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Champion Iron Provides Notice of Third Quarter Results FOR FY2025 with Conference Call Webcast Details

Financials

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PRESS RELEASE

CHAMPION IRON PROVIDES NOTICE OF THIRD QUARTER RESULTS FOR FY2025

WITH CONFERENCE CALL WEBCAST DETAILS

Montréal, January 15, 2025 (Sydney, January 16, 2025) - 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 January 30, 2025, at 9:00 AM (Montréal time) / January 31,

2025, at 1:00 AM (Sydney time) with its senior management, during which they will review the Company’s operational and financial results

for the third quarter ended December 31, 2024, of the financial year ending March 31, 2025.

Champion’s financial statements and management's discussion and analysis for the third quarter ended December 31, 2024, will be

released prior to the conference call and webcast, and will be available in the “Financial & Regulatory Reports” section of t he Company’s

website at www.championiron.com, under the Company’s profile on SEDAR+ at www.sedarplus.ca 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) 416 945 7677

Tel. North America: (+1) 888 699 1199

Tel. Australia: (+61) 2 8017 1385

Webcast: www.championiron.com/investors

Replay overseas: (+1) 289 819 1450

Replay N. America: (+1) 888 660 6345

Replay passcode: 13894 #

Replay expiration: Thursday, February 6, 2024, at 11:59 PM (Montréal time) /

Friday, February 7, 2024, at 3:59 PM (Sydney time)

About Champion Iron Limited

Champion, through its wholly-owned 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

concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15 Mtpa

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

quality iron ore concentrate. Benefiting from one of the highest purity resources globally, the Company is investing to upgrade half of the

Bloom Lake mine capacity to a direct reduction quality pellet feed iron ore with up to 69% Fe. 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 by rail, to a ship loading port in Sept-Îles, Québec, and has delivered its iron ore concentrate globally, including in China, Japan,

the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, 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 Cluster II portfolio of properties, located within 60 km south of Bloom Lake.

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For further information , please contact:

Champion Iron Limited

Michael Marcotte, CFA

Senior Vice-President, Corporate Development and Capital Markets

514-316-4858, Ext. 1128

[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.