Mary River - The blockades at Baffinland Iron Mines Corporation's ('Baffinland') Mary River Project has been lifted and Baffinland is in the process of restoring operations at the airstrip and tote road.

This includes employee and contractor transfers, the resumption of food and supply flights, search and rescue flights, and other North Baffin air traffic support services provided using the Mary River airstrip. Mine production is also in the process of resuming.

Throughout this situation, Baffinland's first priority has been the safety of more than 700 employees who were impacted by the blockades.

'I'd like to express my gratitude to our personnel and their families for their support and patience during what was a challenging time. The health and safety of everyone on our property remains our top priority,' said Brian Penney, CEO of Baffinland. 'We welcome the move to a constructive dialogue and hope to work in collaboration with our community partners to find mutually agreeable solutions to the issues that have been raised.'

Contact:

Heather Smiles

Tel: +1 416 702 5553

About Baffinland Iron Mines Corporation

Jointly owned by The Energy and Minerals Group and ArcelorMittal, Baffinland Iron Mines Corporation operates a high-grade iron ore mine located on Baffin Island, Nunavut. The Mary River Mine produces the highest grade of direct shipping iron ore in the world. Baffinland is committed to operating in an environmentally and socially responsible manner that benefits all stakeholders.

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