Mr. Clive Massey reports

ALDEVER CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Aldever Resources Inc. has received TSX Venture Exchange approval and closed the first tranche of its non-brokered private placement, initially announced on March 22, 2017.

The company raised $291,800 through the sale of 4.21 million units at a price of eight cents and six cents per unit. Each unit sold at a price of eight cents contained one flow-through common share and one-half transferable share purchase warrant. Each unit sold at six cents contained one non-flow-through common share and one transferable share purchase warrant. Each whole share purchase warrant will be exercisable at a price of 12 cents for 36 months from the date of closing.

Finders' fees of 10 per cent cash equivalent to $15,680, 5 per cent warrants equivalent to 49,000 and 5 per cent common shares equivalent to 98,000 are payable to EMD Financial Inc.

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 purposes.

We seek Safe Harbor.