Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") announces that
it has, effective February 9, 2011, granted incentive stock options to purchase
a total of 1,500,000 common shares of Alderon at an exercise price of $3.70 per
share to certain executive officers and directors of Alderon. The options vest
in equal quarterly instalments of a period of 24 months and have a term of five
years.


Alderon also announces the appointment of Patrick Gleeson as Corporate Secretary
of Alderon. Mr. Gleeson was formerly a member of the Board of Directors of
Alderon and is the past Corporate Secretary and Counsel of Consolidated Thompson
Iron Mines Limited. He provides corporate and securities legal advice to a
number of reporting issuers in the resource industry. Sheila Paine will remain
with Alderon as Assistant Corporate Secretary.


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
Alderon Iron Ore Corp (TSXV:ADV)
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