Today, the Honourable Dwight Ball, Premier of Newfoundland and Labrador, and Clayton Walker, President and CEO, Iron Ore Company of Canada, officially opened Wabush 3 in Labrador West. Also attending the event was the Honourable Siobhan Coady, Minister of Natural Resources and Graham Letto, Parliamentary Secretary for Natural Resources and MHA for Labrador West. Wabush 3 is a new open pit that will extend the life of the current mine by approximately 50 years, maintain production of high quality grade iron ore concentrate and pellets, and secure employment. Projects such as Wabush 3 highlight government’s efforts to partner with industry players to position the province globally as a preferred location for mineral exploration and mining development. A provincial mineral strategy – a key initiative under The Way Forward – will be launched in partnership with Mining NL and community stakeholders to continue positive new developments. The Way Forward outlines all actions the Provincial Government is taking to achieve a strong, diversified province with a high standard of living, and can be viewed at thewayforward.gov.nl.ca. Quotes “I would like to thank the Iron Ore Company of Canada for their continued investment in Labrador and our province. Wabush 3 will extend production, resulting in more than 50 years of additional mining activity, more jobs and more spin-off benefits for local businesses. Today’s announcement further reflects that our Way Forward to strengthen the economy is working.” Honourable Dwight Ball Premier of Newfoundland and Labrador “We recognize the importance of the Wabush 3 project for sustaining operations at Iron Ore Company of Canada and for contributing to the economy of our province. We are committed to further building the Labrador Trough. Our work will continue as we plan our Way Forward together with industry and community stakeholders.” Honourable Siobhan Coady Minister of Natural Resources “The development of Wabush 3 provides long term sustainability for IOC and the people of Labrador West. This investment is a significant commitment that will secure the life of the operation for many years into the future.” Graham Letto Parliamentary Secretary for Natural Resources MHA for Labrador West “Today marks a significant milestone in IOC’s history. Wabush 3 was successfully approved largely in part due to the strong support from our stakeholder and community partnerships. IOC undertook extensive consultation to receive feedback and create mutually beneficial solutions to opportunities and challenges associated with the project development. This investment will deliver benefits for our business, employees and surrounding communities for many years to come, by increasing the life of the mine and offering continued employment.” Clayton Walker President and CEO of the Iron Ore Company of Canada

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Learn more The Way Forward Building for Our Future: Premier Ball Announces Next Industry Sectors to be Developed in Phase Three of The Way Forward Follow us on Twitter: @GovNL and @NR_GovNL Media contacts Michelle Cannizzaro Office of the Premier 709-729-3960 michellecannizzaro@gov.nl.ca Nancy Hollett Natural Resources 709-729-5777, 685-3372 nancyhollett@gov.nl.ca Sabrina Hunt Labrador West District Office 709-944-4881 SabrinaHunt@gov.nl.ca Marsha Power Slade Iron Ore Company of Canada 709-987-0650 marsha.power-slade@riotinto.com