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Champion Iron Provides Notice of First Quarter Results FOR FY2023 and Conference Call Webcast Details

Financials

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PRESS RELEASE

CHAMPION IRON PROVIDES NOTICE OF FIRST QUARTER RESULTS FOR FY2023

AND CONFERENCE CALL WEBCAST DETAILS

Montréal, July 13, 2022 - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) (“Champion” or the “Company”) announces that it

will be hosting a conference call and webcast on July 28, 2022, at 8:30 AM (Montréal Time) / 10:30 PM (Sydney time) with senior

management, during which they will review the Company’s financial and operational results for the first quarter ended June 30, 2022, of

the financial year ending March 31, 2023.

Champion’s financial statements and management's discussion and analysis for the first quarter ended June 30, 2022, will be released

prior to the conference call and webcast, and will be available in the “ Financial & Regulatory Reports” section of the Company’s website

at www.championiron.com, and under the Company’s profile on SEDAR at www.sedar.com and on the ASX at www.asx.com.au.

A live audio webcast of the conference call will be accessible for a period of 90 days through Champion’s website

at www.championiron.com/investors/events-presentations.

Access to the Conference Call:

Tel. local & overseas: (+1) 416 764 8688

Tel. North America: (+1) 888 390 0546

Tel. Australia: 1800 076 068

Webcast: www.championiron.com/investors

Replay overseas: (+1) 416 764 8677

Replay N. America: (+1) 888 390 0541

Replay pass code: 385355 #

Replay expiration: Thursday, August 4, 2022, at 11:59 PM (Montréal time) / Friday, August 5, 2022, at 1:59 PM

(Sydney time)

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, Québec. Bloom Lake is an open-pit operation with two concentrators that primarily

source energy from renewable hydroelectric power. The Bloom Lake Phase I and Phase II plants have a combined nameplate capacity of 15 Mtpa

and produce a low contaminant high -grade 66.2% Fe iron ore concentrate with a proven ability to produce a 67.5% Fe direct reduction quality

concentrate. Bloom Lake’s high -grade and low contaminant iron ore products have attracted a premium to the Platts IODEX 62% Fe iron ore

benchmark. The Company ships iron ore concentrate from Bloom Lake b y rail, to a ship loading port in Sept -Îles, Québec, and sells its iron ore

concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to the Bloom

Lake Mining Complex, 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.

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For further information , please contact:

Michael Marcotte, CFA

Senior Vice-President, Corporate Development and Capital Markets

514-316-4858, Ext. 128

[email protected]

For additional information on Champion Iron Limited, please visit our website at: www.championiron.com.

This press release has been authorized for release to the market by the CEO of Champion Iron Limited, David Cataford.