly 2x our current share price Completed infill drilling and collected metallurgical samples Completed 43-101 complitant PEA in December (commenced in mid July) Relocated our corporate offices to Toronto from Vancouver Hired IR groups Ascend Communication and Profinnotiv for NA and Europe respectively 7
  • 8. Project Details Open pit project — volcanogenic massive sulphide (VMS) Zn-Pb-Cu-Au- Ag deposit. Robust economics as demonstrated by our PEA. Solid Resource Base — +24 Mt within an optimized open pit shell. This puts Yenipazar in the 90th percentile of all known VMS deposits as far as size Great Infrastructure — paved road next to the deposit, as well as access to water. Power and rail within approximately 20 km Unique characteristic — Large ore mineral grains due to metamorphism – potentially more cost-efficient separation from host rock than usual VMS-deposits Deposit dimensions — roughly flat lying body should allow for flexible mine sequencing to optimize early payback - 1700 m long, up to 300 m wide, 30-190 m deep, on average about 25-30 m thick. Still open, especially to the north of the deposit 8
  • 9. Yenipazar Key Parametres Large land package — 100 km2 property that has seen very limited exploration, level and low- relief, open terrain used predominantly for Typical VMS Mining Camps farming (Source: Geological Survey of Canada) Local support — Near-by village with pro- mining work force and strong community support. Agreement with Anatolia — to earn 100 % interest. Anatolia Minerals retains 6 % net proceeds interest (revenue minus operational cost) until a total revenue of US$165m, and 10% beyond that amount Commitment — Aldridge must deliver a feasibility to Anatolia. There is no deadline, as long as Aldridge works diligently towards completing feasibility study. 9
  • 10. Scoping Study Highlights Base Case NPV US$209m & IRR of 23.2 at 7% discount rate •  At 10% discount rate, NPV US$151m or $4.07per basic share, $2.92 a share fully diluted. •  Base case uses 3-year trailing average metal prices and 4.5:1 strip including pre-strip and capex of US$198m for a 12 year mine life assuming 5,700 tpd mill (2m tpa). •  Average payable production of 23,700 oz Au, 1.1m oz Ag, 10m lbs Cu, 37m lbs Pb, 37m lbs Zn from diluted average grades of 1.02 g/t Au, 31.6 g/t Ag, 0.29% Cu, 1.1% Pb, 1.4% Zn •  Zn conc grades 55%, Pb conc grades 55% & 1025 g/t Ag, Cu conc grades 23% with 20 g/t gold & 337 g/t Ag • Project payback in 3.9 years. LOM average NSR US$57.27/t, LOM average total operating cost $29.65/t. •  At current metal prices NPV of US$734m at 7% discount rate (NPV of US $606m at 10% discount rate) and IRR of 55% 10
  • 11. Scoping Study Lowlights Base case used results of ONE locked cycle flotation test •  Recoveries: Zn 59%, Pb 78%, Cu 77% - well below average for Zn – need to be improved – Proper floatation study to be completed soon (60 – 90 days) •  Recoveries: Au 37%, Ag 57% - both should be improved. Have three separate solutions to improve these. •  A doubling of gold recoveries would double the base case NPV (i.e. US $302m at 10% or $8.14 / basic share) •  A 10% increase in recoveries of each of the 5 metals would result in a 52% increase in our base case NPV. •  Assumed smelter payability of Au and Ag in the Cu conc were only 90% and 80%; should get 95% for both •  Assumed payability of Ag in the Pb conc was only 85%; should get 90% - 95% 11
  • 12. Targeted Metallurgical Recoveries & Production Revenue by Metal PEA  Recoveries  and  Production Au Ag Cu Pb Zn Pricing  Assumptions  (Trailing) $1,007 $16.19 $2.95 $0.90 $0.86 Estimated  Recoveries  (PEA) 36.8% 56.9% 76.6% 77.8% 58.8% Avg  Payable  Prod 23,700  oz 1,100,000  oz 10  m  l bs 37  m  l bs 37  m  l bs 10%  D i s count  R t. 7%  D i s count  R t. IRR NPV    (US$m) $151 $209 23.2%  Share  Price  (Basic) $4.07 $5.63  Share  Price  (FD) $2.92 $4.04 Targeted  Potential  Recoveries Au Ag Cu Pb Zn Pricing  Assumptions  (Trailing) $1,007 $16.19 $2.95 $0.90 $0.86 Estimated  Recoveries  (Targeted) 70.0% 66.9% 76.6% 77.8% 65.5% Avg  Payable  Prod 49,400  oz 1,670,000  oz 10  m  l bs 37  m  l bs 40  m  l bs 10%  D i s count  R t. 7%  D i s count  R t. IRR NPV    (US$m) $381 $475 39.8%  Share  Price  (Basic) $10.27 $12.80  Share  Price  (FD) $7.37 $9.19 Potential  Recoveries  at  Spot  Prices Au Ag Cu Pb Zn Pricing  Assumptions  (Spot) $1,591 $39.33 $4.36 $1.09 $1.22 Estimated  Recoveries  (Targeted) 70.0% 66.9% 76.6% 77.8% 65.5% Avg  Payable  Prod 49,400  oz 1,670,000  oz 10  m  l bs 37  m  l bs 40  m  l bs 10%  D i s count  R t. 7%  D i s count  R t. IRR NPV    (US$m) $1,010 $1,202 80.7%  Share  Price  (Basic) $27.22 $32.40 12  Share  Price  (FD) $19.54 $23.25
  • 13. Comparable Base Metals Companies Relative Valuation PRICE / NET ASSET VALUE AGM consensus NAV $5.05, P/NAV = 0.24 Source: Net asset values based on research analyst consensus estimates; closing prices per Bloomberg as at May 12, 2011, WWCM presentation 2011
  • 14. Aldridge – Smallest Market Cap to Contained Metal Value $0.026 $0.024 $0.022 $0.020 V$0.018 M $0.015 G$0.016   /   $0.014 p a C $0.012   t e k $0.010 r a M $0.008 $0.008 $0.006 $0.004 $0.002 $0.000 * Cu $4.32, Pb $1.20, Zn $1.04, Ag $35.75, Au $1549, C$/US$ 0.968 as of July 11th 2011 14
  • 15. Yenipazar Property & Drill Hole Sites 15
  • 16. High-grade Intersections Hole-No Interval (m) Thick-ness Au g/t Ag g/t Cu % Pb % Zn % YP-149 92 126 34 m 5.78 93.4 1.11 2.72 3.90 YP-151 58 70 12 m 3.62 52.0 1.03 0.52 2.76 YP-151 74 100 26 m 6.35 52.5 1.62 1.18 2.79 YP-156 42 90 48 m 3.93 16.7 1.09 0.30 0.30 YP-156* 110 150 22 m* 0.46 26.9 0.15 0.81 1.39 YP-264 52 100 48 m 4.72 66.2 0.96 4.22 7.65 YP-282 82 114 32 m 2.93 82.1 0.97 3.10 4.84 *Cumulative thickness of 4 levels in 110-150 m interval 16
  • 17. Recent Yenipazar Drilling News Pairs of RC and duplicated diamond holes, 5 m apart. * YPD-1 includes 112-114 m (61 g/t Au), 122-124 m (20.15 g/t Au), 124-126 m (12.5 g /t Au). Capped at 10 g/t Au, the average grade for the diamond drilled interval of 62-130 meters is 2.05 g/t Au. 17
  • 18. Yenipazar Mineralization Large mineral grains at Yenipazar allow for gravitational pre-enrichment 18
  • 19. Favourable Terrain Shallow topography is ideal for open pit construction 19
  • 20. Future Milestones for Aldridge Commence feasibility study at Yenipazar – Announced June 23, requires 12 to 18 months. Complete the floatation study to improve recoveries and determine which smelters or off-takers to target with our concentrates – Report in July Complete drilling and conduct extensive geophysics at Yenipazar to upgrade resources and to discover new deposits – Results expected mid August Drill our PNG exploration discovery – Results expected mid September Graduate to the TSX and complete an AIF – Targeting October 20
  • 21. Aldridge PNG – The Kili Teke Discovery Acquired a 338 sq. km license awarded in Feb 2009. Received 3 requests from majors to JV the property before any results published Collected 80 rock samples and 350 soil samples Discovered a very large Cu-Au porphyry & skarn system named Kili Teke •  Two rock samples grading between 23% - 35% Cu with an average of 60 g/t Au and 238 g/t Ag; •  Thirteen samples grading from 1.0% - 12.9% Cu with an average of 0.44 g/t Au and 3.8 g/t Ag; •  28 samples grading from 0.3% - 1.0% Cu with an average of 0.39 g/t Au and 3.8 g/t Ag. Also had one sample grade 9.1% zinc. 21
  • 22. Aldridge PNG License Area ALDRIDGE MINERALS INC Exploration License_2009-2-18 Base image source: PNG Mineral Resources Authority, Info-DVD distributed on PDAC 2009-3, Toronto 22
  • 23. Au in Soil Samples at Kili Teke 23
  • 24. Cu in Soil Samples at Kili Teke 24
  • 25. Cu in Soil Samples at Kili Teke with Ok Tedi Pit Overlain for Scale 25
  • 26. Timeline– Advancing Ahead Fiscal 2011 Fiscal 2012 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Feasibility Study Flotation Study Yenipazar Exploration (Infill and Bulk Sample) Pilot Plant Metallurgical Studies PNG Geophysics PNG Drilling 26
  • 27. ALDRIDGE MINERALS AGM-V www.aldridgeminerals.ca
  • 28. Directors & Management Jacob Willoughby — President & director. Joined board Feb 2010 & became president April 28th 2010 Jean-Pierre Colin — Chairman. Director since Oct 2010, also a director of Premier Gold Dr. Martin Oczlon — CEO & director. Founder & largest individual shareholder Jim O’Neill — CFO. Joined Aldridge June 2011 Daniella Dimitrov — Director & legal advisor. Joined board Oct 2010 Barry Hildred — Director. Joined board April 2010 John F. Cook — Director. Mining Engineer and former Chairman of Premier Gold and Wolfden Resources Ed Guimaraes — Director. Joined board May 2011. Served as Executive VP & CFO at Aur Resources prior to it being acquired by Teck Resources 28
  • 29. Directors & Management Jacob Willoughby, President & Director Jacob is a geologist with a Masters in Business Administration from the University of Windsor and became president of Aldridge in April 2010. He joined the board in February 2010. He was previously a partner and mining analyst at Paradigm Capital in Toronto, a highly ranked investment firm with a specialization in mining finance, where he worked for five years until choosing to leave in March 2009. He is also a director of Foxpoint Capital Corp. Dr. Martin Oczlon, CEO & Director Dr Oczlon spent seven years during the 1990 s with BHP as senior exploration geologist in SW Asia and SE Europe. He drilled the discovery holes for the Reqo Diq Cu-Au porphyries in Pakistan, now with 21 Mt Cu + 37 Moz Au. From 1999-2002, he developed a private exploration company with a large project in Romania and sold it at a 200% profit. Aldridge Director since 2003, responsible for project acquisition, exploration and development 29
  • 30. Directors & Management Jean-Pierre Colin, Chairman Mr. Colin began his career as an investment banker in 1980. Formally the Director & Head of Corporate Finance at Octagon Capital Corp, he is currently providing corporate strategy consulting services to CEO's of public companies. Previous to his position at Octagon Capital, Mr. Colin was an investment banker with Desjardins Securities Inc., Executive VP of Deacon Capital, and Senior VP of Richardson Greenshields. He is also a director of Premier Gold. He is a Member of the Bar of the Province of Quebec and holds a Master of Business Administration from the University of Western Ontario Daniella Dimitrov, Director Ms. Dimitrov has over 16 years of broad commercial and operational experience in senior executive roles with major companies. She has held principal roles in mergers, acquisitions, financings, corporate finance and joint ventures. Ms. Dimitrov s former positions include Senior VP, Strategic Initiatives of Raymond James Ltd., COO of Dundee Securities and Dundee Private Investors, General Counsel for the Dundee group of companies and counsel at a national law firm. She is also a director and vice chair of Baffinland Iron Mines. 30
  • 31. Directors & Management John F. Cook, Director Mr. Cook is a mining engineer with 45+ years of experience including development of open-pit & underground mines, exploration, operations, management, & feasibility studies. He was most recently President & CEO of San Anton Resource Corp. & is currently a director of Strategic Resources Inc., MBMI Resources Inc., Southern Andes Energy Inc. & Cerro Resources Inc.. He was Chairman of Wolfden Resources Inc. until its purchase by Zinifex Ltd in June 2007, and was Chairman of Premier Gold Mines Limited until 2010. Mr. Cook is a graduate of Sheffield University in mining engineering. Ed Guimaraes, Director Ed is a CA who held progressive management positions with Aur Resources between 1995 and 2007, ultimately serving as Executive Vice-President, Finance and Chief Financial Officer of Aur until December 2007. Aur was acquired by Teck Resources Limited in a takeover valued at $4.1 billion in August 2007. Mr. Guimaraes has worked as a consultant in the resources industry since that time and is currently a director of Nuinsco Resources Limited. Mr. Guimaraes holds a Bachelor of Arts in Administrative and Commercial Studies from the University of Western Ontario. 31
  • 32. Directors & Management Barry Hildred, Director Barry founded The Equicom Group in 1995 and remained its President until October of 2009. In 2007, Equicom was acquired by the TSX Group. Mr. Hildred also serves on the Board of the Children's Aid Foundation and is a past member of the Ontario Securities Commissions' Continuous Disclosure Advisory Committee. Jim O’Neill, CFO Mr. O'Neill, a Chartered Accountant with over 25 years of industry experience, brings a depth of knowledge from various international mining, project management and distribution companies. 32