ALDERON IRON ORE CORP

Ticker: AXXDF CUSIP: 01434T100 Class: COM

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014

Shares 300 Value ($000) $0 Avg Close $1.61 Range $1.35 - $1.95

Q4 2013

Shares 300 Value ($000) $1 Avg Close $1.56 Range $1.37 - $1.85

Q3 2013

Shares 300 Value ($000) $0 Avg Close $1.18 Range $0.83 - $1.64

Q2 2013

Shares 300 Value ($000) $0 Avg Close $1.07 Range $0.89 - $1.38

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	300	$0	$1.61	$1.35 - $1.95
Q4 2013	300	$1	$1.56	$1.37 - $1.85
Q3 2013	300	$0	$1.18	$0.83 - $1.64
Q2 2013	300	$0	$1.07	$0.89 - $1.38