Mr. Michael Marcotte reports

CHAMPION IRON TO HOLD ITS ANNUAL GENERAL MEETING OF SHAREHOLDERS ON AUGUST 27, 2025 (MONTREAL) / AUGUST 28, 2025 (SYDNEY)

Further to the various filings previously made in this regard, Champion Iron Ltd.'s annual general meeting of shareholders will be held on Wednesday, Aug. 27, 2025, at 5 p.m. Montreal time/Thursday, Aug. 28, 2025, at 7 a.m. Sydney time. Information relating to the meeting can be found under the company's filings on SEDAR and the Australian Securities Exchange and on the company's website under the investors section.

The specific details for the meeting are as follows.

Date:  Wednesday, Aug. 27, 2025 (Montreal time)/Thursday, Aug. 28, 2025 (Sydney time)

Time:  5 p.m. Montreal time/7 a.m. Sydney

Location:  McCarthy Tetrault LLP, 1000 De La Gauchetiere St. W, Suite MZ400, Montreal, Que., H3B 0A2

A live audio webcast will be available the day of the meeting and the webcast recording will be accessible through Champion's website.

Access to the webcast

Telephone number (local and overseas):   1-416-945-7677

Telephone number (North America):  1-888-699-1199

Telephone number (Australia):  61-2-8017-1385

Webcast:  on the Champion Iron website

Replay number (overseas):  1-289-819-1450

Replay number (North America):  1-888-660-6345

Replay passcode:  90126 followed by the number sign

Replay expiration:   Wednesday, Sept. 3, 2025, at 11:59 p.m. Montreal time/Thursday, Sept. 4, 2025, 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 southern 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 lower-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, 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 iron. Bloom Lake's high-grade and lower-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 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 the Kamistiatusset mining properties, a project with an expected annual production of nine million wet metric tonnes per year of direct-reduction-quality iron grading above 67.5 per cent iron, located near available infrastructure and only 21 kilometres southeast of Bloom Lake. On July 21, 2025, Champion entered into a definitive framework agreement with Nippon Steel Corp. and Sojitz Corp. to form a partnership for the shared ownership and potential development of the Kami project. Champion also owns a portfolio of exploration and development projects in the Labrador Trough, including the Cluster II portfolio of properties, located within 60 kilometres south of Bloom Lake.