Mt Thomas & Mt Wedge [Northern Territory]

Mt Thomas Project

Aldershot has entered into a purchase and sale agreement with a subsidiary of Crossland Uranium Mines Limited (ASX:CUX) to sell its interest in the Mount Thomas property (EL24557) in the Northern Territory of Australia.  Aldershot is entitled to a 2% NSR through an accompanying Royalty Deed.

The transaction closed on February 28, 2008.

Further information is contained in the March 17, 2008 press release.

Mt Wedge Project

Aldershot entered into a Tenement Swap Agreement with Thundelarra Exploration Ltd. (Australia Stock Exchange: THX). The terms of the “swap” were THX would exchange its five tenements located around the Company’s Yuinmery uranium property in the Murchison region of Western Australia for the Company’s Mt Wedge tenement located in the Ngalia Basin region of the Northern Territory. The “swap” is for consideration of $1.00 along with a royalty to be paid by each party to the other of $1.00 per tonne of ore mined to a maximum of $500,000 each.

As the Mt Wedge Licence (EL24561) is still an application it cannot be transferred. Once the Licence is granted it will be transferred to Thundelarra.

Further information is contained in the March 2, 2007 press release.