Aldever Closes First Tranche of Non-Brokered Private Placement

ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com

ALDEVER CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

March 24, 2017

Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) is pleased to announce that it 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 4,210,000 units at a price of $0.08 and $0.06 per unit. Each unit sold at a price of $0.08 contained one (1) flow through common share and one-half (1/2) transferrable share purchase warrant. Each unit sold at $0.06 contained one (1) non-flow through common share and one (1) transferrable share purchase warrant. Each whole share purchase warrant will be exercisable at a price of $0.12 for 36 months from the date of closing.

Finder’s fees of 10% cash equivalent to $15,680, 5% warrants equivalent to 49,000, and 5% 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.

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.