Mr. David Cataford reports

CHAMPION IRON ANNOUNCES FY2025 ANNUAL GENERAL MEETING VOTING RESULTS

At the annual general meeting of Champion Iron Ltd.'s shareholders, held in person on Wednesday, Aug. 27, 2025, at 5 p.m. Montreal time/Thursday, Aug. 28, 2025, at 7 a.m. Sydney time, all resolutions received the requisite majorities, by a vote by poll as set out below. The number of votes cast against resolution 1, however, constitutes a first strike under Australian law.

At the meeting, the total number of ordinary shares of the company represented in person or by proxy was 415,182,730, representing approximately 77.86 per cent of the issued and outstanding ordinary shares of the company.

For further details, visit the company's filings on SEDAR+.

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 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 the 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 lower-contaminant iron ore products have attracted a premium to the P62 index. 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 Kami project 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 2 portfolio of properties, located within 60 kilometres south of Bloom Lake.