Alderon Appoints New Directors
14 December 2010 - 1:00AM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
is pleased to announce the appointment of Mr. Brian Dalton, Mr.
John Baker and Mr. David Porter to the Board of Directors of
Alderon, effective immediately.
In connection with the Alderon News Release dated December 8,
2010, Mr. Dalton, the President & CEO of Altius Minerals
Corporation ("Altius") (TSX: ALS) and Mr. Baker, the Chairman of
Altius, have joined the Alderon Board of Directors. Alderon
recently acquired its 100% interest in the Kamistiatusset ("Kami")
iron ore project from Altius, in exchange for which Altius has now
become a substantial shareholder of Alderon and the holder of a
royalty interest over the Kami project. Mr. Porter is an executive
with over 33 years experience who was most recently the Vice
President Administration for the Iron Ore Company of Canada, a
member of the Rio Tinto group.
Mr. Dalton co-founded a number of successful private mineral
exploration and exploration service companies prior to co-founding
Altius in 1997. Since 1997 he has served as the President and CEO
of Altius, during which time it has achieved strong growth and is
now a member of the TSX SmallCap Index. He is a member of the Board
of Regents of Memorial University and has been a volunteer for
various charitable fundraising campaigns in Newfoundland and
Labrador.
Mr. Baker is the senior partner and chairman of a leading
Newfoundland and Labrador law firm and carries on an extensive
mining, securities, and corporate/commercial practice. His history
of public company, community and volunteer directorships is
considerable. Mr. Baker's volunteer contributions have been
recognized with the Queen's Golden Jubilee Medal, the Canadian Bar
Association Award for Distinguished Public Service and a Paul
Harris Fellowship by Rotary International. He was recently named
"St. John's Corporate Lawyer of the Year" by the respected peer
review publication Best Lawyers®.
Mr. Porter, MBA is a seasoned executive who has served as Vice
President Human Resources & Organizational Effectiveness for
the Iron Ore Company of Canada, a C$2Billion Canadian based
Corporation. He has also been responsible for Operations, Safety,
Health, Sustainable Development, Communications and Community
Relations across the mining and steel sectors for over 33 years.
Mr. Porter has lead the development and execution of business
strategy, negotiated landmark agreements with international unions,
governments and communities and lead business transformation
initiatives.
Stepping aside to make room for the above appointments will be
Mr. Pat Gleeson and Mr. Jeff Pontius. The Board of Directors would
like to thank Mr. Gleeson and Mr. Pontius for their exemplary
service over the last year.
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 surrounded by producing iron ore mines.
The Alderon team is comprised of skilled professionals with
significant iron ore expertise to advance Kami towards
production.
For more information on Alderon, please visit our website at
www.alderonmining.com.
ON BEHALF OF THE ALDERON BOARD
Mark J. Morabito, President & CEO
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the risks associated with outstanding litigation, if any;
risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral
processing; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key
personnel; the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects; the
absence of dividends; competition; dilution; the volatility of our
common share price and volume; and tax consequences to U.S.
shareholders. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable law. Investors are cautioned against attributing
undue certainty to forward-looking statements.
Neither 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.
Contacts: Alderon Resource Corp. - Vancouver Office Mark J.
Morabito President & CEO 604-681-8030 604-681-8039 (FAX)
info@alderonmining.com www.alderonmining.com Alderon Resource Corp.
- Toronto Office 416-309-2135 416-861-5887 (FAX)
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