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File: CenturyEagle-NR_EWR-28Nov2014.pdf

                                           NEWS RELEASE

November 28, 2014, Hong Kong, PRC - Century Eagle Holdings Limited ("Century Eagle")
announces that it has filed an early warning report on SEDAR disclosing a change of its intention with
respect to the 49,781,316 common shares ("Century Eagle Shares") of Century Iron Mines Corporation
(TSX: FER) (the "Company") beneficially held by Century Eagle. The Century Eagle Shares represent
approximately 50.4% of the issued and outstanding common shares of the Company. At the request of
the shareholders of Century Eagle, as disclosed below, Century Eagle has formed a preliminary intention
to distribute the Century Eagle Shares to the Century Eagle Shareholders (as defined below) pro rata in
accordance with their respective shareholdings in Century Eagle (the "Century Eagle Distribution").
The distribution of the Century Eagle Shares is subject to transaction structuring and confirmation on the
manner of distribution which has not yet finalized at this time. As a result of the preliminary change of
intention with respect to the proposed Century Eagle Distribution, Century Eagle no longer holds the
Century Eagle Shares for investment purposes, as originally disclosed in a report under National
Instrument 62-103 made by Century Eagle and filed on SEDAR on May 25, 2011. Century Eagle
understands that, upon completion of the Century Eagle Distribution, the Century Eagle Shares will
continue to be held by the Century Principals (as defined below), through the Century Eagle
Shareholders, for investment purposes.

Century Eagle is a private BVI company controlled by Mr. Ben Koon (David) Wong, Mr. Sandy Chim,
Mr. Hua Bai and Mr. Patrick Li (collectively, the "Century Principals") through the following respective
holding companies (the "Century Eagle Shareholders"): (i) Purple Star Holdings Limited, a private
company controlled by Mr. Wong which indirectly owns approximately 49.5% of the shares of Century
Eagle, (ii) Thriving Century Limited, a private company controlled by Mr. Chim which indirectly owns
approximately 30.6% of the shares of Century Eagle, (iii) Earnlead Investments Ltd., a private company
controlled by Mr. Bai which indirectly owns approximately 10% of the shares of Century Eagle, and (iv)
Wellson Ford Ltd., a private company controlled by Mr. Li which indirectly owns approximately 9.9% of
the shares of Century Eagle. Mr. Sandy Chim is the President and Chief Executive Officer and a director
of the Company. Mr. Ben Koon (David) Wong and Mr. Hua Bai are each directors of the Company.

The common shares of the Company are listed on the Toronto Stock Exchange. The Century Eagle
Distribution is expected to be a private transaction that will be exempt from the takeover bid requirements
of Canadian securities laws. Each of Century Eagle, the Century Eagle Shareholders and the Century
Principals may increase or decrease its beneficial ownership of the Company's securities depending on
future economic or market conditions.

A copy of the Early Warning Reports have been filed with applicable securities commissions and can be
found at www.sedar.com

Century Eagle Holdings Limited
Suites 1801-06, 18/F, Tower 2
The Gateway, 25 Canton Road
Hong Kong
 

File: Century Eagle  - News Release - November 2014.doc

NEWS RELEASE
November 28, 2014, Hong Kong, PRC - Century Eagle Holdings Limited ("Century Eagle") announces that it has filed an ea
--->rly warning report on SEDAR disclosing a change of its intention with respect to the 49,781,316 common shares ("Centur
--->y Eagle Shares") of Century Iron Mines Corporation (TSX: FER) (the "Company") beneficially held by Century Eagle.  The
---> Century Eagle Shares represent approximately 50.4% of the issued and outstanding common shares of the Company.  At th
--->e request of the shareholders of Century Eagle, as disclosed below, Century Eagle has formed a preliminary intention t
--->o distribute the Century Eagle Shares to the Century Eagle Shareholders (as defined below) pro rata in accordance with
---> their respective shareholdings in Century Eagle (the "Century Eagle Distribution").  The distribution of the Century 
--->Eagle Shares is subject to transaction structuring and confirmation on the manner of distribution which has not yet fi
--->nalized at this time. As a result of the preliminary change of intention with respect to the proposed Century Eagle Di
--->stribution, Century Eagle no longer holds the Century Eagle Shares for investment purposes, as originally disclosed in
---> a report under National Instrument 62-103 made by Century Eagle and filed on SEDAR on May 25, 2011. Century Eagle und
--->erstands that, upon completion of  the Century Eagle Distribution, the Century Eagle Shares will continue to be held b
--->y the Century Principals (as defined below), through the Century Eagle Shareholders, for investment purposes.  
Century Eagle is a private BVI company controlled by Mr. Ben Koon (David) Wong, Mr. Sandy Chim, Mr. Hua Bai and Mr. Pa
--->trick Li (collectively, the "Century Principals") through the following respective holding companies (the "Century Eag
--->le Shareholders"): (i) Purple Star Holdings Limited, a private company controlled by Mr. Wong which indirectly owns ap
--->proximately 49.5% of the shares of Century Eagle, (ii) Thriving Century Limited, a private company controlled by Mr. C
--->him which indirectly owns approximately 30.6% of the shares of Century Eagle, (iii) Earnlead Investments Ltd., a priva
--->te company controlled by Mr. Bai which indirectly owns approximately 10% of the shares of Century Eagle, and (iv) Well
--->son Ford Ltd., a private company controlled by Mr. Li which indirectly owns approximately 9.9% of the shares of Centur
--->y Eagle. Mr. Sandy Chim is the President and Chief Executive Officer and a director of the Company.  Mr. Ben Koon (Dav
--->id) Wong and Mr. Hua Bai are each directors of the Company.
The common shares of the Company are listed on the Toronto Stock Exchange.  The Century Eagle Distribution is expected
---> to be a private transaction that will be exempt from the takeover bid requirements of Canadian securities laws. Each 
--->of Century Eagle, the Century Eagle Shareholders and the Century Principals may increase or decrease its beneficial ow
--->nership of the Company's securities depending on future economic or market conditions.
A copy of the Early Warning Reports have been filed with applicable securities commissions and can be found at www.sed
--->ar.com
Century Eagle Holdings Limited Suites 1801-06, 18/F, Tower 2 The Gateway, 25 Canton Road Hong Kong


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