Labrador Iron Mines

Holdings Limited

TSX: LIM

Corporate Information

Common Shares

Company Overview

Labrador Iron Mines Holdings Limited (TSX: LIM) is Canada's newest and only independently-owned iron ore producer. The Company is focused on the development and production of its 20 direct shipping (DSO) iron ore deposits located in the historic Schefferville area of the Labrador Trough. Schefferville is a iron-rich district where mining of adjacent deposits was previously carried out by the Iron Ore Company of Canada from the mid-1950s to the early 1980s. The area hosts established infrastructure including the town, airstrip, hydro power and railway service to the Port of Sept-Iles, Quebec. Through its wholly-owned subsidiaries, Labrador Iron Mines Limited and Schefferville Mines Inc., LIM has acquired interests in mineral claims and mineral licenses containing historical resources of approximately 150 million tonnes of iron ore.

The Company has made significant strides since launching its Initial Public Offering in 2007, having completed the permitting and construction phases of its James Mine in approximately three years. Initial production at the James Mine commenced in June 2011, reaching an average rate of approximately 16,000 tonnes per day for a total of 1.2 million tonnes of ore mined during the year. The first full year of production commenced on April 2, 2012 and LIM achieved sales of 1.6 million tonnes of sinter and lump products. In April 2013, LIM commenced its third operating season and is targeting saleable iron ore production of 1.75 to 2.0 million tonnes this year.

LIM is focused on a strategic and robust growth platform, arising from its portfolio of 20 DSO iron ore deposits. Led by the development of the exciting Houston flagship deposit, which contains a NI 43-101 compliant resource of approximately 23 million tonnes of iron ore, LIM's objective is to provide shareholders with long-term value, as the company ramps up production and sales to 5.0 million tonnes.