Alderon Clarifies Technical Disclosure

Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon" or the
"Company") announces that as a result of a review by the British Columbia
Securities Commission ("BCSC"), we are issuing this news release to clarify our
disclosure.


The BCSC identified the following National Instrument 43-101 ("NI 43-101")
compliance issues in the Company's website, corporate presentation, investor
relations material and MD&A:




--  On its website, corporate presentation and investor relations material,
    the Company disclosed global resources for the Kamistiatusset ("Kami")
    Iron Ore Project that add inferred mineral resources to other
    categories.
--  In its corporate presentation, the Company reported the results of an
    economic evaluation; including expected capital costs, operating costs,
    and mine life that are based on Consolidated Thompson's adjacent Bloom
    Lake Mine and the Company has not completed an economic evaluation on
    its own Kami Project.
--  On its website, investor relations materials, corporate presentation and
    MD&A, the Company discloses the quantity and grade of a potential
    mineral deposit and did not include the required disclaimer language or
    the basis on which the quantity and grade had been determined.
--  On its website, investor relations materials, corporate presentation,
    and MD&A, the Company did not identify and disclose the relationship to
    the Company of the qualified person who approved, prepared or supervised
    the preparation of the technical information disclosed therein.



While the Company dedicated significant internal resources to verify the
information contained above, the disclosure to the public through the Company's
website and delivery of certain information in the corporate presentation,
investor relations materials and MD&A was not in complete compliance with NI
43-101.


The Company wishes to clarify this information as follows:



--  The global resource statements regarding the Kami Project are grouped
    resources and non-NI-43-101 compliant. The Company retracts its
    disclosure of the global resource numbers for the Kami Project and
    clarifies that the NI 43-101 compliant resource on the Kami Project
    property consists of an indicated iron ore resource of 490 million
    tonnes at 30.0% iron and an additional inferred resource of 118 million
    tonnes at 30.3% iron based on a cut-off grade of 20% iron. (see April 5,
    2011 press release for further information).
--  The Company clarifies that the results of an economic evaluation
    included in its corporate presentation; including expected capital
    costs, operating costs, and mine life, are based on Consolidated
    Thompson's adjacent Bloom Lake Mine and the Company has not yet
    completed an economic evaluation on its own Kami Project. There is no
    certainty the Alderon's Kami Project will have the same capital costs,
    operating costs or mine life as Consolidated Thompson's Bloom Lake Mine.
--  Potential additional resources are conceptual in nature only; there has
    been insufficient exploration to define an increased mineral resource
    outside the current NI 43-101 compliant resource which consists of an
    indicated iron ore resource of 490 million tonnes at 30.0% iron and an
    additional inferred resource of 118 million tonnes at 30.3% iron based
    on a cut-off grade of 20% iron. It is uncertain if further exploration
    will result in the delineation of any additional mineral resources.
    Estimates for potential additional resources are reported as exploration
    targets based on the presence of step-out mineralized drill holes, known
    mineralized zones open along strike and geophysically anomalous areas
    from data received by the Company.
--  Content of the website, investor relations materials, corporate
    presentation and the MD&A failed to indicate that the disclosure was
    approved by a Qualified Person as defined by NI 43-101. Going forward,
    all website content and materials distributed to the public will provide
    disclosure that it was prepared under the supervision of a Qualified
    Person.



The Company retracts the prior investor presentation and has updated and
provided a new presentation to replace the prior presentation, which is
available on the Company's website at www.alderonmining.com.


In those instances where the Company has retracted, revised, clarified or
updated previous disclosure, the Company advises readers not to rely on such
statements as they may continue to be found in the public domain.


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.


Alderon's exploration work on the Kami Project is supervised by Edward Lyons,
P.Geo., the Chief Geologist for Alderon and a Qualified Person as defined by NI
43-101. Mr. Lyons 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 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. All statements, other than statements of historical fact, included
herein including, without limitation; statements about 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; 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 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. 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.
Alderon Iron Ore Corp (TSXV:ADV)
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