Alderon Receives 2014 Developer of the Year Award

Press Release

November 18, 2014

Alderon Iron Ore Corp. (TSX: ADV) (NYSE MKT: AXX) (“Alderon” or the “Company”) is pleased to announce that the Company received the 2014 Developer of the Year Award (“Award”) from the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Newfoundland Branch. The Award is in recognition for significant progress in advancing a mine toward production; or for a significant contribution to health and safety, environmental stewardship or commitment to community; or for innovation in the Newfoundland and Labrador mining industry.

“We’re honoured to have received this Award in recognition of our hard work the past year,” says Tayfun Eldem, President & CEO of Alderon. “For our peers to acknowledge the dedication of our entire team carries special significance for Alderon and I’d like to thank the CIM for recognizing our accomplishments with this Award.”

Alderon has accomplished the following significant milestones in 2014:

–       being released from both the Federal and Provincial Environmental Assessment processes (Alderon’s approach has often been referred to as ‘exemplary’) and in turn receiving all the permits required to commence construction;
–       receiving Surface and Mining Leases;
–       concluding a Power Purchase Agreement;
–       signing a Benefits Agreement with the Province of Newfoundland and Labrador;
–       signing Agreements with the local towns of Labrador City and Wabush;
–       signing an Impact and Benefits Agreement with the Innu Nation of Labrador;
–       most recently signing an off-take agreement with a subsidiary of Glencore plc for the production from the Kami Iron Ore Project that has not been allocated to Hebei Iron & Steel Group Co., Ltd.

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 three 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
T: 514-281-9434
F: 514-281-5048

Vancouver Office
T: 604-681-8030
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

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