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 that
drilling has commenced at the Kamistiatusset ("Kami") Iron Ore Project in
western Labrador. A second drill rig is currently being mobilized at Kami and a
third drill will be on the property by the start of next week. The CDN $5
million program will consist of 20,000 metres of drilling using all three drills
and is expected to take 5 months. The drill program is designed to delineate
approximately 500 million tonnes of iron ore in the inferred and indicated
categories.


In conjunction with the drilling program, a further CDN $2 million will be spent
on ground geophysical surveys, metallurgical test work, local infrastructure
upgrades and the completion of a resource estimate and scoping study.


"We are excited to be drilling Kami and to finally be able to show the
investment community the great potential of this iron ore project," says Mark
Morabito, President and CEO of Alderon. "With the successful completion of our
program, we should be able to start pre-feasibility by this time next year."


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 Alderon's 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.


Edward Lyons, P.Geo., the Chief Geologist for Alderon and 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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