Alderon Iron Ore Corp.

Alderon Iron Ore Corp. is a leading iron ore development company in Canada with a project located within an existing iron ore district. The Rose deposit currently hosts an NI 43-101 Measured & Indicated resource of 1.1 Bt at 29.6% iron and an additional 447.8 Mt Inferred at 29.5% iron, including mineral reserves of 668.5 Mt Proven & Probable at 29.5% iron. The Rose deposit feasibility study illustrated a pre-tax NPV8 of US$3.24B, a pre-tax IRR of 29.3%, payback period of 3.8 years, capital costs of US$1.27B and operating costs of US$42.17/mt concentrate. Alderon plans to commence commercial production in Q4/15.