Mario Caron, President & CEO Aldridge Minerals Inc.

TSX‐V: AGM May 2012

2

OUR CORE FOCUSY E N I P A Z A R

Polymetallic project in TurkeyPolymetallic project in Turkey

100 Km2 land package

400+ drill holes completed400+ drill holes completed

3 new mineralized outcrops

WELL DEFINED WITH UPSIDE POTENTIAL

3

LOCATIONY E N I P A Z A R

YENIPAZARAnkara

Istanbul

TURKEY IS EMERGING AS A MAJOR MINING AREA

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LOCATION – AERIAL VIEWY E N I P A Z A R

NEW OUTCROPS

1.7 km1.7 kmDEPOSITDEPOSIT 1.7 km1.7 kmDEPOSITDEPOSIT

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TURKEY AT A GLANCEY E N I P A Z A R

2nd fastest growing GDP behind China2nd fastest growing GDP behind China

Goal is to become 10th largest economy by 2023y

Modern and secular

Rule of lawRule of law

Western mining code

NET IMPORTER OF METALS

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PROJECT HIGHLIGHTSY E N I P A Z A R

VMS depositVMS deposit

1,700 m strike length 

Mineralization near surfaceMineralization near surface

Host to: GOLD 90th PERCENTILE GOLD

SILVER

COPPERLARGE MINERAL GRAINS

90th PERCENTILE BY SIZE*

LEAD

ZINC

LARGE MINERAL GRAINS SIMPLIFY PROCESSING

* Geological Survey of Canada

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8

9

10

RESOURCE ESTIMATE*Y E N I P A Z A R

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 1.16Inferred 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.

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ROBUST ECONOMICS*Y E N I P A Z A R

Net Present Value $209 MillionI t l t f t 23 2% Internal rate of return 23.2%

Discount rate 7% Strip ratio** 4.5:1p Throughput 5,700 t/d  Life of Mine 12 years

CAPEX $198 illi CAPEX $198 million Project payback 3.9 years LOM average cost $29.65/tg $ /

BASE CASE SCENARIO (PEA) – DECEMBER 2010* Based on Preliminary Economic Assessment announced Dec. 20 2010. See page 32  for notes.**  Includes pre‐stripping

( )

12

Improve grade Increase recoveries Increase recoveries Expand resource base

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IMPROVING GRADE – Diamond drill program

Twin drilling program 

p g

completed 2011 Holes 5 meters apart

Results: Results:

49% more gold

42% more silver 49% HIGHER GOLD 42% more silver 

9% more copper 

11% more lead RESULTS PAVE WAY FOR

49% GRADE

14% more zincRESULTS PAVE WAY FOR GRADE IMPROVEMENT

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INCREASING RECOVERIES

Metallurgical testingMetallurgical testing completed by G&T

SGS UK now responsible pfor all metallurgical testing

Gravity concentration prior  79%NEW AU RECOVERY y p

to flotation produceshigher recoveries

HIGH GRADES &

79% RECOVERY RATE

&RECOVERIES GENERATE MORE CASH FLOW

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EXPANDING RESOURCE

Three new mineralizedThree new mineralized outcrops identified

High grade intersectionsg g

Potential for resource expansion <2km FROM MAIN p

PROVIDES BLUE SKY

<2km MINERAL ZONE

PROVIDES BLUE SKY POTENTIAL

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DEVELOPING VALUE

2010* 2012**

NPV $209 Million $643 Million

IRR 23.2% 44.8%

Discount rate 7% 7%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 $29.65/t $29.65/tAVG 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

IMPACT OF PROGRESS

+300%+32%

+307%INCREASE IN

300%32%

+307%

GENERATES HIGHER

INCREASE IN MINE THROUGHPUT

BASED ON HIGHER

NPV VALUE INCREASE

GENERATES HIGHERCASH FLOW THROUGHPUT &

RECOVERIES

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STRATEGIC LOCAL PARTNER

ANT Holding AnonimANT Holding Anonim

Private holding company with interests in media, engineering, construction, g g,

$11.2 million investment

Strong relationships withStrong relationships with local banking & government contacts 30%

OWNERSHIP OF ALDRIDGE

ACCELERATES PATH TO DEVELOPMENT STAGE

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EXPERIENCED BOARD & MANAGEMENT

BOARD MANAGEMENT Barry Hildred, Chairman

Daniella Dimitrov Mario Caron, 

President & CEO & Director

D M ti O l John F. Cook

Ed Guimaraes

Ahmet Tacyildiz

Dr. Martin Oczlon, VP Exploration & Director

Robbert Borst, Ahmet Tacyildiz

Hande Tacyildiz

Meric Oktar

VP Project Development

Jim O’Neill, CFO

Serdar Akca Country Manager Serdar Akca, Country Manager

David Carew, Corp. Secretary

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CAPITAL STRUCTURE*

Shares Outstanding: 53.1 millionll dil d 62 illiFully diluted: 62.4 million

Director/Insider ownership: ~36%52 week range: $0.48 ‐ $1.52Recent price $0 65Recent price: $0.65Market Cap: $33.6 millionTop institutional holders: US Global, Colonial, Libra, 

Sprott CreststreetSprott, CreststreetAnalyst coverage: Clarus, Mackie Research, 

Union Securities

CLEAN CAPITAL STRUCTURE AND STRONG BALANCE SHEET

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* As at May 2012

PROJECT CONSULTANTS

Jacobs Minerals Canada Overseeing & coordinating feasibility studyOverseeing & 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 WORKING TOWARDS FEASIBILITY STUDY

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UPCOMING CATALYSTSQ2 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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INVESTMENT SUMMARY

Advancing towards development stage

Polymetallic project with robust economics

Located in safe, mining friendly jurisdiction

E i d t t Experienced management team

Strategic local partner – ANT Holding

Resource grade and and recovery improvementsResource, grade and and recovery improvements

Catalysts for value creation

PROGRESS BY ORDERS OF MAGNITUDE

24

Mario Caron, President & CEO Aldridge Minerals Inc.

TSX‐V: AGM May 2012

26

OUTLINE OF THE PROCESS FLOWSHEET

CrushingCrushing TailTailPre‐Gravity 

ConcentrationPre‐Gravity 

Concentration

Grinding and ClassificationGrinding and Classification

• Removes mica and clays• Removes mica and clays

ConcentrationConcentration

GRG CircuitGRG Circuit FlotationFlotation

Removes mica and clays • Increases grade of the flotation feed

• Reduces the massto grinding circuit( d)

Removes mica and clays • Increases grade of the flotation feed

• Reduces the massto grinding circuit( d)

Cu FlotationCu Flotation

Pb FlotationPb Flotation

(40% mass rejected)(40% mass rejected)

Gold LeachingGold Leaching

Zn FlotationZn Flotation

• Recovers liberated gold particles 

• Produces  Gold Doré

• Recovers liberated gold particles 

• Produces  Gold Doré

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AGREEMENT WITH ALACER

Agreement with Alacer Gold to earnAgreement with Alacer Gold to earn100 % interest

Remaining deliverable is the Definitive gFeasibility 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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OTHER ASSETS – Kili Teke Projectj

338 square kilometre exploration license in338 square kilometre exploration license in Papua New Guinea 

Project located in area with prospects for j p pgold, silver and copper 

Initial drill program encouragingp g g g

Objective is to seek partnership or transaction that will generate maximum value

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LOCATIONK I L I T E K E

KILI TEKEKILI TEKE

LOCATED CLOSE TO OTHER DEVELOPMENT PROJECTS

30

MORE INFORMATION

www.aldridgeminerals.cawww.aldridgeminerals.ca 

Dave Carew

416 477 6984416 477 6984

dcarew@alridgeminerals.ca

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NOTES

1. Resources are NI 43‐101 compliant and stated as of pDecember 10, 2010.

2. Metal prices used for calculating NPV are based on th t ili ff ti N ba three‐year trailing average effective November 

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 G ld i f 79% b d ll i l4. Gold recoveries of 79% are based on metallurgical testing carried out by G&T Metallurgical Services in Kamloops. See December 1, 2012 Press Release.

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FORWARD-LOOKING STATEMENTS

Certain statements contained in this presentation regarding the company and itsactivities constitute “forward‐looking statements”. All statements that are nothistorical 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” involveknown and unknown risks and uncertainties that could cause actual results and futureevents to differ materially from those anticipated in such statements. Such risks andevents to differ materially from those anticipated in such statements. Such risks anduncertainties include fluctuations in metal prices, unpredictable results ofexploration, uncertainties inherent in the estimation of mineral resources andreserves, fluctuations in the costs of goods and services, problems associated withexploration and mining operations, changes in legal, social or political conditions inth j i di ti h th t l k f i t f di d ththe jurisdictions where the company operates, lack of appropriate funding and otherrisk factors. There can be no assurance that such “forward‐looking statements” willprove to be accurate. Potential investors should conduct their own investigation as tothe suitability of investing in securities of the company.

Martin S. Oczlon, PhD Geo, is the qualified person for the company as required by NIMartin S. Oczlon, PhD Geo, is the qualified person for the company as required by NI43‐101 (Canadian Securities Administrators). The company undertakes no obligationto update any “forward‐looking statements”.

We seek Safe Harbour.

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