Alderon Resource Corp. (TSX-V: ADV) (“Alderon”) is pleased to announce the appointment
of Mr. Edward Lyons, P.Geo., as Chief Geologist. Mr. Lyons has been an active exploration
and development geologist for over 35 years and has been involved in a variety of projects in
North and South America, including the Labrador Trough iron ore projects of Consolidated
Thompson Iron Mines Ltd (“Consolidated Thompson”).

From 2002 to 2008, Mr. Lyons worked for Quinto Mining Corp (Quinto), which had projects in
northeast Quebec and western Labrador. Quinto was purchased by Consolidated Thompson in
June 2008 and Mr. Lyons continued on as Chief Geologist into 2009. During his time with
Consolidated Thompson, Mr. Lyons executed a 12,000 metre (m) program that generated a
resource of approximately 700 million tonnes at 30% Iron oxide. From his experience in the
Labrador Trough, Mr. Lyons has a thorough understanding of the structural and metallurgical
complexities of these types of deposits.

“We are very pleased that Edward has joined our team, “says Mark Morabito, President and
CEO of Alderon. “His expertise in project management coupled with his knowledge of the
Labrador Trough iron ore projects will be invaluable in driving our Kami Project through the
development phase and beyond.”

Drilling Contract

Alderon is also pleased to announce that it has signed a drilling contract with Landdrill
International Inc. (“Landdrill”) for the 20,000 m drill program that is scheduled to commence
June 1, 2010 on the Kamistiatusset (“Kami”) iron ore project in western Labrador. The three
drills will be mobilized onto the property at the end of May and will remain for the duration of the
program, which is expected to take 5 months. The program will total approximately $7 million
and is designed to delineate approximately 500 million tonnes of iron ore in the inferred and
indicated categories.

Landdrill is an international company that has drilled throughout the world and in extreme
conditions. The Canadian branch is located in western Quebec and the Landdrill management
team has a combined total of 150 years experience in the drilling industry.

The Kami Property is located within the Labrador Trough and is surrounded by producing iron
mines. Kami is located 6.4 kilometres (km) east of Consolidated Thompson’s Bloom Lake
Deposit and is within close proximity to road, railway and the mining towns of Wabush, Labrador
City and Fermont.

Additional information and maps showing drill hole locations, as well as the NI 43-101 Technical
Report for the Kami Property (dated February 12, 2010), can be found on the Company website

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.

For more information on Alderon, please visit our website at

On behalf of the Board

"Mark Morabito"
President & CEO

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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.

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