Alderon Resource Corp. (TSX.V: ADV) (OTCQX: ALDFF) (“Alderon”) is pleased to announce the appointment of Matt Simpson as Chief Operating Officer, effective as of mid-September. Mr. Simpson has spent the past 8 years working for the Iron Ore Company of Canada (“IOC”), a RioTinto subsidiary, most recently as Mine General Manager. He holds a MBA as well as a B.Sc. in Chemical Engineering both from Queen’s University. Mr. Simpson will be based out of the Toronto Forbes and Manhattan office.
Prior to joining IOC, Mr. Simpson worked as a process engineer for Hatch designing and debottlenecking metallurgical refineries around the world. In 2002, he joined the IOC where he has held several progressive roles in Business Evaluation, Operations Planning, Continuous Improvement and for the past three years as Mine General Manager. His work with the IOC took place at their Carol Lake Iron Ore Deposit in Labrador, located only 18km north of Alderon’s Kami Project. Hence, Mr. Simpson not only has extensive experience in mine design, operations and project management, he also has a great deal of knowledge working within the Labrador Trough.
“We are very pleased that Matt has joined our team”, says Stan Bharti, Executive Chairman of Alderon. “His education and professional background, especially his work experience with the IOC, will be invaluable in the development of the Kami Iron Ore Project.”
Matt Simpson states, “I’m very excited to be joining Alderon at such an important time. The company is led by individuals with a proven track record, such as Mark Morabito and the previous Consolidated Thompson management including Stan Bharti and Bruce Humphrey. I’m looking forward to working with this strong management team and taking Kami straight through to production in a timely manner.”
Alderon is granting to Mr. Simpson, under the terms of its stock option plan, options to purchase up to 250,000 common shares at a price of $1.20 per share. The options are subject to vesting over a two year period and have an expiry date of July 22, 2015.
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.
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
Vancouver Office Toronto Office
T: 604-681-8030 T: 416-861-5877
F: 604-681-8039 F: 416-861-5887
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