Labrador Iron Mines

Holdings Limited

TSX: LIM

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Technical Report Resource Estimation of the James, Redmond 2B and Redmond 5 Mineral Deposits
18 Dec, 2009

Labrador Iron Mines Holdings Limited (TSX: LIM) is focused on the development and production of the Schefferville area project located in western Labrador and north eastern Quebec. The project comprises 20 direct shipping ("DSO") iron ore deposits forming part of the historic Schefferville area iron ore district where mining of adjacent deposits was previously carried out by the Iron Ore Company of Canada from 1954 to 1982. Labrador Iron Mines plans mining in varying stages, the first of which comprises the James and Redmond deposits located in close proximity to existing infrastructure. Subject to timely receipt of all permits and licences, the Company plans to commence iron ore production in the summer of 2010.

The LIM Advantage		Latest News
100% interest in 8 Direct Shipping (DSO) iron ore deposits in western Labrador near Schefferville, Quebec Extensive infrastructure in place from previous IOC operations including power, airport, roads, 565km of rail, deep sea port Low risk start-up involving several previously developed brownfield sites Low capex open-pit mining, technically simple processing Well capitalized with $28 million in treasury and no debt High quality lump and fines products suitable for European and Asian markets		05-03-2010 - LIM Financing Increased to $35 Million 04-03-2010 - LIM Announces Bought Deal Financing of $25 Million 16-02-2010 - LIM Receives Government Environmental Approval and Project Release for DSO Iron Ore Operations 15-02-2010 - LIM Third Quarter Financial Results Reports Change in Accounting Treatment of Stock Based Compensation 15-02-2010 - LIM signs Agreement with Port of Sept-Iles

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