Alder Presentation January 2012

TSX-V: ALR

COPPER AND GOLD

IN THE AMERICAS

January 2012

This document contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but

are not limited to, statements with respect to the development potential and timetable of the Rosita project; the timing and amount of

estimated future development and exploration; costs of future activities; capital and operating expenditures; success of exploration

activities; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be

identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,

“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and

phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be

achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are

made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the

actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or

implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing

on acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and

recovery rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project

parameters as plans continue to be refined; future prices of metals; failure of plant, equipment or processes to operate as

anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted

to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements,

there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such

statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake

to update any forward-looking statements except in accordance with applicable securities laws.

The technical and scientific information included herein has been reviewed and approved by Joseph Arengi, President and CEO of

the Company, and a qualified person under National Instrument 43-101 of the Canadian Securities Administrators.

Forward Looking Statements

Why Alder?

• Experienced team with proven track record

• Strong Central America experience

• Excellent exploration upside at Rosita, a

past producer

• 33 km2 target-rich property with Copper-

Gold-Silver Porphyry/Skarn potential

The Alder TeamManagement

• Joseph Arengi , M. Sc., P. Geo. – President and CEO

• 35 years of exploration and operational experience throughout Canada, Central America, South America

and Africa. Credited with discovering 4 billion pounds of copper and 60 million ounces of silver in the

Kalahari Copper Belt of northwest Botswana while at Hana Mining Ltd. Regional Exploration Manager of

Central America and the Caribbean Basin for Aur Resources Inc. Extensive consulting experience in the

Mining Triangle of northeast Nicaragua, an area that includes the Rosita copper district.

• Ryan Ptolemy – CFO

• Josh van Deurzen – Corporate Secretary

Board of Directors

• Don Dudek, Chairman

• Rene Bharti

• Dan Bruno

• Honourable Pierre Pettigrew, P.C.

• Will Randall

Share Structure and Trading

TSX-V: ALR

ALR Share Structure:

Common Shares: 40,675,047

Current share price : $0.115

Warrants: 6,030,666

Average warrant price ($/share): $0.25

Options: 3,790,000

FULLY DILUTED SHARES: 50,495,713

Insiders/Institutional Holders: 8%

Share Trading Activity:

52 week High/Low ($/share): $0.065/0.54

Market capitalization: $4,677,630

Cash Balance: $1.0M

Debt: None

Why Nicaragua?

• Largest and safest country in Central America

• Stable, supportive and democratically elected government

• Attractive tax regime; 3% NSR, 30% Net Profits Tax

• Long mining history with 3 currently producing gold mines:

• La Libertad, El Limon Mines (B2Gold)

• Bonanza Mine (Hemco)

• Recent Economist article praising investment changes

• Macroeconomic stability

• Largest share of direct foreign investment in Central America

• Long-term tax exemptions

Rosita Project

•120 km to

Puerta Cabezas

•275 km to

capital city of

Managua

Copper in Central America

Rosita details

• Past producer from two open pits – Santa Rita and R-13

• 245M lbs Copper (See Note 1)

• 160,000 ounces Gold

• 2,610,000 ounces Silver

• Early mining focused on high grade copper with 2%

copper initial cut-off

• First gold recovery during last 5 years of production

• 3,356 ha property with existing120 km road to port

Geology and Prospects

Historic Resources (Non-NI 43-101 compliant; See Note 2)

Target-Rich Project

Santa Rita and R-13 Pits:

• 0.96%Cu, 1.06 g/t Au, 9.33 g/t Ag/12.0m in trench at Santa Rita

• 2.95%Cu, 0.34 g/t Au, 35.31 g/t Ag/18.3m in ddh below Santa

Rita (See Alder News release of November 3, 2011)

Bambana:

• Cu-Au-Ag Porphyry and Skarn targets

• 500m x 1000m untested soil anomaly with coincident IP anomalies

Dumps:

• Grades from systematic vertical channel sampling by Alder

returned 0.55%Cu, 0.47 g/t Au and 8.73 g/t Ag (See Alder News release of

November 3, 2011)

Santa Rita Pit – Vertical Channel Samples

• Average values

of up to 2.27%

Cu, 2.37 g/t Au

and 24.60 g/t Ag

• Average for 17

traverses are

0.55% total Cu,

0.47 g/t Au and

8.73 g/t Ag

(See Alder News Release of December 14, 2012)

Santa Rita Pit – Historic Intercepts

(See Note 3)

Santa Rita Pit – Historic Intercepts*

* Non-NI 43-101 compliant; See Note 3

Upside Potential

Open

Open

Open

(See Note 3)

Upside Potential

Open

1.1M tonnes @ 1.42% CuOpen

1.2M tonnes @ 0.83% Cu

(See Note 3)

Bambana Porphyry Cu-Ag

400m X 900m Cu anomaly Bambana DDH Section

(See Note 3)

Exploration Objectives at Rosita

2012

• Complete 4,000m of RC drilling in Q1 and Q2

• Complete 8,000m of core drilling in Q2, Q3 and Q4

• Preliminary Metallurgical Study of Dumps in Q1

• Initial Resource for dump material Qtr 2

Exploration Timeline

Milestone Qtr 1/12 Qtr 2/12 Qtr 3/12 Qtr 4/12

Trenching – Bambana/R-13

Preliminary Metallurgical Studies

Geophysics (IP survey)

Initial Resource Calculation - Dumps

RC Drilling

Diamond drilling

Summary

• Aggressive exploration program underway on high

quality targets

• Excellent exploration upside at Rosita

• Highly experienced team with Central America focus

Notes to Text

• Note 1: See references in Alder Technical Report referred to in News Release of January 9, 2012 and filed on

SEDAR.

• Note 2: All of the historical mineral resource estimates and production totals quoted herein are based upon

historical data and reports obtained and prepared by previous operators and consultants (Arengi, 2003;

Hendrickson, 1995; Rivera, 1977; Rosario, 1974; Sims, 1998) and the quoted mineral resource estimates/mineral

inventory were prepared prior to the introduction of National Instrument 43-101. These historic resource

estimates/mineral inventory are considered to be relevant to the evaluation of the Rosita D concession. A Qualified

Person has not completed the work necessary to independently verify the classification of the historic mineral

resource estimates. Alder is not treating the mineral resource estimates as National Instrument 43-101 compliant

defined resources verified by a Qualified Person. The historical estimates should not be relied upon.

• Note 3: Alder has not yet done sufficient work to verify the historic drill results reported in this news release

and does not intend to use this information for purposes other than planning and prioritizing exploration targets.

Addendum

Santa Rita Pit and Dumps

Santa Rita Dumps

Au-rich dump on south

side of pit

2.01 g/t Au, 4.3 g/t Ag,

0.67% Cu from vertical

channel in Au-rich dump

Bambana Porphyry Cu

BB10-001 (88.5m) - 0.60% Cu, 14.1 g/t Ag/2.0m

within 0.43%Cu, 6.54 g/t Ag over 42.0m