Alderon Announces Further Board Appointments on Closing of Pending Acquisition

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

Alderon Resource Corp. (TSX VENTURE:ALD) is pleased to announce that the
following four individuals will join the board of directors of Alderon on
closing of the pending acquisition of a private British Columbia company
("Privco"), by the issuance of 5 million post-consolidated common shares of
Alderon. Privco is party to an Option Agreement dated November 2, 2009 with
Altius Resources Inc. ("Altius") pursuant to which Privco has the right to
acquire a 100% interest in the Kamistiatusset iron ore project in western
Labrador. Altius is a wholly owned subsidiary of Altius Minerals Corporation
(TSX-ALS). Pursuant to the terms of the Agreement, Altius has consented to the
assignment of the Option Agreement to Alderon. Other terms of the Option
Agreement are described in the Company's December 2, 2009, December 16, 2009 and
January 15, 2010 News Releases.


Stan Bharti - Stan Bharti will bring over 25 years of business, management and
financing experience to Alderon. Over the last ten years Mr. Bharti has been
involved in acquiring, restructuring, and financing public companies. Mr. Bharti
has raised over $2 Billion in public markets over the last five years. His
experience in public markets includes acquisitions of companies in Europe,
Australia and North America. He holds a Masters Degree in Engineering from
Moscow, Russia and University of London, England. Mr. Bharti will be appointed
Executive Chairman of Alderon.


Bruce Humphrey - Bruce Humphrey is a mining engineer with over 30 years
experience with such major companies as Inco, Cominco and Noranda. He served as
the President and Chief Executive Officer of Desert Sun Mining Corp. from
October 2004 to April 2006 where he contributed to the successful development of
the Jacobina Mine in Brazil. From May 1998 to May 2004, Mr. Humphrey served as
Senior Vice President and Chief Operating Officer at Goldcorp Inc. during the
re-development of its high-grade Red Lake mine. He is a member of the
Professional Engineers of Ontario.


Brad Boland - Brad Boland is a Certified Management Accountant. He was the Chief
Financial Officer of Consolidated Thompson Iron Mines Limited until July 2009.
From May 2005 to September 2007, he was at Kinross Gold Corp., most recently
serving in the position of Vice President, Corporate Controller. Prior to that,
from August 1998 to February 2005, Mr. Boland was at Goldcorp Inc., as Corporate
Controller and the Vice President, Finance.


Patrick Gleeson - Patrick Gleeson is a practicing corporate finance and
securities lawyer. Prior to establishing his own private public company services
corp, he was a lawyer at a major Canadian law firm, with a focus on mergers and
acquisitions. He holds a J.D. and a M.A. from the University of Toronto, and
obtained a B.A. from Queen's University.


At closing of the acquisition of Privco, which will include a 2 for 1 share
consolidation, the board of directors of Alderon will consist of Stan Bharti,
Mark J. Morabito, Bruce Humphrey, Brad Boland, Jeff Pontius and Patrick Gleeson.
It is also intended that Mr. Morabito will be appointed President and CEO of
Alderon. The acquisition and the recently announced $10,000,000 private
placement remain subject to regulatory approval.


We seek Safe Harbor.

ALDERON RESOURCE CORP.

On behalf of the Board

Jeff Durno, CEO/Director

This new 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.