Aldever closes non-brokered Private Placement

Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) is pleased to announce that it has closed its non-brokered private placement, initially announced March 30, 2016.

The Company raised $389,949.90 through the sale of 2,599,666 units at a price of $0.15 per unit. Each unit sold with a non-flow through share will contain one (1) common share and one (1) whole share purchase warrant. Each unit sold with a flow through share will contain one (1) common share and one-half (1/2) share purchase warrant. Each whole share purchase warrant will be exercisable at a price of $0.175 for 36 months from the date of closing. Of these units sold, 333,000 were non-flow through shares, and 2,266,666 were flow through shares. Finder’s fees of $30,600 cash and 204,000 share purchase warrants are payable to Secutor Capital Management Corp. in connection with this placement. TSX Venture Exchange approval will be granted April 5, 2016.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation.

Proceeds from the offering will be used to finance exploration programs on the Company’s properties and for general working capital and corporate purposes.

For further information, please contact:

Clive Massey, President
Aldever Resources Inc.,
Phone: (604) 644-6794

Neither the 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. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward‐looking statements”. Forward‐looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.