Champion Iron Appoints New Chief Financial Officer
PRESS RELEASE
CHAMPION IRON APPOINTS NEW CHIEF FINANCIAL OFFICER
Montréal, Québec, August 1 4, 2018 – Champion Iron Limited (TSX: CIA) ( ASX: CIA)
(“Champion” or the “Company”) is pleased to announce the appointment of Ms.
Natacha Garoute, LLB, CPA, CA, as the Company’s Chief Financial Officer.
Ms. Garoute has over 20 years of finance experience, with a strong focus on mining,
most recently as Chief Financial Officer of Roxgold Inc. (“Roxgold”), a TSX -listed gold
producer with operations in Burkina Faso. As part of the executive team at Roxgold, Ms.
Garoute was charged with the oversight ofstrategic and financial analysis for this global
organization which encompasses one core operation and four international subsidiaries,
operating in complex regulatory and political environments. In addition to being
responsible for Roxgold’s financial affairs; including supervision of corporate functions,
financial reporting, treasury, legal and corporate governance, Ms. Garoute actively
participated in strategic planningand completed C$115M in public offerings and private
placement financings despite significant political risks and a weak gold environment ,
and successfully negotiated a $75M project financing facility under a complex legal
environment. Previous to her tenure at Roxgold, Ms. Garoute was Corporate Controller
at SEMAFO Inc., a gold -producer, and also held senior finance positions at Canadian
National Railway, MDD Forensic Accountants and PwC.
“We are excited to welcome Natacha Garoute to the Champion team,” stated Michael
O’Keeffe, Executive Chairman and Chief Executive Officer. “Natacha’s comprehensive
understanding of the mining industry and her extensive finance experience further
strengthens Champion as it moves towards the next stage of its development, as an iron
ore producer intent on sustaining a long-life, low-cost operation at its recently restarted
Bloom Lake Iron Ore Mine. We look forward to benefitting from Natacha’s
contributions as we strive to maximize shareholder value,” Mr. O’Keeffe added.
Ms. Garoute replaces Mr. Miles Nagamatsu who has served as Champion ’s Chief
Financial Officer since 2014, and its wholly -owned subsidiary Champion Iron Mines
Limited since 2006. The Company thanks Mr. Nagamatsu for his con siderable
contributions to Champion throughout his tenure and wishes him the best in his future
endeavours.
About Champion Iron Limited
Champion is an iron mining, development and exploration company, focused on
developing its significant iron resources in the south end of the Labrador Trough in the
province of Québec. Following the acquisition of its flagship asset, the Bloom Lake iron
ore property, the Company implemented upgrades to the mine and processing
infrastructure and has partnered inprojects associated with improving access to global
iron markets, including rail and port infrastructure initiatives with government and
other key industry and community stakeholders. Champion’s management team
includes professionals with mine development and operat ions expertise, who also
have vast experience from geotechnical work to green field development, brown field
management including logistics development and financing of all stages in the mining
industry.
For further information please contact:
Michael O’Keeffe, Executive Chairman and CEO at Tel. +1 514-316-4858
David Cataford, COO at Tel. +1 514-316-4858
For additional information on Champion Iron Limited, please visit our website at
www.championiron.com
Forward-Looking information
This news release includes certain information that may constitute “forward-looking
information” under applicable Canadian securities legislation. All statements, other than
statements of historical facts, included in this news release that address the expected restart
date of Bloom Lake as well as future activities, events, developments or financial performance
constitute forward - looking information. The use of any of the words “will”, “expect”,
“anticipate”, “intend”, “believe”, “plan”, “potential”, “outlook”, “forecast”, “estimate” and
similar expressions are intended to identify forward -looking information. Forward -looking
information is necessarily based upon a number of estimates and assumptions that, while
considered reasonab le, are subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward -looking information, including the risks identified in
Champion Iron’s final short form prospectus relating to a completed equity Offering, annual
information form, management’s discussion and analysis and other securities regulatory filings
made by Champion Iron on SEDAR (including under the heading “Risk Factors” therein). 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 forward - looking
information. Accordingly, readers should not place undue re liance on forward -looking
information. All of Champion Iron’s forward-looking information contained in this press release
is given as of the date hereof and is based upon the opinions and estimates of Champion Iron’s
management and information available to management as at the date hereof. Champion Iron
disclaims any intention or obligation to update or revise any of its forward-looking information,
whether as a result of new information, future events or otherwise, except as required bylaw.