Alderon Iron Ore Corp. (AXXDF)

[BHicks]

Alderon to Commence Trading on the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2011) - Alderon Iron Ore Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF)(PINK SHEETS:ALDFF) ("Alderon") is pleased to announce that it has received final approval for its common shares to be listed and commence trading on the Toronto Stock Exchange ("TSX") at the opening of trading on Wednesday, October 12, 2011. The Company shall retain its current trading symbol "ADV". Concurrently, Alderon's common shares will be delisted from the TSX Venture Exchange.

Alderon's President and Chief Executive Officer, Tayfun Eldem commented, "The TSX is the premier global exchange for the mining industry and this listing is a significant milestone for Alderon. The TSX listing represents an opportunity to provide greater accessibility and liquidity to a broader group of investors and provides increased market recognition and access to capital."

About Alderon

Alderon is a leading iron ore development company in Canada with offices in Vancouver, Toronto, Montreal and St. John's. The 100% owned Kami Project is located within Canada's premier iron ore district and is surrounded by four 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.alderonironore.com