Alderon Retains Renmark Financial Communications

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2011) - Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") announces that it has signed an Investor Relations Agreement with Renmark Financial Communications Inc. ("Renmark") to act as Investor Relations consultants to Alderon.

"We are pleased to announce that we have selected Renmark to reinforce Alderon's profile in the financial community and enhance the visibility of our project portfolio. We chose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Mark J. Morabito, President and CEO of Alderon.

Renmark is a privately held company, based in Montreal, Quebec, and provides financial services, investor relations and other marketing services to public companies. Renmark and Alderon are at arms-length to one another. Renmark does not hold or have the right to acquire an interest, directly or indirectly in Alderon. Renmark will provide investor relations services including, but not limited to, communicating with investors and potential investors. Renmark will not provide market making services.

In consideration of the services to be provided, Renmark will be paid a monthly fee of $3,000 per month. The agreement is on a monthly basis and may be terminated by Alderon at any time by providing 30 days written notice to Renmark.

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 surrounded by producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.

For more information on Alderon, please visit our website at www.alderonmining.com.

ALDERON RESOURCE CORP.

On behalf of the Board

Mark J Morabito, President & CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the development of the Kami Project are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified 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. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Alderon undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.