Aldershot entered into an option agreement dated June 28, 2005 to acquire a 100% interest in five groups of mineral claims located in the province of British Columbia in Canada. The five prospective uranium properties cover 115 claim blocks totaling approximately 34,000 hectares.

During 2007 Aldershot conducted exploration at its Atlin East, Grand Forks and Kelowna-Beaverdell Project areas and the Company decided not to pursue its interest in the Atlin, Grand Forks and Okanagan/Oliver properties.

On 24 April 2008, the British Columbia Minister of State for Mining Kevin Krueger announced a ban on uranium exploration and mining in the province and that the Government of British Colombia was establishing a "no registration reserve" under the Mineral Tenure Act for uranium and thorium. The reserve is aimed at ensuring any future claims do not include the rights to uranium.

The effect of the BC Government's moratorium on uranium exploration and development is a significant disappointment to the Company and was completed without due process or any consultation. As a result of this action by the government, management has decided to withdraw from uranium exploration in British Colombia and is currently returning the properties to the vendor.

Further information is contained in the Audited Annual Financial Statement released May 5, 2008 and Management’s Discussion & Analysis released July 7 2008.