Alderon Iron Ore Corp AXXDF

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Alderon Clarifies March 9, 2011 Trading Activity






VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2011) -
Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") announces that the Investment Industry Regulatory Organization of Canada ("IIROC"), the regulation services provider of the TSX Venture Exchange, halted trading in Alderon's shares at 11:59 a.m. on March 9, 2011. IIROC ruled that all trades in the common shares of Alderon that took place prior to 11:59 a.m. on March 9, 2011 at prices below CAD$2.80 per share will be re-priced to CAD $2.80 per share. The ruling is being made by IIROC on the basis that the trades were unreasonable. IIROC issued a trade resumption notice and trading in Alderon's shares resumed at 1:30 p.m. on March 9, 2011 at a price of CAD$3.50 per share.


All operations are running normally on the winter drill program at the Kamistiatusset ("Kami") Iron Ore Project in western Labrador, with three drills in operation, as announced on February 3, 2011. Alderon is on target to meet all previously announced timetables and commitments, including the delivery of an initial National Instrument 43-101 ("NI 43-101") resource estimate for the Rose Central and Mills Zones in March 2011 and an updated NI 43-101 resource estimate in June 2011 (see February 3, 2011 news release for further details).