ADV Alderon Iron Ore Corp

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Alderon Resource Corp. (TSX VENTURE:ADV) ("Alderon") is pleased to announce
details of the aggressive $7 million program planned on the Kamistiatusset
("Kami") iron ore project in western Labrador. The program will include 20,000
metres (m) of drilling and is designed to delineate approximately 500 million
tonnes of iron ore in the inferred and indicated categories.


The Kami Property is located within the Labrador Trough and is surrounded by
producing iron mines. Kami is located 6.4 kilometres (km) east of Consolidated
Thompson's Bloom Lake Deposit and is within close proximity to road, railway and
the mining towns of Wabush, Labrador City and Fermont. 


In 2006 and 2007, Altius Minerals Corporation ("Altius") carried out
reconnaissance mapping, an airborne geophysical survey, 69.7 km of ground
magnetic and gravity surveys, satellite imagery interpretation and 6,130 m of
diamond drilling in 27 holes. The 2010 program will follow up on Altius' work. 


Program Details

The 2010 program will consist of 20,000 m of drilling, ground geophysical
surveys, metallurgical test work and infrastructure upgrades and will total
approximately $7 million. The program is scheduled to commence in the first week
of June 2010 and is set to be carried out over a 5 month period. Following the
completion of the program, a scoping study, including resource estimate will be
carried out.


The 20,000 m drill program will utilize 3 drills and will be directed at
expanding the known mineralization at both the Rose and Mills Zones. An internal
estimate based on drilling to date, has outlined these two zones to have the
potential to contain 200 to 250 million tonnes at a grade between 28 - 34% iron
ore. The potential tonnage and grade are conceptual in nature and it is
uncertain if further exploration will delineate a mineral resource. The 20,000 m
program is designed to delineate approximately 500 million tonnes of iron ore.


The ground geophysical surveys will consist of both ground gravity and magnetic.
A total of 35 line kilometres of geophysics will be carried out and will
commence in conjunction with the drilling. These surveys will aid in modeling
the currently defined mineralized zones, will assist in extending the Rose Zone
to the northeast, and will identify any potential new targets north of the
existing mineralization. 


Metallurgical test work will commence in the third quarter of 2010. Metallurgy
carried out by Altius determined a preliminary iron recovery of 88.6%.


Additional information and maps showing drill hole locations, as well as the NI
43-101 Technical Report for the Kami Property (dated February 12, 2010), can be
found on the Company website at: http://www.alderonmining.com. 


About Alderon

Alderon is a leading iron ore exploration and development company in Canada. The
Kami Project is located within an existing iron ore district and is slated for
near term production. The Alderon team is comprised of skilled professionals
with significant iron ore expertise to advance Kami towards production.


Stewart Wallis, P.Geo., a Qualified Person as defined by NI 43-101, has reviewed
and is responsible for the technical information contained in this news release.


For more information on Alderon, please visit our website at www.alderonmining.com.

ALDERON RESOURCE CORP.

On behalf of the Board

Mark Morabito, President & CEO

This new release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements.

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