News Release
Kami Iron Ore Project – Public Comments Invited

OTTAWA, October 1, 2012 – The Canadian Environmental Assessment Agency (the Agency) and the Newfoundland and Labrador (NL) Department of Environment and Conservation are conducting a cooperative environmental assessment of the Kami Iron Ore Project located near the towns of Wabush and Labrador City in Newfoundland and Labrador and the town of Fermont, Québec.

Public Comment Period

The Agency and the NL Department of Environment and Conservation invite the public to comment on the potential environmental effects of the project and the proposed measures to prevent or mitigate those effects as identified by the proponent.

Consultation Documents

A summary of the proponent's Environmental Impact Statement (EIS) in both official languages is available on the Agency's website (registry reference number 64575). The complete EIS is available (in the language in which it was produced) on the NL Department of Environment and Conservation website (registration number 1611) and on the Agency's website.

Paper copies of the consultation documents are available for viewing at the following locations:

• Margaret Butt Memorial Public Library
  306 Hudson Drive
  Labrador City, NL
• Town of Labrador City
  317 Hudson Drive
  Labrador City, NL
• Town of Wabush
  15 Whiteway Drive
  Wabush, NL
• Louis Ange Santerre Library
  500 Jolliet Avenue
  Sept-îles, QC
• Fermont Library
  100 Daviault Place
  Fermont, QC

Written comments must be sent by November 20, 2012 to:

Canadian Environmental Assessment Agency
Derek McDonald, Project Manager
1801 Hollis Street, Suite 200
Halifax, NS B3J 3N4
Tel.: (902) 426-0564
Fax: (902) 426-6550
Kami@ceaa-acee.gc.ca

Or

Environmental Assessment Division
Dept. Environment and Conservation
Brent Keeping, Environmental Scientist
PO Box 8700
St. John's NL A1B 4J6
Telephone: 709-729-4223
Fax: 709-729-5518
EAProjectComments@gov.nl.ca

All comments received will be considered public.

The Proposed Project

Alderon Iron Ore Corp. (the Proponent) is proposing the Kami Iron Ore Project (the Project) that consists of constructing and operating an open-pit iron ore mine near the towns of Wabush and Labrador City in Labrador and the town of Fermont, Québec. The mine would produce up to 16 million tonnes of iron ore concentrate annually and would include waste rock disposal areas, a tailings management facility, processing and support infrastructure, and a 12-kilometre rail connection to the existing Quebec North Shore and Labrador Railway. There would also be storage and load-out facilities in Sept-Îles, Quebec.

The proposed Project is subject to both the former Canadian Environmental Assessment Act and the Newfoundland and Labrador Environmental Protection Act.

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Media may contact:

Canadian Environmental Assessment Agency
Céline Legault
Communications Advisor
Tel.: 613-957-0278

Or

Newfoundland and Labrador Department of Environment and Conservation
Melony O'Neill
Director of Communications
Tel.: 709-729-2575