New Millennium Iron Corp. Announces the Appointment of Mr. Gino Levesque as Senior Vice President of Tata Steel Minerals Canada

New Millennium Iron Corp. Announces the Appointment of Mr. Gino Levesque as 
Senior Vice President of Tata Steel Minerals Canada Ltd. 
CALGARY, ALBERTA -- (Marketwired) -- 04/05/13 --  
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES 
New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML)
announced today that Tata Steel Minerals Canada Ltd ("TSMC"), in
which NML has a 20% interest, has appointed Mr. Gino Levesque as
Senior Vice President, Projects and Logistics, reporting to Mr.
Rajesh Sharma, Managing Director and CEO of TSMC.  
Born in Sept-Iles, Mr. Levesque has strong ties to the community.
After starting his career at General Motors in Broisbriand, Quebec,
followed by four years in the steel industry with Sidbec-Dosco at
Contrecoeur, Mr. Levesque participated actively in the successful
start-up of Phase 1 Alouette Aluminum at Sept-Iles. He then spent
several years in the forestry industry before returning to Sept-Iles
in 2008 as Vice President and General Manager at Wabush Mines with
responsibility for the pellet plant, material handling and shipping
at Pointe-Noire as well as for the Scully Mine in Labrador. He later
became Vice President Eastern Canada Iron Ore for Cliffs Natural
Resources Inc.  
In February 2012, Mr. Levesque left Cliffs to become Vice President
Operations, Containerboard and Boxboard at Norampac, a division of
Cascades Inc.  
"NML is very pleased that Gino has returned to iron ore mining with
TSMC", said Dean Journeaux, President and Chief Executive Officer of
NML. "He is a strong and experienced leader whose knowledge of iron
ore projects and operations in the Labrador Trough, along with
pelletizing, materials handling, and shipping at Pointe-Noire, will
contribute significantly to the delivery of our projects."  
Mr. Levesque holds a Bachelor in engineering from ETS - Ecole de
technologie superieure de Montreal, and an MBA from UQAM - Universite
de Quebec a Montreal. He is also a graduate of the General Management
Program at Harvard Business School. 
About New Millennium  
The Corporation controls the emerging Millennium Iron Range, located
in the Province of Newfoundland and Labrador and in the Province of
Quebec, which holds one of the world's largest undeveloped magnetic
iron ore
 deposits. In the same area, the Corporation and Tata Steel
Limited, one of the largest steel producers in the world, are
advancing a Direct Shipping Ore ("DSO") Project to near term
production. Tata Steel Limited owns approximately 26.3% of New
Millennium and is the Corporation's largest shareholder and strategic
partner.  
Tata Steel exercised its exclusive option to participate in the DSO
Project and has a commitment to take the resulting production (see
news release 10-16 dated September 14, 2010). The DSO Project is
owned and operated by TSMC, which in turn is 80% owned by Tata Steel
and 20% owned by NML. The DSO Project contains 64.1 million tonnes of
Proven and Probable Mineral Reserves at an average grade of 58.8% Fe,
21.0 million tonnes of Measured and Indicated Mineral Resources at an
average grade of 59.2% Fe, 10.3 million tonnes of Inferred Resources
at an average grade of 58.3% Fe and about 25.0 - 30.0 million tonnes
of historical resources that are not currently in compliance with NI
43-101 (see news release 09-03 dated February 11, 2009, news release
09-05 dated March 4, 2009, news release 09-16 dated December 9, 2009,
news release 10-12 dated July 8, 2010 and news release 12-14, dated
May 31, 2012). A qualified person has not done sufficient work to
classify the historical estimate as current mineral resources or
mineral reserves, the Corporation is not treating the historical
estimate as current mineral resources or mineral reserves and the
historical estimate should not be relied upon.  
The Millennium Iron Range currently hosts two advanced projects:
LabMag contains 3.5 billion tonnes of Proven and Probable reserves at
a grade of 29.6% Fe plus 1.0 billion tonnes of Measured and Indicated
resources at an average grade of 29.5% Fe and 1.2 billion tonnes of
Inferred resources at an average grade of 29.3% Fe (see news release
06-13 dated July 5, 2006 and news release 07-11 dated July 17, 2007);
KeMag contains 2.1 billion tonnes of Proven and Probable reserves at
an average grade of 31.3% Fe, 0.3 billion tonnes of Measured and
Indicated resources at an average grade of 31.3 % Fe and 1.0 billion
tonnes of Inferred resources at an average grade of 31.2% Fe (see
news release 09-01 dated January 16, 2009). Tata Steel also exercised
its exclusive right to negotiate and settle a proposed transaction in
respect of the LabMag Project and the KeMag Project (see news release
11-09 dated March 6, 2011).  
The Millennium Iron Range now hosts other taconite deposits. The
first is the Lac Ritchie property located at the north end of the
Range. The initial 2011 drilling of 40 holes in this property
revealed Indicated Resources of 3.330 billion tonnes at an average
grade of 30.3% Fe, and Inferred Resources of 1.437 billion tonnes at
an average grade of 30.9% Fe (see news release NR 12-11, dated April
02, 2012). Two other taconite deposits are located south of the
LabMag deposit in the Millennium Iron Range. The initial 2012
drilling of 23 holes in the Sheps Lake property and of 50 holes in
the Perault Lake property revealed Indicated Resources of 3.580
billion tonnes at an average grade of 31.22%, and Inferred Resources
of 795 million tonnes at an average grade of 30.56% (see news release
NR 13-04, dated February 11, 2013). The Corporation's mission is to
add shareholder value through the responsible and expeditious
development of the Millennium Iron Range and other mineral projects
to create a new large source of raw materials for the world's iron
and steel industries.  
For further information, please visit www.NMLiron.com,
www.tatasteel.com, www.tatasteelcanada.com, and
www.tatasteeleurope.com.  
Dean Journeaux, Eng., and Thiagarajan Balakrishnan, P. Geo., are the
Qualified Persons as defined in National Instrument 43-101 who have
reviewed and verified the scientific and technical mining disclosure
contained in this news release. 
Forward-Looking Statements  
This document may contain "forward-looking statements" within the
meaning of Canadian securities legislation and the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date of this document
and the Corporation does not intend, and does not assume any
obligation, to update these forward-looking statements.  
Forward-looking statements relate to future events or future
performance and reflect management of the Corporation's expectations
or beliefs regarding future events and include, but are not limited
to, statements with respect to the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing
and amount of estimated future production, costs of production,
capital expenditures, success of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims
and limitations on insurance coverage. In certain cases,
forward-looking statements can be identified by the use of words such
as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and
phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will
 be taken", "occur" or "be
achieved" or the negative of these terms or comparable terminology.  
By their very nature forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Corporation to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
Such factors include, among others, risks related to actual results
of current exploration activities; changes in project parameters as
plans continue to be refined; future prices of resources; possible
variations in ore reserves, grade or recovery rates; accidents,
labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
development or construction activities; as well as those factors
detailed from time to time in the Corporation's interim and annual
financial statements and management's discussion and analysis of
those statements, all of which are filed and available for review on
SEDAR at www.sedar.com. Although the Corporation has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward looking statements. 
Contacts:
New Millennium Iron Corp.
Dean Journeaux
President & CEO
(514) 935-3204 
New Millennium Iron Corp.
Andreas Curkovic
Investor Relations
(416) 577-9927
 
 
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