Alderon Iron Ore Corp announced that it has initiated the Federal and Provincial Environmental Assessment processes for the 100% owned Kamistiatusset Iron Ore Project in western Labrador. Alderon has submitted the required documentation to the Canadian Environmental Assessment Agency and the Department of Environment and Conservation, Government of Newfoundland and Labrador and each of these agencies has confirmed acceptance of the filing of the Registration Documents.

The Registration Documents include provision to increase planned production at the Kami Project to 16 million tonnes of iron ore concentrate annually as part of a second phase capital expansion. Alderon believes that on the completion of definition drilling planned for the winter 2012 drill program, that it will be able to upgrade a substantial portion of its currently defined inferred resources to the indicated resource category. Assuming the successful completion of the resource upgrade, the expansion to 16 million tonnes will be included in the Feasibility Study.

Mr Tayfun Eldem President and CEO of Alderon said "The filing and acceptance of the Registration Documents mark a significant step forward in advancing our Kami project towards receiving the necessary approvals to allow construction to commence on schedule in late 2013. We included the planned expansion to 16 million tonnes in the Registration Documents based on our confidence in the size and quality of Alderon resource combined with a robust iron ore market that will allow Alderon to build a long life mining operation and use the cash flow from its initial phase to fund a rapid expansion."