Alder Presentation October 2013

1

TSX-V: ALR

STRATEGICALLY LOCATED IN AN

EMERGING COPPER-GOLD

PORPHYRY DISTRICT

October 2013

2

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, M.Sc., P.Geo , President and CEO of

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

2

Forward Looking Statements

3 3

Investment Highlights

• Option to earn a 65% interest in the high grade copper-gold-silver Rosita

project

• Historic production of 245 million lbs Cu, 160,000 oz Au and 2.6 million oz Ag

from two pits

• Located in the prolific Mining Triangle of northeast Nicaragua, which has a

stable, pro-mining government

• Experienced management team and Board of Directors – Extensive exploration and community relations experience in Nicaragua

• Stockpiles include a NI 43-101 compliant inferred resource of 8 million tonnes

containing 108.5 million lbs Cu, 118,500 oz Au and 2.4 million oz Ag (1.01%

Cu Eq. grade1)2,3

• Initial 5,500 m drill program has identified a 1.1 km long and 200 m deep Cu-

Au-Ag mineralized zone at the Santa Rita deposit

• Drill highlights include 0.57% Cu, 1.52 g/t Au and 5.93 g/t Ag over 15 m, 29.54

g/t Au over 8 m and 1.42% Cu, 0.18 g/t Au and 20.45 g/t Ag over 10 m

Past producing

Rosita Project in

Nicaragua

Strategic Location

High grade

resource

Significant

exploration upside

Experienced

Management

1. Assumes a long term copper price of US$2.90/lb, gold price of US$1,200/oz and silver price of US$24/oz.

2. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDAR.

3. As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag

with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag.

Processing of

stockpiles/tailings

• Advancement of metallurgy and development of the existing stockpiles and

tailings for potential near term cash flow

4 4

Management and Board of Directors

Joseph Arengi | President and CEO

• 38 years of exploration and operational experience

throughout Canada, Nicaragua, South America and Africa

• Credited with discovering 4 billion pounds of copper and 60

million ounces of silver in Botswana

Ryan Ptolemy | CFO

• Certified General Accountant and CFA charter holder

• Currently CFO of Rodinia Lithium Inc. and Belo Sun Mining

Corp.

Josh van Deurzen | Corporate Secretary

• Corporate and securities lawyer, working as a legal

consultant to various public and private companies in the

resource-based sector

Don Dudek | Chairman

• Held various roles with junior and senior exploration and mining

companies over the past 28 years

• Currently serves as Senior VP Technical Services for Endeavour

Mining Corp., prior to that he served as Exploration Manager for

Aur Resources Inc.

Rene Bharti | Director

• Has held roles in several public and private companies,

including experience in the mining sector

Dan Bruno | Director

• Over 15 years of investment experience, previously a Managing

Director of a US based Investment Bank and a Director, in the

Investment Banking group at GMP Securities Ltd.

Hon. Pierre Pettigrew | Director

• Former Minister of Foreign Affairs and currently Executive

Advisor, Deloitte Touche LLP

• Current board member of several public companies

Will Randall | Director

• Professional Geologist and currently President and CEO of

Rodinia Lithium Inc.

Keith Stein| Director

• Currently counsel to Heenan Blaikie. Previous to that he was a

senior executive with Magna International Inc. reporting to the

Chairman

5 5

Share Capital and Share Performance

TSX Venture Symbol ALR

Share Price (September 26, 2013) $0.02

Share Price (52-week range) $0.10- $0.01

Issued and Outstanding 81.5 million

Fully Diluted1 108.9 million

Cash2 $368,542

Market Capitalization (Basic) $1.6 million

Insider/Institutional Holders 25%

1. 7,115,000 options outstanding with a weighted average exercise price of $0.21 and a weighted average life

of 3.04 years. Also, 15,952,019 warrants outstanding with an exercise price of $0.20 expiring on January

31, 2014 years and 4,367,500 warrants outstanding with an exercise price of $0.10 expiring on March 21,

2015.

2. As reported on Aug 27, 2013 in interim financial statements for the period ending June 30, 2013

6 6

Rosita Cu-Au-Ag Project

7 7

Project History & Overview

• Option agreement with Calibre Mining to earn a 65% interest in the Rosita D concession by

making the following payments:

– Project expenditures of C$4.0 million (C$2.5 million already spent)

– Issuance of 1,000,000 shares over a four year period (400,000 shares have been issued)

• Completed an initial 5,900 m drill program centered on the past producing Santa Rita and

R-13 deposits

• Mineralization below the Santa Rita pit is open along strike to the east, west and down dip

• Exploration upside from the Bambana prospect located 4 km northwest of Santa Rita

– 400 m drill program completed

• Concession hosts the historic open-pit Santa Rita copper-gold-silver deposit

– Historic production of 245 million lbs Cu, 160,000 oz Au and 2.61 million oz Ag

– Reported mill recoveries of 60 – 80%

• First gold recovery during the last five years of production

• Mine closed in 1975 due to low copper prices

• Management believes that a substantial amount of Cu-Au-Ag mineralization lies both below

and adjacent to the Santa Rita pit

8 8

Historic Copper Production

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

1958-5

9

1959-6

0

1960-6

1

1961-6

2

1962-6

3

1963-6

4

1964-6

5

1965-6

6

1966-6

7

1967-6

8

1968-6

9

1969-7

0

1970-7

1

1971-7

2

1972-7

3

1973-7

4

1974-7

5

Cu

mm

ula

tiv

e C

op

per

To

nn

ag

e

Yearl

y C

op

per

To

nn

ag

e

122,906 Historic Tonnes of Copper Produced

Cu tonnes CU Cummulative

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

0

5,000

10,000

15,000

20,000

25,000

1958

-59

1959

-60

1960

-61

1961-6

2

1962

-63

1963

-64

1964

-65

1965

-66

1966

-67

1967

-68

1968

-69

1969

-70

1970

-71

1971

-72

1972

-73

1973

-74

1974

-75

Cu

mm

ula

tiv

e G

old

Ou

nces

Yearl

y G

old

Ou

nces

159,415 Historic Ounces of Gold Produced

ozs Au AU Cummulative

4.7

5%

6.4

0%

7.1

5%

4.8

7%

4.5

8%

5.4

2%

4.4

0%

3.8

3%

3.7

0%

2.9

4%

1.9

8%

1.0

4%

0.6

3%

0.4

8%

0.3

6%

0.3

5%

0.5

3%

9

• The Rosita D concession covers 3,356 hectares in the prolific Mining Triangle of northeast Nicaragua,

275 km northeast of the capital city of Managua

• 7 km north of the Primavera prospect (Calibre Mining/B2Gold), where a significant porphyry style Au-Cu

mineralization has been discovered

Project Location

Cobre Panama

605 M tonnes Cu

Cerro Colorado

1,445 M tonnes Cu

• Rated the safest country in Central

America with a long mining history

• Modern infrastructure and easily

accessible

• Stable, supportive and

democratically elected government

supportive of foreign investment

• Supportive mining laws with a

reasonable tax regime: 3% NSR,

30% Net Profits Tax all in

• Three producing gold mines:

– La Libertad and El Limon Mines

(B2Gold)

– Bonanza Mine (Hemco)

Prolific, underexplored mining district with a stable, pro-mining government

10

*See data in NI43-101 Technical Report entitled

“Technical Report on the Copper-Gold-Silver

Porphyry/Skarn Project at the Rosita D Concession dated

January 5, 2012 which is filed on SEDAR.

10

Managua

Puerto

Cabezas

Siuna

2.3M ozs Au production*

Rosita 108M lbs Cu, 118K ozs Au,

2.4M ozs Ag resource

Primavera B2Gold/Calibre Discovery

261.7M @ 0.78 g/t Au, 0.30% Cu

Forest Reserve

Bonanza

3.0M ozs Au

production*

Alder

Calibre

Calibre-B2Gold

Hemco

Nicaragua – An Emerging Porphyry District

Mining Triangle of Nicaragua has produced over 305 million lbs Cu and 8 million oz Au

11 11

Project Geology, Targets and Prospects

Multiple highly prospective targets yet to be drilled

Refer to press release dated Nov 1, 2012

12 12

STOCKPILE TONNES

(Mt)

Cu

(%)

Au

(g/t)

Ag

(g/t)

CuEq

(%)

Cu

(M lbs)

Au

(oz)

Ag

(oz)

NORTH 3.33 0.78 0.58 10.3 1.25 56.99 62,100 1,100,900

SOUTH 2.20 0.33 0.49 5.1 0.69 16.16 34,700 360,000

NE 0.55 0.50 0.22 9.6 0.75 6.06 3,800 168,300

EAST 1.88 0.71 0.30 12.0 1.03 29.33 17,900 725,100

TOTALS 7.95 0.62 0.46 9.2 1.01 108.54 118,500 2,354,300

Notes on Mineral Resource Estimation


2. The mineral resource estimate base case is reported at a 0.15% copper equivalent cut-off grade; this cut-off incorporates consideration of mining and processing cost,

recoveries, commodity prices and selling cost.

3. The mineral resource estimate is reported on an undiluted basis.

4. The mineral resource estimate assumes a long term copper price of US$2.90/lb, a gold price of US$1,200/oz and a silver price of US$24/oz.

5. Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal content.

6. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces, contained copper pounds as imperial pounds.

7. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by

environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.

8. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred

mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral

resources.

Santa Rita Inferred Stockpile Mineral Resource

Robust resource base at low resource discovery cost of $0.01/lb Cu1

1. Based on the inferred copper mineral resource and total exploration expenditures of $900,000

Effective Date: June 22, 2012

13 13

Historic Tonnage and Copper

1. See Data in NI 43-101 Technical Report entitled “Technical Report on Mineral Resource Estimate of the Rosita Stockpiles” dated June 22, 2012 and filed on SEDA

2. Disclosure of Historical Estimates.

3. Despite section 2, an issuer may disclose an historical estimate, using the original terminology, if the disclosure: (a) identifies the source and date of the historical estimate, including any existing technical report; (b) comments on the relevance and

reliability of the historical estimate; (c) to the extent known, provides the key assumptions, parameters, and methods used to prepare the historical estimate; (d) states whether the historical estimate uses categories other than the ones set out in sections

1.2 and 1.3 of 43-101 (i.e. inferred, indicated, etc.) and, if so, includes an explanation of the differences; (e) includes any more recent estimates or data available to the issuer; (f) comments on what work needs to be done to upgrade or verify the historical

estimate as current mineral resources or mineral reserves; and; (g) states with equal prominence that; (i) a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and; (ii) the issuer

is not treating the historical estimate as current mineral resources or mineral reserves. or mineral reserves.

AREA TONNES (Mt) Cu (%)

Stockpile1 7.95 0.62

Zopilote2 0.28 0.92

Magnetite Hill (R-9)2 1.54 0.45

Santa Rita Pit2 1.17 0.83

R-132 0.60 1.68

R-13 West2 0.52 1.12

TOTALS 12.06 0.70

7.95

0.28

1.54

1.17

0.6 0.52

Stockpile Zopilote Magnetite Hill (R-9) Santa Rita Pit R-13 R-13 West

66%

2%

13%

10%

5% 4%

Tonnage by Prospect (Mt) % of 12 Million Tonne Total

14 14

Santa Rita Stockpile RC Drilling

Large Broken Rock Stockpiles with existing 43-101 Compliant Inferred Resource

0.54 % Cu, 3.69 g/t Au,

5.2 g/t Ag/10.5m

0.29 % Cu, 0.10 g/t Au,

5.7 g/t Ag/12.0m

1.25 % Cu, 0.47 g/t Au,

11.8 g/t Ag/19.5m

2.21 % Cu, 0.14g/t Au,

15.3 g/t Ag/4.5m

0.54 % Cu, 0.51 g/t Au,

5.1 g/t Ag/10.5m

• Stockpiles include a NI 43-101 compliant inferred resource of 8 million tonnes containing

108.5 million lbs Cu, 118,500 oz Au and 2.4 million oz Ag (1.01% Cu Eq. grade1)2,3

• Stockpiles were created in early 1970’s when copper price was low and the resources

placed at surface were considered low grade, in today’s market they are economic





15 15

Santa Rita and R-13 Deposits & Targets

Potential to add additional tonnage to an already robust stockpile resource

29.54/8m

0.87Cu, 0.81Au,

7.96Ag/14m

IP Anomaly

Refer to press release dated Nov 1, 2012

6.90/8.0,

1.76/4m

1.42Cu, 0.18Au,

20.45Ag/10m

0.80Cu, 10.45Au,

21.83Ag/3m

0.49Cu, 1.15Au,

4.4Ag/4m

16

Santa Rita Targets

Stockpiles include a NI 43-101 compliant

inferred resource of 8 million tonnes

containing 108.5 million lbs Cu, 118,500

oz Au and 2.4 million oz Ag (1.01% Cu

Eq. grade1)2,3

Stockpile Stockpile

Stockpile





17

Tigre Negro Norte Targets

• Latest trenching returned 1.67 g/t Au over 17.6 m and is open along strike and to depth

• The Tigre Negro Norte area is located 400 metres north and along strike of the Tigre Negro

Cu-Au-Ag prospect, which returned 1.76 g/t Au, 4.84 g/t Ag and 1.71% Cu over 12.0 metres

in a reverse circulation drill hole

• May also be related to the same structure set that hosts the Tipispan zone

Bambana Porphyry

18

Bambana Targets

• Located 4 km northwest of the Santa Rita deposit

• Latest trenching returned 12.1m grading 5.21% Cu, 4.40g/t Au and 144.01 g/t Ag and

6.5m grading 7.48% Cu, 2.36 g/t Au and 316.13g/t Ag

• Calibre Mining completed three drill holes that returned intercepts of up to 50 m grading

0.42% Cu, 7.00 g/t Ag and 11.5 m grading 0.51% Cu, 7.56 g/t Ag and 0.25 g/t Au

El Rastro Gold

Tipispan

T3

Zopilote*

S=79,000T @ 0.97 %Cu

Ox=176,000T @ 0.90 %Cu

Magnetite Hill *

S=344,000T @ 0.55 %Cu

Ox=1,230,000T @ 0.42 %Cu

Santa Rita*

S=1,183,000T @ 0.83 %Cu

West R-13 and R-13*

S=1,200,000T @ 1.42 %Cu Gold Zone

Rosita Skarn

And Gold

Bambana Porphyry

19 19

Bambana Area – T3 Prospect

• Trench returned porphyry-style mineralization that

included 12 m grading 3.32% Cu, 0.22 g/t Au and

37.55 g/t Ag

• Rock-chip sampling at two benches returned two

wide intercepts of 29 m grading 2.09% Cu, 0.19

g/t Au and 14.6 g/t Ag and 29 m grading 1.98%

Cu, 0.14 g/t Au and 14.4 g/t Ag

• 400 m drill program has successfully confirmed the

presence of shallow, high grade, oxide copper and

silver mineralization

• Untested IP chargeability anomaly with porphyry

copper potential

Close proximity to the Santa Rita pit provides future development upside

* Refer to news release dated Jun 13, 2012 and Nov 1, 2012

1.74 Cu %, 0.09 Au g/t,

16.64 Ag g/t / 18.0m

1.23 Cu %, 0.36 Au g/t,

10.63 Ag g/t / 13.0m

T3 Zone – Bench Sample Results

2.09 Cu %, 0.19 Au g/t,

14.6 Ag g/t / 29.0m

1.98 Cu %, 0.14 Au g/t,

14.4 Ag g/t / 29.0m

920

919

20 20

Bambana Area – Tipispan Prospect

• Trenching has returned 12.1m grading 5.21% Cu,

4.40g/t Au and 144.01 g/t Ag and 6.5m grading

7.48% Cu, 2.36 g/t Au and 316.13g/t Ag

• Historic drilling returned porphyry-style

mineralization that included 50 m grading 0.42%

Cu and 7.00 g/t Ag and 11.5 m grading 0.51%

Cu, 0.25 g/t Au and 10.41 g/t Ag

• Mineralized zone traced >200 m on surface and

100 m vertical depth

Close proximity to the Santa Rita pit provides future development upside

919

1.23 Cu, 0.36 Au,

10.63 Ag / 13.0m

920 1.74 Cu, 0.09 Au,

16.64 Ag / 18.0m

BB10-02

0.51 Cu, 0.25 Au

7.56 Ag / 11.5m

BB10-01

0.42% Cu

7.00 g/t Ag / 50.0m

T3

BB10-03

Circular Magnetic

Feature

Zopilote*

176,000 tonnes @ 0.90% Cu

(Oxide)

79,000 tonnes @ 0.97% Cu

(Sulphide)

Tipispan

* Refer to news release dated Nov 1, 2012

21 21


Refer to press release dated Jan 9, 2013

Trench

14

Trench

11

Trench

10

Trench

12

Trench

12

Trench

13

Calibre DDH 7.48 Cu, 2.36 Au,

316.13 Ag, 1.40 Pb,

3.28 Zn/6.5m

2.66 Cu, 0.28 Au,

113.11 Ag, 0.016 Pb,

0.17 Zn/6.0m

5.21 Cu, 4.40, Au, 144.01 Ag,

2.42 Pb, 0.67 Zn/12.1m

0.21 Cu, 3.49 Ag/117.0m

Incl. 0.42 Cu, 7.00 Ag/50.0m

Prospect Pit

6.28 Cu, 0.74 Au,

132.75 Ag/2.8m

1.65 Cu, 0.17 Au,

23.25 Ag/8.3m

0.22 Cu, 0.10 Au,

1.64 Ag/8.3m

0.13 Cu, 0.16 Au, 2.11 Ag/61.9m

Incl. 0.51 Cu, 0.25 Au, 10.41 Ag/11.5m

Calibre DDH

4.46 Cu, 10.84 Au, 97.40 Ag,

0.33 Pb, 3.28 Zn

4.18 Cu, 1.46 Au, 34.50 Ag,

11.15 Pb, 12.62 Zn

22 22


0.51% Cu, 0.25 g/t Au,

10.41 g/t Ag / 11.5m

0.13% Cu, 0.16 g/t Au,

2.11 g/t Ag / 61.9m

0.42% Cu,

7.00 g/t Ag/50.0m

0.21% Cu,

3.49 g/t Ag/117.0m

Trench 12 Intercept

7.48% Cu, 2.36 g/t Au, 316 g/t Ag,

1.40% Pb and 3.28% Zn/6.5m

BB10-001

BB10-002

(projected 100m north)

Refer to press release dated Jan 9, 2013

23 23


Supergene

Copper Blanket

Leached Cap

24 24

Reasons to Invest

Past producing project with

significant economic

potential

• Previously a high grade, open-pit

mine with historic production of

245 million lbs Cu, 160,000 oz

Au and 2.61 million oz Ag

• Potential for project with

excellent economics at current

copper price levels

• Proximity to emerging and active

mining districts

Robust resource base with

exploration upside

• Stockpiles include a NI 43-101

compliant inferred resource of 8

million tonnes containing 108.5

million lbs Cu, 118,500 oz Au and

2.4 million oz Ag (1.01% Cu Eq.

grade1)2,3

• Excellent drill and trenching

results illustrate the potential to

establish a significant high grade

resource

Well positioned in a stable

and emerging mining district

with strong management

• Located in the prolific Mining

Triangle of northeast Nicaragua,

host to several significant copper

and gold porphyry deposits

• Stable, pro-mining government

with supportive mining laws and

a reasonable mining tax regime

• Highly experienced management

team with strong Central

American Focus





25

TSX-V: ALR

65 Queen Street West, Suite 800

Toronto, ON, M5H 2M5

[email protected]

Follow us:

Joseph Arengi

President and CEO

(416) 309-4296

[email protected]

Don Dudek

Chairman

(416) 861-2261

Michael McAllister

Manager, IR

(416) 309-2134

[email protected]

26 26

Hole ID Area

To Thickness Cu Au Ag

From (m) (m) (m) (%) (g/t) (g/t)

D901 Sta Rita 75 85.9 10.9 0.36 0.15 6.32

" 89 92 3 0.12 1.27 3.57

D906 R-13 213 217 4 0.49 1.15 4.40

D910 Sta Rita 50 115 65 0.20 1.48 (1.00 cut) 2.00

Including 84 92 8 <0.1 6.90 (3.03 cut) <0.1

and 100 115 15 0.57 1.52 5.93

and 106 110 4 1.46 3.22 15.25

D911 R-13 173 179 6 0.05 1.86 3.15

and 262 292 30 0.31 1.10 5.78

including 289 292 3 0.80 10.45 (10.33 cut) 21.83

including 290 291 1 0.48 30.37 (30.00 cut) 11.6

D912 Santa Rita 156 158 2 1.24 1.45 12.25

and 197 201 4 0.03 1.76 0.09

D914 Sta Rita 235 250 15 0.04 15.82 (5.62 cut) 0.23

including 240 248 8 0.04 29.54 (9.38 cut) 0.29

including 241 243 2 0.04 110.69 (30.00 cut) 0.60

D915 Santa Rita 57 63 6 0.36 0.15 3.07

and 96 149 53 0.50 0.08 6.44

including 128 138 10 1.42 0.18 20.45

and 129 133 4 1.94 0.25 30.05

D916 Santa Rita 7 12 5 0.33 0.09 1.14

D917 Santa Rita 0 55 55 0.05 0.31 0.86

including 8 14 6 0.19 1.07 3.62

and 98 105 7 0.32 0.13 4.37

and 165 169 4 0.35 0.55 2.40

D918 Santa Rita 71 85 14 0.87 0.81 7.96

Santa Rita and R-13 Drill Highlights

Excellent drill results illustrate the potential to establish a significant high grade resource

Refer to press release dated May 31, 2011; Nov 1, 2012

27 27 Note: Alder has not yet verified the historic drill results reported herein and does not intend to use this information for purposes

other than planning and prioritizing exploration targets. See News Release of May 31, 2012 and September 11, 2012

Santa Rita/R-13 Deposit Skarn Cu Mineralization

2.27Cu/ 16.7m 0.54Cu/ 24.4m

D916:0.33Cu / 5m

D907 :0.09Cu / 24m D918: 0.87Cu / 14m

D912 :0.29Cu / 14m

D912: 0.03Cu / 4m

D910: 0.2Cu / 65m

D917: 0.32Cu / 7m

D901: 0.36Cu / 10.9m

D915:1.42Cu / 10m

D903:0.01Cu / 1m

D911:0.9Cu / 6m D911:0.8Cu / 3m

D911:0.67Cu / 5m

D911:0.05Cu / 6m

D906:0.49Cu / 4m

Santa Rita Pit R-13 Pit

28 28 Note: Alder has not yet verified the historic drill results reported herein and does not intend to use this information for purposes

other than planning and prioritizing exploration targets. See News Release of May 31, 2012 and September 11, 2012

Santa Rita/R-13 Deposit Skarn Au/Ag Mineralization

Crosscutting New Gold Zones

D916: 0.09, 1.14 / 5m

D907: 0.15, 0.05 / 24m

D918: 0.81, 7.96 / 14m

D912: 0.51, 2.60 / 14m

D912: 1.76, 0.09 / 4m

D910: 1.48, 2.00 / 65m

D917: 0.13, 4.37 / 7m

D901: 0.15, 6.32 / 10.9m

D903: 0.33, 9.00 / 1m

D915: 0.18, 20.45 / 10m

D911: 0.05, 12.60 / 6m

D911: 10.45, 21.83 / 3m

D911: 0.16, 15.86 / 5m

D911: 1.86, 3.15 / 6m

D906: 1.15, 4.40 / 4m

Santa Rita Pit R-13 Pit

29 29

Bambana Prospect – T3 Zone Bench Sample

3.07% Cu, 0.14 g/t Au and 14.4 g/t Ag over 1 m

* Refer to news release dated Jun 13, 2012 and Nov 1, 2012

30 30

Ground Magnetic Survey – 108 km

A number of prospective anomalies warrant follow-up exploration work

31 31

Geophysics Compilation

A number of prospective anomalies warrant follow-up exploration work

IP Targets

Santa Rita Pit

R-13 Pit

Business

Alder Presentation October 2013