Notice of Termination

Ottawa – August 29, 2022 – In accordance with section 181(3) of the Impact Assessment Act, the environmental assessment of the Fire Lake North Iron Ore Project pursuant to the Canadian Environmental Assessment Act, 2012, has terminated. In accordance with section 181(2) of the Impact Assessment Act, Champion Iron Mines Ltd. has not provided the Impact Assessment Agency of Canada with the required information or studies within the legislated time limit of August 28, 2022.