Aldridge Minerals Announces Increase in Exercise Price of Previously Granted
Options to New Directors

www.aldridgeminerals.com                                                                                                              TSX-V-AGM    
Frankfurt: AIW

TORONTO, Dec. 10 /CNW/ - Aldridge Minerals Inc. (TSX-V: AGM) ("Aldridge" or the "Company") today announced that 400,000 stock options previously granted to new directors on November 9^th, 2010 have been re-priced. These options are now exercisable at a price of $1.11 per common share versus the $0.95 stipulated in the November 9^th, 2010 press release. All other terms of the stock options remain the same.

About Aldridge Minerals

Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. Aldridge has also identified several other prospective opportunities in Turkey as well as Papua New Guinea, where the company has amassed a large property position with a systematic exploration program currently being conducted.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Aldridge Minerals Inc., Jacob Willoughby, President and Director, [phone], www.aldridgeminerals.com; The Equicom Group Inc., Patrick Piette, [phone] x 267 or Dave Feick, [phone], www.equicomgroup.com