Alderon: Metallurgical Testwork Indicates Marketable Sinter Feed Product (ccnm)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2011) -Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to announce preliminary metallurgical results based on analysis and interpretation by BBA Inc. of the testwork available to date on the 100% owned Kamistiatusset ("Kami") Iron Ore Project in western Labrador. Projected weight recovery and iron recovery will be 37.8% and 82.8% respectively. The concentrate produced will have a P50 of approximately 167 microns and a P80 of 263 microns. Based on Alderon's preliminary market survey, it is believed that this particle size distribution will be an acceptable product for a sinter feed application.

The Kami Project Scoping Study scheduled for September 2011, will consider the production of a single combined concentrate from spiral separation ("spirals") and from a magnetic separation processing plant ("mag-plant"). Approximately 78% of the total concentrate is expected to be produced by the spirals and 22% by the mag-plant.

Results suggest that a concentrate with the following chemical composition can be produced:

Complete testwork results, as well as their detailed analysis and interpretation, will be released as part of the Scoping Study.

"The positive metallurgical results are another significant step in bringing the Kami Project into operation," says Brian Penney, Chief Operating Officer of Alderon. "The concentrate particle size distribution indicated by the testwork demonstrates that magnetic separation will provide a concentrate acceptable for market demands. The concentrate is expected to have very low deleterious elements with phosphorous being less than 0.01% and alumina at only 0.20%. Manganese is within acceptable range at 0.75%, which will allow for the broadest possible market for the Kami product as it is well below the critical 1% cut-off."

Metallurgical Testwork

The testwork was performed over a range of particle sizes and included analysis of over 850 drill core samples with the following analytical techniques: Heavy Liquid Separation, Davis Tube Analysis, Wilfley Table and High Definition Mineralogical Analysis using a Quantitative Evaluation of Minerals by Scanning Electron Microscopy (QEMSCAN). The testwork was performed by SGS Minerals Services, an independent laboratory in Lakefield, Ontario.

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