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CIA.TO ·

Champion Iron to Hold Its Annual General Meeting of

Shareholder Meetings

PRESS RELEASE

CHAMPION IRON TO HOLD ITS ANNUAL GENERAL MEETING OF

SHAREHOLDERS ON AUGUST 17, 2018

Montréal, Québec, August 1 4, 2018 – Champion Iron Limited (TSX: CIA) ( ASX: CIA)

(“Champion” or the “Company”) announced today that further to the various filings

previously made in this regard, it will hold its annual general meeting of shareholders

(the “Meeting”) on Friday, August 17, 2018 in Montreal. The Meeting is scheduled to

begin at 10:00 am Eastern. Information relating to the Meeting can be found under the

Company’s filings on SEDAR ( www.sedar.com) and in the following link provided by

Champion’s transfer agent,https://docs.tsxtrust.com/2066.

The specific details for the Meeting are as follows:

Date: Friday, August 17, 2018

Time: 10:00 am (Eastern)

Location: The offices of McCarthy Tétrault LLP,

1000 De La Gauchetière Street West , Suite 2500 ,

Montréal, Québec H3B 0A2

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 governmen t and

other key industry and community stakeholders. Champion’s management team

includes professionals with mine development and operations 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 financi al 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 reasonable, 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 e vents could differ materially from those anticipated in such forward - looking

information. Accordingly, readers should not place undue reliance 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.