Alderon Iron Ore Corp AXXDF

Alderon Appoints Two New Hebei Directors to the Board

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November 13th. 2014 Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) ("Alderon" or the “Company”) is pleased to announce that Mr. Liu Jian, Chairman and General Manager of Hebei Iron and Steel Group (“HBIS” or “Hebei”) International Trade Corp. and Mr. Wang Jinhui, President of HBIS International Holding (Canada) Co. Ltd. have joined the Alderon Board of Directors effective immediately. Mr. Liu has over 24 years of experience in the steel industry and has held positions in operations and project management, as well as in foreign joint venture cooperation. Prior to joining Hebei, Mr. Liu was the Vice President and Director of Tangsteel Group Co., Ltd. Mr. Liu holds a Master’s Degree in Industrial Electrical Automation and won second prize for a China National Metallurgical Science and Technology Award. Mr. Wang brings with him vast experience in engineering, project management, import and export trading and investment management. Prior to joining Hebei, Mr. Wang worked for Hanbaosteel in the Purchase and Sales Department. Mr. Wang is an Engineer with a PhD in Mechanical Design and will be based in Alderon’s Vancouver office. “We’re very pleased to have such experienced Hebei representatives join our Board,” says Mark Morabito, Executive Chairman of Alderon. “These new appointments continue to solidify our great working relationship and Hebei’s continued support of both Alderon and the Kami Project.” Messrs. Liu and Wang replace Mr. Zejun Tian and Ms. Liangjun Zheng as Hebei’s nominees on the Alderon Board of Directors. The Board of Directors would like to thank Mr. Tian and Ms. Zheng for their exemplary service over the past two years. Alderon also announces the resignation of Mr. John Vettese from the Board and would like to thank him for his significant contribution to the Company’s development to date. About Alderon Alderon is a leading iron ore development company in Canada with offices in Montreal, Vancouver, St. John’s and Labrador City. The Kami Project, owned 75% by Alderon and 25% by Hebei Iron & Steel Group Co. Ltd. (“HBIS”) through The Kami Mine Limited Partnership, is located within Canada’s premier iron ore district and is surrounded by three producing iron ore mines. Its port handling facilities are located in Sept-Îles, the leading iron ore port in North America. 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. For more information on Alderon, please visit our website at www.alderonironore.com. ALDERON IRON ORE CORP. On behalf of the Board "Mark J Morabito" Executive Chairman