Alderon Iron Ore Corp.

Alderon is a leading Canadian iron ore development company with offices in Vancouver, Toronto, Montreal and St. John’s. The 100% owned Kami Project 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. Kami currently hosts an NI 43-101 Mineral Resource estimate of 490 million tonnes indicated at 30.0% iron and an additional 598 million tonnes inferred at 30.3% iron.  A total of 18,000m of infill drilling is being carried out in the 2012 winter program with the goal of upgrading the current mineral resource into the measured and indicated categories in preparation for the Feasibility Study expected in Q3 2012.