MONTREAL - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ('Champion' or the 'Company') advises that at the Annual General Meeting of the Company's shareholders, which was held virtually on Wednesday, August 25, 2021 at 6:00 PM EDT / Thursday, August 26, 2021 at 8:00 AM AEST (Sydney time), the following resolutions were passed by the requisite majorities by a vote by ballot as follows: At the Meeting, the total number of Ordinary Shares represented in person or by proxy was 364,505,248 representing approximately 71.977% of the issued and outstanding Ordinary Shares.

About Champion Iron Limited

Champion Iron Limited, through its subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Quebec. Bloom Lake is an open-pit truck and shovel operation with a concentrator, and it ships iron ore concentrate from the site by rail, initially on the Bloom Lake Railway, to a ship loading port in Sept-Iles, Quebec. The Bloom Lake Phase I plant has a nameplate capacity of 7.4 Mtpa and produces a high-grade 66.2% Fe iron ore concentrate with low contaminant levels, which has proven to attract a premium to the Platts IODEX 62% Fe iron ore benchmark. In addition to the partially completed Bloom Lake Phase II project, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project located a few kilometres south-east of Bloom Lake, and the Consolidated Fire Lake North iron ore project, located approximately 40 km south of Bloom Lake. The Company sells its iron ore concentrate globally to customers in China, Japan, the Middle East, Europe, South Korea, India and Canada.

Contact:

Michael Marcotte

Tel: 514-316-4858

Email: info@championironmines.com

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