Alderon Resource Corp. - (TSX-V: ALD) (the “Company”) is pleased to announce the results of its
annual general and special meeting (“Meeting”) of shareholders that was held earlier today. Shareholders
of the Company elected as new directors Messrs. Jeff Durno, Robert Chisholm, Jeff Pontius, Aron
Buchman and Craig Goldenberger. Mr. Durno was also appointed as President and Chief Executive
Officer and Robert Chisholm was appointed as Chief Financial Officer.

The Company also received authorization of its shareholders to complete a consolidation of it’s share
capital. As disclosed in the Company’s news release dated December 2, 2009, it is a condition to the
completion of the contemplated acquisition that the Company consolidate its common shares on a two for
one basis. Subject to regulatory approval the Company intends to complete the consolidation
contemporaneous with the completion of the acquisition. The acquisition remains subject to regulatory
approval.

The Company wishes to thank Reza Mohammed, Peter Born, Anita Algie and Aleece Gibb for their years
of dedication and hard work with the Company and wishes each of them all the best in their future
endeavours.

ALDERON RESOURCE CORP.
On behalf of the Board

"Jeff Durno"
Jeff Durno, CEO/Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 forwardlooking
statements.