Alderon Resource Corp.
TSX VENTURE : ADV
OTCQX : ALDFF

Alderon Resource Corp.

January 06, 2011 09:00 ET

Alderon Selects BBA & Stantec as Scoping Study Consultants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2011) - Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to announce the appointment of BBA Inc.("BBA") and Stassinu Stantec Limited Partnership ("Stantec") to conduct a Scoping Study on the Kamistiatusset ("Kami") Iron Ore Project in western Labrador. 

"Both BBA and Stantec have extensive work experience in Labrador West iron ore mines. This experience will help ensure thorough yet rapid completion of the scoping study which is a key step in moving Kami towards production," says Matt Simpson, COO of Alderon. 

BBA is an independent Canadian consulting engineering firm operating internationally. Its team is composed of highly-qualified experts in several engineering disciplines and is particularly active in the mining and metals sector. BBA was the primary engineering consulting firm for Consolidated Thompson's Bloom Lake Mine, located 6.4 kilometres west of the Kami Project. 

Stantec provides professional consulting services for infrastructure and facilities projects. With their team of professionals, Stantec can assist in all aspects of a project's life cycle requirements. Stantec will lead this project out of their St. John's Newfoundland & Labrador office which has extensive experience in Government permitting processes for mining as well as a solid understanding of environmental regulations. Stantec has carried out several environmental assessments and geotechnical work for other Labrador iron ore mines.

The depth of local iron ore experience allows both BBA and Stantec to:

  • expedite engineering design work as the process and equipment size are similar
  • have a good handle on project costs and timelines
  • assist in selection of local construction firms
  • minimize overall project risk

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.

ON BEHALF OF THE ALDERON 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. 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 risks associated with outstanding litigation, if any; risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; 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 tax consequences to U.S. shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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