President of Black Iron Acquires Shares & Black Iron Engages Conduit Investor Relations
PRESIDENT OF BLACK IRON ACQUIRES SHARES & BLACK IRON ENGAGES
CONDUIT INVESTOR RELATIONS
For Immediate Release
TORONTO, MAY 10, 201 7 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI) is pleased to
announce that Michael Spektor, Black Iron’s recently appointed President, has started to acquire a
considerable number of Black Iron shares on the Toronto Stock Exchange given his strong belief i n the
future development of the Shymanivske iron ore project. Mr. Spektor now owns 1,775,000 Black Iron
common shares.
The Company is also pleased to announce that it has retained the services of Conduit Investor Relations
Ltd. (“Conduit”) to provide investor relations services, including increasing awareness of its high quality
Shymanivske iron ore project . Conduit is an investor relations and corporate advisory business founded
by Derek Wood. Mr. Wood has been involved in the Canadian Securities Industry for decades and has
an established network of professional and retail market participants with an interest in small cap
opportunities. Conduit will initiate contact with its network of market participants, as well as, current
stakeholders, and other members of the financial community to introduce Black Iron as a compelling
investment opportunity and keep them apprised of ongoing company developments.
Derek Wood commented: “Conduit only works with a very small number of select clients and is excited to
be working with Black Iron. Before taking on a client, Conduit must believe that new and existing investors
are likely to be well rewarded by the substantial creation of new wealth. Conduit works to underst and the
potential returns and risks associat ed with investing with a client and then works diligently to convey that
message to market participants. Conduit is impressed with Black Iron’s diverse and talented management
team and board members and extremely confident that Black Iron’s Shymanivske i ron ore project is a
world class deposit that will be brought into production.”
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske
project located in Kryviy Rih, Ukraine. The Shymaniviske project contains a NI 43- 101 compliant
resource estimated to be 645.8 Mt Measured and Indicated mi neral resources, consisting of 355.1 Mt
Measured mineral resources grading 32.0% total iron and 19.5% magnetic iron, and Indicated mineral
resources of 290.7 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut -off grade of 10%
magnetic iron. A dditionally, the Shymanivske project contains 188.3 Mt of Inferred mineral resources
grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the N I 43-
101 compliant technical report dated January 24, 2014 titled "Feasibility Study of the Shymanivske Iron
Ore Deposit for Black Iron Inc." under the Company's profile on SEDAR at www.sedar.com. The
Shymanivske project is surrounded by five other operating mines, including ArcelorMittal 's iron ore
complex. Please visit the Company's website at www.blackiron.com for more information.
The technical and scientific contents of this press release have been prepared under the supervision of
and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a Qualified
Person as defined by NI 43-101.
For more information, please contact:
Matt Simpson Derek Wood
Chief Executive Officer Conduit Investor Relations
Tel: +1(416) 309 2138 +1 (403) 200 3569
Forward-Looking Information
This press release contains forward- looking information. Forward- looking information is based on what
management believes to be reasonable assumptions, opinions and estimates of the date such statements
are made based on information available to them at that time, including those factors discussed in the
section entitled ‘‘Risk Factors’’ in the Company’s annual information form for the year ended December
31, 2016 or as may be identified in the Company’s public disclosure from time to time, as filed under the
Company’s profile on SEDAR at www.sedar.com. Forward- looking informat ion may include, but is not
limited to, statements with respect to the Shymanivske project, insiders acquiring or disposing securities
of the Company, the Company’s ability to obtain the requisite land rights for the Shymanivske project, the
impact of the appointment of Conduit , and future plans for the Company’s development. Generally,
forward looking information can be identified by the use of forward- looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled" , "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the Company
to be materially different from those expressed or implied by such forward- looking information, including
but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the
actual results of current exploration activities; other risks of the mining industry and the risks described in
the annual information form of the Company. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward- looking
information, there may be other factors th at cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.