CHAMPION IRON ANNOUNCES THE DEPARTURE OF ITS CHIEF FINANCIAL OFFICER – QNT Press Release

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MONTRÉAL, April 11, 2022 /CNW/ – Champion Iron Limited (TSX:CIA) (ASX: CIA) (OTCQX:CIAFF) (“Champion” or the “Company”) announces that its Chief Financial Officer (“CFO”), Natacha Garoutewill be departing the Company following the 2022 fiscal year end results. The Company is actively engaged in a search for her successor. In the event of an interim period prior to the nomination of a new CFO, the Company’s executive team and finance department will have direct oversight of the CFO responsibilities.

Champion’s CEO, Mr. David Cataford, said: “As an integral member of our executive team since 2018, Natacha participated in the achievement of several milestones for our Company over the recent years, including our Phase II expansion project which remains on track for completion as previously disclosed. A global search is being undertaken for a new CFO. On behalf of the Board of Directors and management, I would like to thank Natacha for her contributions over the years. We wish her great success in her future endeavours.”

About Champion Iron Limited

Champion Iron Limited, through its subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Québec. Bloom Lake is an open-pit operation with a concentrator that primarily sources energy from renewable hydroelectric power. The Bloom Lake Phase I plant has a nameplate capacity of 7.4 Mtpa and …

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