Is there a news release in regard to the PP? I didn't see one but when looking I found this one from last week that wasn't posted.

TORONTO, ONTARIO -- (Marketwire) -- 01/09/12 -- Alder Resources Ltd. ("Alder") (TSX VENTURE:ALR) is pleased to announce that it has filed on SEDAR (www.sedar.com) a National Instrument 43-101 Technical Report entitled "Technical Report on the Copper-Gold-Silver Porphyry/Skarn Project at the Rosita D Concession" and dated January 5, 2012.

Joseph Arengi, President and CEO of Alder, stated: "We are very pleased to be able to present a document that will serve as a solid reference point for our Rosita asset. The abundance of historic copper, gold and silver mineralization on the property and obvious quality targets will provide, in management's opinion, a great chance for Alder to quickly build value for our shareholders."

The Technical Report was prepared for Alder by Mr. Geoffrey S. Carter, P. Eng., who is a Principal of Broad Oak Associates, independent of Alder and a qualified person as defined in National Instrument 43-101 ("NI 43-101").

The Rosita Project

Alder has entered into an option agreement to acquire from Calibre Mining Corp. a 65% interest in the Rosita D concession (as disclosed in a press release issued by Alder on August 22, 2011), which hosts the historic open pit Santa Rita copper-gold-silver deposit from which 5.37 million tonnes of ore grading 2.06% copper, 0.93 g/t gold, and 15.08 g/t silver was extracted. The mine closed in 1975 due to low copper prices. Alder's management believes that a substantial amount of copper-gold-silver mineralization lies both below and adjacent to the Santa Rita pit. Recent 1 metre vertical channel sampling at the mine dumps returned individual channels with average values of up to 2.27% total copper, 1.76% soluble copper, 2.37 g/t gold and 24.60 g/t silver. The average grades for the 17 sample traverses are 0.55% total copper, 0.28% soluble copper, 0.47 g/t gold and 8.73 g/t silver with traverse lengths of between 5 and 36 metres. Historic drilling below the Santa Rita pit returned intercepts that included 2.27% copper, 0.21 g/t gold and 30.85 g/t silver over 16.7 metres true width at a vertical depth of 225 metres below the assumed base of the pit. The mineralization at the Rosita deposit is open to depth and along strike.

The Bambana prospect, located four kilometres northwest of the Santa Rita open pit, returned historic intercepts of up to 0.43% copper and 6.54 g/t silver over 42.0 metres and 0.51% copper, 0.25 g/t gold and 10.41 g/t silver over 11.5 metres in two diamond drill holes completed in 2010. A review of this area by Alder confirmed copper porphyry-style alteration and sulphide mineralization.

Alder has started a 5,000 metre reverse circulation drill program with 1,100 metres allocated to characterizing grade and geometry of the old mine dumps. Subsequent drilling will test high priority targets around the old Santa Rita and R-13 pits. Alder plans to use the results of this initial work to develop an aggressive drill program that will be designed to lead to a resource estimate.

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.

Qualified Person

Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder and a qualified person under NI 43-101, has reviewed and approved the scientific and technical information in this news release.

About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal projects throughout Latin America. Current focus is on the Rosita project in Nicaragua located 275 km northeast of Managua. Alder will continue to build its property position with strategic acquisitions.

Alder Resources Ltd.

Joseph Arengi, President & CEO