Alderon Announces Changes to the Board of Directors

Press Release

September 30, 2014

Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) (“Alderon” or the “Company”) announces that it today received written notice that Ms. Diana Walters has recently left Liberty Metals and Mining Holdings, LLC (“LMM”) and as such, has resigned from the Board of Directors of Alderon as LMM’s appointee. In accordance with the terms of the Subscription Agreement dated January 11, 2012 between LMM and Alderon, LMM has the right to appoint an alternate at any time.

“We look forward to working closely with the new appointee from Liberty and continuing our strong working relationship,” says Mark J. Morabito, Alderon’s Executive Chairman.

The Board would like to acknowledge and thank Ms. Walters for her contributions to the Company’s development.

About Alderon

Alderon is a leading iron ore development company in Canada with offices in Montreal, Vancouver, St. John’s and Labrador City. The Kami Project, owned 75% by Alderon and 25% by Hebei Iron & Steel Group Co. Ltd. (“HBIS”) through The Kami Mine Limited Partnership, is located within Canada’s premier iron ore district and is surrounded by four producing iron ore mines. Its port handling facilities are located in Sept-Îles, the leading iron ore port in North America. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production. HBIS is Alderon’s strategic partner in the development of the Kami Project and China’s largest steel producer.

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

ALDERON IRON ORE CORP.
On behalf of the Board
“Mark J Morabito”
Executive Chairman

Montreal Office	Vancouver Office
T: 514-281-9434	T: 604-681-8030
F: 514-281-5048	F: 604-681-8039

E: info@alderonironore.com
www.alderonironore.com

For further information please call:
Evelyn Cox
1-604-681-8030 ext 223 or 1-888-990-7989

NT3