Results of Annual General Meeting

ABN: 32 072 871 133

Central Iron Ore Ltd.

Suite 1, Level 2, 49-51 York Street, Sydney 2000 Australia

Tel. +61 2 9397 7555

NEWS RELEASE Symbol: CIO-TSXV

December 5, 2022 For Immediate Dissemination

RESULTS OF ANNUAL GENERAL MEETING

VANCOUVER, BRITISH COLUMBIA – (Marketwire – December 5, 2022), Central Iron Ore

Ltd. (CIO – TSX.V) (“CIO” or “the Company”) announces the results of its annual general meeting

held on November 30, 2022 (Meeting). Directors Richard Homsany, Tony Howland -Rose and

David Deitz were re-elected at the Meeting by resolution of the shareholders, whilst the resolution

for the re-election of director Brett Hodgins was not passed. Mr Hodgins therefore ceases to hold

the office of director effective on and from the close of the Meeting, and ceases to hold the

positions of President and Chief Executive Officer . Director David Deitz, who previously served

as the Company’s Chief Financial Office r, has assumed the position of Chief Executive Officer

and Graham Hurwitz has been appointed as Chief Financial Officer . These changes above are

effective as of the date of this release.

Resolutions concerning the appointment of SCS Audit and Corporate Services Pty Ltd as auditors

of the Company and the continuation of the Company’s 10% rolling stock option plan were also

passed at the Meeting.

The directors sincerely thank Brett Hodgins for his service and contribution to the Company and

wish him well in his future endeavours.

For more information, please contact:

David Deitz, Director

Tel: +61 411 858 830

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