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TSX-V: ALR

NEWEST ENTRANT IN AN EMERGING COPPER-GOLD

PORPHYRY DISTRICT

November 2012

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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.

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Forward Looking Statements

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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 • 7 km north of Calibre Mining/B2Gold’s Primavera prospect, a significant

copper-gold porphyry discovery • 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)

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.

• 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

Newest entrant to an emerging

mining district

High grade resource

Significant exploration upside

Experienced Management

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Management and Board of Directors

Management Board of Directors Joseph Arengi | President and CEO • 35 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. and 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 which will be important for the company's development of its projects in Nicaragua

Dan Bruno | Director • Over 15 years of investment experience and was

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.

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Share Capital and Share Performance

TSX Venture Symbol ALR

Share Price (Nov 8, 2012) $0.08

Share Price (52-week range) $0.06 - $0.29

Issued and Outstanding 72.8 million

Fully Diluted1 95.9 million

Cash and Marketable Securities $1.0 million

Market Capitalization (Basic) $5.8 million

Insider/Institutional Holders 8.6%

Capital Structure (C$) Share Performance

1. 7,175,000 options outstanding with a weighted average exercise price of $0.21 and a weighted average life of 2.7 years and 15,952,019 warrants outstanding with an exercise price of $0.20 expiring on January 31, 2014.

0.00

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3.50

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$0.10

$0.15

$0.20

$0.25

$0.30

$0.35

$0.40

$0.45

Jan-

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-11

Jul-1

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Sep-

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Jan-

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Jul-1

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Volume Price

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Pric

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AD)

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Rosita Cu-Au-Ag Project

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Project 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$0.5 million already spent)

– Issuance of 1,000,000 shares over a four year period (200,000 shares has been issued)

• NI 43-101 compliant inferred stockpile resource of 108.5 million lbs Cu, 118,500 oz Au and 2,354,300 oz Ag

• Completed an initial 5,500 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 • Historical data suggests a significant precious

metal component to the mineralized system

South Stockpiles

North Stockpiles

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• 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

Project Location Mining in Nicaragua • 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 an attractive tax regime: 3% NSR, 30% Net Profits Tax

• Three producing gold mines: – La Libertad and El Limon Mines

(B2Gold)

– Bonanza Mine (Hemco)

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

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*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.

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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

Forest Reserve

Bonanza 3.0M ozs Au production*

AlderCalibreCalibre-B2GoldHemco

Nicaragua – An Emerging Porphyry District

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

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Project History

• 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%

• Early mining focused on high grade ore (5.37 million tonnes of ore mined grading 2.06% Cu, 0.93 g/t Au and 15.08 g/t Ag) with 2% copper stockpiled

• 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

Exploration History 1906 - 1912 Exploration and mining production

1916 – 1918 Tunnel and drilling

1950 Tunnel sampling and diamond drilling

1955 Diamond drilling

1959 – 1974 Mining

1981 – 1983 Geophysical survey, soil sampling and diamond drilling

1996 – 1998 RC drilling, Geophysical survey and soil sampling

2008 Trenching and rock sampling

2009 – 2010 Trenching, mapping, soil sampling and diamond drilling

2011 - 2012 Channel sampling and RC sampling on stockpiles

High grade deposit with substantial historical copper, gold and silver production

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Project Geology, Targets and Prospects

Multiple highly prospective targets yet to be drilled

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Santa Rita Stockpiles – Compliant Inferred Resource

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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 1. 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. 2. The mineral resource estimate is reported on an undiluted basis. 3. 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. 4. Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal content. 5. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces, contained copper pounds as imperial pounds. 6. 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. 7. 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 Resource

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

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

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Santa Rita and R-13 Deposits

Potential to add additional tonnage to an already robust stockpile resource

Santa Rita and R-13 Drill Plan

29.54/8m

6.90/8.0,

1.76/4m

1.42Cu, 0.18Au,

20.45Ag/10m

0.87Cu, 0.81Au,

7.96Ag/10m

0.80Cu, 10.45Au,

21.83Ag/3m

0.49Cu, 1.15Au,

4.4Ag/4m

14 14 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

15 15 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

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Santa Rita Targets

Multiple Cu-Au-Ag

skarn targets, historic resource

Santa Rita/R-13 corridor, Cu-Au-Ag

skarn

New Au discovery, 29.54 g/t Au/8m

A

B

C

Porphyry Cu target,

strong porphyry textures, highly

anomalous Cu, Au

D

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Santa Rita Targets

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Santa Rita Targets

• Located 4 km northwest of the Santa Rita deposit

• Calibre Mining completed three drill holes that returned intercepts of up to 48 m grading 0.43% Cu, 7.56 g/t Au and 11.5 m grading 0.51% Cu and 0.25 g/t Au

• Prospect pit returned 2.8m grading 6.28% Cu, 0.74 g/t Au, 132.75 g/t Ag

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Bambana 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

Bambana Drill Holes

Close proximity to the Santa Rita pit provides future development upside

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Bambana Prospect – T3 Zone Bench Sample

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

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Ground Magnetic Survey – 108 km

A number of prospective anomalies warrant follow-up exploration work

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Geophysics Compilation

A number of prospective anomalies warrant follow-up exploration work

IP Targets

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Milestone Q4 2012 Q1 2013 Q2 2013 Q3 2013

Diamond Drilling – Santa Rita (7,500 m)

Diamond Drilling – Bambana (2,500 m)

Metallurgical Testing

Resource Estimate – Santa Rita

Scoping Study

General Exploration

Exploration and Development Timeline

Ongoing

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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

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)

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

Newest entrant to a stable and emerging mining

district • 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 an attractive mining tax regime

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.

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TSX-V: ALR

Contact Information 65 Queen Street West, Suite 800

Toronto, ON, M5H 2M5 info@alderresources.ca

Joseph Arengi President and CEO

(416) 309-4296 jarengi@alderresources.ca

Don Dudek Chairman

(416) 861-2261

Michael McAllister Manager, IR

(416) 309-2134 mmcallister@alderresources.ca

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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