Alderon Strengthens Mining Team With Addition of Former Iron Ore Company Vice President as Chief Executive Officer

Alderon Resource Corp. (TSXV:ADV,OTC:ALDFF) reports Mr. Tayfun Eldem as their new President and Chief Executive Officer.

The press release is quoted as saying,

Consistent with the strategic plan to fast track the Kami Project, Mark J. Morabito, Alderon’s co-founder and current President and CEO, will transition with Mr. Eldem and continue to be involved with Alderon as Executive Chairman of its Board of Directors. Mr. Morabito will focus on Alderon’s capital market program, strategic initiatives, including potential off-take partners and corporate governance matters. Stan Bharti will transition to Vice Chairman and continue his close working relationship with Mr. Morabito, which has yielded ongoing positive results since they started working together in October 2009. In addition, Alderon will maintain its association with Forbes & Manhattan Inc. and leverage their proven technical and financial expertise.

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