Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF)(PINK SHEETS:ALDFF)
("Alderon") is pleased to announce that its name has changed to Alderon Iron Ore
Corp. Alderon has renamed itself to properly reflect its focus on the
development of Kamistiatusset ("Kami") Iron Ore Project.


Alderon's trading symbols: ADV on the TSX Venture Exchange and ALDFF on the
OTCQX, will remain unchanged. It is anticipated that the Company's common shares
will commence trading on the TSX Venture Exchange under the new name on or about
October 5, 2011. Alderon's new website address is www.alderonironore.com. 


About Alderon 

Alderon is a leading iron ore development company in Canada with offices in
Vancouver, Toronto, Montreal and St. John's. The 100% owned Kami Project is
located within Canada's premier iron ore district and is surrounded by four
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.alderonironore.com. 


ALDERON IRON ORE CORP. 

On behalf of the Board

Mark J Morabito, Executive Chairman

Cautionary Note Regarding Forward-Looking Information

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. All statements, other than statements of historical fact, included
herein including, without limitation; statements aboutfuture exploration on and
the development of the Kami Project are forward-looking statements. 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 need for additional financing; operational risks associated with
mineral exploration; the need for permits; 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
the additional risks identified in the "Risk Factors" section of the Company's
Annual Information Form for the year ended December 31, 2010 other reports and
filings with the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and Alderon
undertakes no obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change, except as required
by applicable securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.


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