Alderon Confirms Iron at North Rose With 31% Iron Over 204 Meters

Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to
announce assay results from the current 2011 winter program on the 100% owned
Kamistiatusset ("Kami") Iron Ore Project in western Labrador. These results are
from North Rose and are all outside of the currently defined National Instrument
("NI") 43-101 resource estimate. Highlights include:




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Drill                   From              To          Length          Total
Hole                 (meters)        (meters)        (meters)        Iron %
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K-11-99                 38.5           168.0           129.5           33.0
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K-11-101                46.5           140.8            94.3           33.0
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K-11-102               110.3           296.0           185.7           30.3
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K-11-104                92.0           296.0           204.0           30.6
  including            176.0           296.0           120.0           33.4
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K-11-106                46.0           142.0            96.0           34.4
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The North Rose Zone is located northwest of Rose Central, which has a currently
defined NI 43-101 indicated resource of 376.1 million tonnes at 29.8% iron and
an additional inferred resource of 46.0 million tonnes at 29.8% iron (refer to
News Release dated April 5, 2011 for further details). This new North Rose Zone
will be part of the updated NI 43-101 resource estimate expected in Q3 2011. The
goal for the updated resource is to delineate 800 million to 1 billion tonnes at
a grade between 28-32% iron ore. The potential increase in tonnage and the grade
are conceptual in nature, there has been insufficient exploration to define a
larger mineral resource and it is uncertain if further exploration will
delineate a larger mineral resource. These updated resource figures 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 Alderon.


"It's exciting to see a new zone yield similar results as those from our 2010
drill program," says Mark Morabito, President and CEO of Alderon. "We are
looking forward to having North Rose included into the resource update later
this year."


Complete assay highlights with drill plan maps and sections are posted on the
Alderon website at: http://www.alderonmining.com/projects/kami/


True widths of the reported intercepts above vary depending on the angle of the
individual drill holes and are estimated to be between 45% and 75% of the core
interval as reported. All samples were prepared from sawn NQ-sized half-core
sections on site in Labrador. Split drill core samples are then sent to SGS
Mineral Services in Lakefield, Ontario for analyses. Total iron analysis is
performed using X-ray fluorescence (XRF) and the magnetic component is
determined by Satmagan magnetic analysis. Standards, blanks, and duplicate
assays are included at regular intervals in each sample batch submitted from the
field as part of an ongoing Quality Assurance/Quality Control program.


About Alderon

Alderon is a leading iron ore exploration and development company in Canada. The
100% owned 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 Property 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. Mr. Lyons has verified the data disclosed in
this news release, including sampling, analytical and test data underlying the
information disclosed in this news release. Mr. Lyons has verified that the
results were accurate from the official assay certificates provided to Alderon.


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

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 about the timing and size of an
increased resource estimate and future 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; 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.


Cautionary Note Concerning Reserve and Resource Estimates

This press release uses the terms "reserves", "resources", "proven reserves",
"probable reserves", "measured resources", "indicated resources" and "inferred
resources". United States investors are advised that, while such terms are
recognized and required by Canadian securities laws, the United States
Securities and Exchange Commission (the "SEC") does not recognize them. Under
United States standards, mineralization may not be classified as a "reserve"
unless the determination has been made that the mineralization could be
economically and legally produced or extracted at the time the reserve
determination is made. Mineral resources that are not mineral reserves do not
have demonstrated economic viability. United States investors are cautioned not
to assume that all or any part of measured or indicated resources will ever be
converted into reserves. Inferred Resources are in addition to Measured and
Indicated Resources. Further, inferred resources have a great amount of
uncertainty as to their existence and as to whether they can be mined legally or
economically. It cannot be assumed that all or any part of the inferred
resources will ever be upgraded to a higher category. Therefore, United States
investors are also cautioned not to assume that all or any part of the inferred
resources exist, or that they can be mined legally or economically. Disclosure
of "contained ounces" is permitted disclosure under Canadian regulations,
however, the SEC normally only permits issuers to report "resources" as in place
tonnage and grade without reference to unit measures. Accordingly, information
concerning descriptions of mineralization and resources contained in this
release may not be comparable to information made public by United States
companies subject to the reporting and disclosure requirements of the SEC.


National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") is a rule developed by the Canadian Securities Administrators, which
established standards for all public disclosure an issuer makes of scientific
and technical information concerning mineral projects. Unless otherwise
indicated, all reserve and resource estimates referred to in this press release
or released by the Company in the future have been or will be prepared in
accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and
Petroleum Classification System. The requirements of NI 43-101 are not the same
as those of the SEC and any reserves reported by the Company in compliance with
NI 43-101 may not qualify as reserves under the SEC's standards.