ALD Aldever Resources Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Alderon Resource Corp. (the "Company") (TSX VENTURE:ALD) is pleased to announce
that it has filed a comprehensive Filing Statement, dated February 26, 2010,
detailing the proposed acquisition of 0860132 B.C. Ltd. a private BC company
("Privco"), by the issuance of 5 million post-consolidated shares of the
Company. The Filing Statement is now available under the Company's profile on
SEDAR. The Company will be completing a 2 for 1 share consolidation
contemporaneous with the completion of the acquisition.


The Company and Privco are parties to an Option Agreement dated November 2, 2009
with Altius Resources Inc. ("Altius") pursuant to which the Company has the
right to acquire a 100% interest in the Kamistiatusset iron ore project in
western Labrador. Altius is a wholly-owned subsidiary of Altius Minerals
Corporation (TSX:ALS). Other terms of the Option Agreement are described in the
Company's December 2, 2009, December 16, 2009, January 15, 2010 and February 16,
2010 News Releases.


Pursuant to the applicable regulatory requirements, the Company has also filed a
NI 43-101 Technical Report on the Kamistiatusset Property, Newfoundland and
Labradour for 0860132 B.C. Ltd. and Alderon Resource Corp, dated February 12,
2010. The technical report was completed by Watts, Griffis and McOuat, Limited
and is available under the Company's profile on SEDAR at www.sedar.com.


The completion of the acquisition remains subject to final approval from the TSX
Venture Exchange following satisfaction of certain outstanding conditions to
closing, including the obtaining of shareholder approval by the Company. Closing
is anticipated in early March, 2010.


We seek Safe Harbor.

ALDERON RESOURCE CORP.

On behalf of the Board

Jeff Durno, CEO/President/Director

This new release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements.

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