ADV Alderon Iron Ore Corp

Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") announces that
it has, effective December 17, 2010, granted incentive stock options to purchase
a total of 3,275,000 common shares of Alderon at an exercise price of $2.85 per
share to certain executive officers, directors, employees and consultants of
Alderon. The options vest in equal quarterly instalments over a period of 24
months and have a term of five years.


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.

ALDERON RESOURCE CORP. 

On behalf of the 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.

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