Mr. Michael Marcotte reports

CHAMPION IRON PROVIDES NOTICE OF FOURTH QUARTER AND FINANCIAL YEAR 2025 RESULTS WITH CONFERENCE CALL WEBCAST DETAILS

Champion Iron Ltd. will host a conference call and webcast on May 29, 2025, at 9 a.m. Montreal time/May 29, 2025, at 11 p.m. Sydney time, with its senior management, during which it will review the company's fourth quarter 2025 and financial year operational and financial results.

Champion's financial statements and management's discussion and analysis for the fourth quarter and financial year ended March 31, 2025, 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.

Access to the conference call

Telephone local and overseas:  1-416-945-7677

Telephone North America:  1-888-699-1199

Telephone Australia:  61-2-8017-1385

Webcast:  at the Champion Iron website

Replay overseas:  1-289-819-1450

Replay North America:  1-888-660-6345

Replay passcode:  25785 followed by the number sign

Replay expiration:  Thursday, June 5, 2025, at 11:59 p.m. Montreal time/Friday, June 6, 2025, at 1:59 p.m. Sydney time

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 concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15 million wet metric tonnes per year that produce low-contaminant high-grade 66.2-per-cent-iron 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, Champion is investing to upgrade half of Bloom Lake's 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. Champion ships iron ore concentrate from Bloom Lake by rail, to a shiploading 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 the Kamistiatusset mining properties, a project with an estimated annual production of nine million wmt per year of direct reduction quality iron grading above 67.5 per cent Fe, located near available infrastructure and only a few kilometres southeast of Bloom Lake. In December, 2024, Champion entered into a binding agreement with Nippon Steel Corp. and Sojitz Corp. to form a partnership to evaluate the potential development of the Kami project, including the completion of a definitive feasibility study. Champion also owns a portfolio of exploration and development projects in the Labrador Trough, including the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.