Alderon adds two Experienced Female Mining Executives to Board and Management Team

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 11, 2013) - Alderon Iron Ore Corp. (TSX:ADV) (NYSE MKT:AXX) ("Alderon" or the "Company") announces that Ms. Diana Walters, President and CEO of Liberty Metals & Mining Holdings, LLC ("LMM") has joined the Alderon Board of Directors in place of Mr. Noel Dunn who has resigned. In addition, Alderon has appointed Evelyn Cox as Vice President Corporate Communications.

Director Appointment

Ms. Diana Walters is President and CEO of LMM. LMM is one of the Company's largest shareholders, owning approximately 14.5% of the issued and outstanding common shares.

Ms. Walters has twenty-seven years of experience in the Natural Resources sector, both as an investment banker and in operating roles. Before joining LMM, she was a Managing Partner of Eland Capital, LLC, a Natural Resources advisory firm. Ms. Walters has extensive investment experience with both debt and equity through leadership roles at Credit Suisse, HSBC and other firms. Ms. Walters graduated with honors from the University of Texas at Austin with a BA in Plan II Liberal Arts and an MA in Energy and Mineral Resources.

Ms. Walters replaces Mr. Dunn as the representative of LMM on the Alderon Board of Directors. Mr. Dunn has provided significant contributions over the almost two year period he has served on the Board. The Board would like to acknowledge and thank Mr. Dunn for his significant contributions to the Company's development to date.

Appointment of Vice President Corporate Communications

Ms. Cox brings over 10 years of experience in the public markets within the mineral exploration sector. In her role, Ms. Cox will be responsible for developing and managing Alderon's communications activities. Prior to joining Alderon, Ms. Cox was the Executive VP Corporate Communications at King & Bay West ("KBW"), a management services company within the mining sector. Through her association with KBW, Ms. Cox has been involved with Alderon since its acquisition of the Kami Project at the end of 2009.

Ms. Cox received her BSc (Honours) in Geology from the University of British Columbia and has completed the Economic Guidelines for Mineral Exploration Course at Queen's University.

About Alderon

Alderon is a leading iron ore development company in Canada with offices in Vancouver, Montreal, St. John's and Labrador City. The Kami Project, owned 75% by Alderon and 25% by Hebei Iron & Steel Group Co. Ltd. ("HBIS"), is located within Canada's premier iron ore district and is surrounded by four producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production. HBIS is Alderon's strategic partner in the development of the Kami Project and China's largest steel producer.