Alderon Clarifies Drill Target

Alderon Resource Corp. (TSX VENTURE:ADV) - 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

At the request of IIROC, Alderon Resource Corp. (TSX VENTURE:ADV) is issuing a
clarification regarding the quantified drill target stated in its previous news
release dated June 2, 2010. The 20,000 metre drill program is designed to
outline a potential of 400-500 million tonnes at a grade between 28-34% iron ore
in two zones based on historical drilling carried out in 2008. The potential
tonnage and grade are conceptual in nature and it is uncertain if further
exploration will delineate a mineral resource. 


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 slated for
near term production. The Alderon team is comprised of skilled professionals
with significant iron ore expertise to advance Kami towards production.


Stewart Wallis, P.Geo., a Qualified Person as defined by NI 43-101, has reviewed
and is responsible for the technical information contained in this news release.


ALDERON RESOURCE CORP. 

On behalf of the Board

Mark Morabito, President & CEO

This news release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in 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. We do not
assume any obligation to update any forward-looking statements.