Mr. Michael Marcotte reports

CHAMPION IRON PROVIDES NOTICE OF FOURTH QUARTER AND FINANCIAL YEAR 2024 RESULTS WITH CONFERENCE CALL WEBCAST DETAILS

Champion Iron Ltd. will host a conference call and webcast on May 31, 2024, at 9 a.m. Montreal time/May 31, 2024, at 11 p.m. Sydney time, with its senior management, during which it will review the company's fourth quarter and financial year 2024 operational and financial results.

Champion Iron's financial statements and management's discussion and analysis for the fourth quarter and financial year ended March 31, 2024, will be released prior to the conference call and webcast, and will be available in the financial and regulatory reports section of the company's website under the company's profile on SEDAR+ and on the Australian Securities Exchange.

A live audio webcast of the conference call will be accessible for a period of 90 days through Champion Iron's website.

Access to the conference call

Telephone local and overseas:  1-416-764-8688

Telephone North America:  1-888-390-0546

Telephone Australia:  1-800-076-068

Webcast:  at the Champion Iron website

Replay overseas:  1-416-764-8677

Replay North America:  1-888-390-0541

Replay passcode:  003567 followed by the number sign

Replay expiration:  Friday, June 7, 2024, at 11:59 p.m. Montreal time/Saturday, June 8, 2024, at 1:59 p.m. Sydney time

About Champion Iron Ltd.

Champion Iron, through its wholly owned subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake mining complex, located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Que. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The two concentrators have a combined nameplate capacity of 15 million tonnes per year and produce low-contaminant high-grade 66.2-per-cent-iron iron ore concentrate with a proven ability to produce a 67.5-per-cent-iron direct reduction quality iron ore concentrate. Benefiting from one of the highest-purity resources globally, the company is investing to upgrade half of the Bloom Lake mine capacity to a direct reduction quality pellet feed iron ore with up to 69 per cent Fe. Bloom Lake's high-grade and low-contaminant iron ore products have attracted a premium to the Platts Iodex 62-per-cent-iron iron ore benchmark. The company ships iron ore concentrate from Bloom Lake by rail to a shiploading port in Sept-Iles, Que., and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion Iron owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset project, located a few kilometres southeast of Bloom Lake, and the Cluster II portfolio of properties, located within 60 kilometres south of Bloom Lake.