Mr. David Cataford reports

CHAMPION IRON PROVIDES NOTICE OF THIRD QUARTER RESULTS FOR FY2025 WITH CONFERENCE CALL WEBCAST DETAILS

Champion Iron Ltd. will be hosting a conference call and webcast on Jan. 30, 2025, at 9 a.m. (Montreal time)/Jan. 31, 2025, at 1 a.m. (Sydney time) with its senior management, during which they will review the company's operational and financial results for the third quarter ended Dec. 31, 2024, of the financial year ending March 31, 2025.

Champion's financial statements and management's discussion and analysis for the third quarter ended Dec. 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 website.

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

About Champion Iron Ltd.

Champion, 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 Fe iron ore concentrate with a proven ability to produce a 67.5 per cent Fe 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 Fe iron ore benchmark. The company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-Iles, Que., and has delivered its iron ore concentrate globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kami project, located a few kilometres southeast of Bloom Lake, and the Cluster II portfolio of properties, located within 60 kilometres south of Bloom Lake.