Labrador Iron Mines Annual Meeting of Shareholders

Six Iron Ore Shipments (1,050,000 Tonnes) to Date in 2013 
TORONTO, Sept. 19, 2013 /CNW/ - At its Annual Meeting of Shareholders ("AGM") 
held in Toronto, Ontario on September 18, 2013, Labrador Iron Mines ("LIM" or 
the "Company") (TSX: LIM) provided an operations update of its direct shipping 
iron ore ("DSO") mines and projects in the Schefferville/Menihek area of the 
Labrador Trough, with the following highlights: 

    --  LIM reported the completion of the Joint Venture Agreement with
        Tata Steel Minerals Canada ("TSMC") for the exploration and
        development of LIM's Howse Deposit.
    --  For the fiscal second quarter ending September 30, 2013, LIM
        expects to report the sale of four iron ore shipments (Ships 3
        - 6) totalling approximately 700,000 wet metric tonnes ("wmt")
        of 62% Fe lump and sinter product. Three iron ore shipments
        were completed in July and August 2013 and the fourth shipment
        (Ship 6) is awaiting loading at the Port of Sept-Îles.
    --  LIM's four shipments during the quarter should benefit from
        more favourable iron ore market conditions, where the average
        iron ore price on the Platts Index has been above US$125 per
        tonne (CFR China 62% Fe).
    --  LIM's 2013 exploration program is budgeted at $8 million to
        drill approximately 14,000 metres ("m") on a number of key
        projects including the Howse, Gill and Houston Deposits.

Joint Venture with Tata Steel Minerals Canada

LIM reported that the previously-announced Joint Venture Agreement with TSMC 
for the exploration and development of LIM's Howse Deposit has been completed. 
LIM has sold a 51% participating interest in the Howse Property to Howse 
Minerals Limited ("HML"), a wholly-owned subsidiary of TSMC, for a total cash 
consideration of $30million.

As part of the Joint Venture, LIM is conducting a $5 million exploration 
program on the Howse Property over the course of the 2013 calendar year. The 
exploration program comprises a targeted 70 holes with up to 10,000 m of 
drilling. The objective of the drill program is to convert the historical 
resources, currently 28 million tonnes at a grade of 58% Fe (natural basis) to 
National Instrument 43-101 ("NI 43-101") compliant mineral resources by spring 
2014 and to collect metallurgical, geotechnical, hydrogeological, and 
hydrology information to advance Howse towards production.

Following the completion of the Howse exploration program and the calculation 
of a new NI43-101 resource, HML will contribute the next $23.5 million to 
the Joint Venture and thereby increase its participating interest in the Howse 
Deposit to 70%. It is currently planned to complete a feasibility study by 
July 2014, with a target for commencement of mine development in 2015 and 
commercial production in 2016.

Details of the Joint Venture Agreement with TSMC can be found in LIM's press 
release dated September 18, 2013.

Iron Ore Sales

For the quarter ending September 30, 2013, LIM expects to report the sale of 
four iron ore shipments (Ships 3 - 6) totalling approximately 700,000wmt of 
62% Fe lump and sinter products, outlined as follows:
    --  Ship 3, SamJohn Dream, departed the Port in mid-July carrying
        approximately 186,500 wmt of sinter;
    --  Ship 4, Hydra Warrior, departed the Port in early August
        carrying approximately 175,000 wmt (combined cargo of 128,000
        tonnes of sinter and 47,000 tonnes of lump);
    --  Ship 5, Cape Althea, departed the Port at the end of August
        carrying approximately 175,000 wmt of sinter; and,
    --  Ship 6, Cape Northville, is currently docked at the Port
        awaiting loading with approximately 165,000 wmt of sinter.

During the first quarter ended June 30, 2013, LIM completed its first two 
shipments of iron ore totaling 328,000 dry tonnes (approximately 351,500 wmt), 
which brings total shipments in 2013 to date to approximately 1,050,000 wmt. 
LIM is working to complete four more shipments during the balance of the year 
to achieve its target of 1.7 million tonnes of iron ore production in 2013.


In addition to the $5 million Howse exploration program, LIM has budgeted $3 
million for exploration drilling mainly on the Gill and Houston Deposits. 
Gill is located less than one kilometre north of Silver Yards and is expected 
to provide ore feed to the process plant in future operating years. The Gill 
Deposit currently has a historic resource of 4.1 million tonnes at a grade of 
56% Fe (dry basis).

Drilling will also be carried out on the Houston Deposits, which will test for 
potential extensions (Houston remains open along strike) and to collect 
further metallurgical information.

A copy of LIM's AGM presentation can be found at:


Election of Directors

All of the nominees for election as director: Messrs. JohnKearney, 
WilliamHooley, Matthew Coon Come, EricCunningham, Gerry Gauthier, Richard 
Lister and Danesh Varma, were unanimously re-elected as directors by a show of 
hands, to serve until the next annual general meeting of shareholders or until 
their successors are elected or appointed. The detailed results of the proxies 
submitted for the vote on the election of directors are as follows:

|Director         |   Votes  |% of Votes| Votes  |% of Votes|
|                 |          |          |        |          |
|                 |    For   |   For    |Withheld| Withheld |
|John F. Kearney  |41,376,609|   98.00% |844,103 |   2.00%  |
|D. William Hooley|41,376,409|   98.00% |844,303 |   2.00%  |
|Matthew Coon Come|41,988,442|   99.45% |232,270 |   0.55%  |
|Eric Cunningham  |41,976,156|   99.42% |244,556 |   0.58%  |
|Gerry Gauthier   |41,994,742|   99.46% |225,970 |   0.54%  |
|Richard Lister   |41,989,442|   99.45% |231,270 |   0.55%  |
|Danesh Varma     |41,376,929|   98.00% |843,783 |   2.00%  |

Re-Appointment of Auditors

McGovern Hurley Cunningham LLP Chartered Accountants were re-appointed as the 
Company's Auditors for the current year and the directors were authorized to 
fix the remuneration of the Auditors.

The formal report on voting results with respect to all matters voted upon at 
the AGM has been filed on SEDAR at

About Labrador Iron Mines Holdings Limited (LIM)

Labrador Iron Mines (LIM) is Canada's newest iron ore producer with a 
portfolio of DSO iron ore operations and projects located in the prolific 
Labrador Trough. Initial production commenced at the James Mine in June 
2011, and through 2012, iron ore sales have totalled 2.0 million dry tonnes in 
13 shipments into the Chinese spot market.

Now in its third year of operations, LIM is targeting the sale of 1.7 million 
tonnes of iron ore products in 10shipments in 2013.

The James Mine is connected by a direct rail link to the Port of Sept-Îles, 
Québec. The operation also benefits from established infrastructure including 
the town, airport, hydro power and railway service. Starting with the James 
Mine and leading to the development of the expanding Houston flagship project, 
LIM's objective is to provide shareholders with long-term value with a plan to 
increase production towards five million tonnes per year from its iron ore 
deposits in Labrador and Quebec, all within 50 kilometres of the town of 

LIM is currently the only independently-owned Canadian iron ore producer 
listed on the Toronto Stock Exchange and trades under the symbol LIM.

Cautionary Statements:

The terms "iron ore" and "ore" in this document are used in a descriptive 
sense and should not be considered as representing current economic viability.

Historical Resources:

The historical resources estimates in this Press Release are based on work 
completed and estimates prepared by Iron Ore Company of Canada ("IOC") prior 
to 1983, they are not current and were not prepared in accordance with 
National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 
43-101"). The IOC classification reported all resources (measured, indicated 
and inferred) within the total mineral resource. A qualified person has not 
done sufficient work to classify the historical estimates as current mineral 
reserves. These historical results provide an indication of the potential of 
the properties and are relevant to ongoing exploration. However, the 
historical estimates should not be relied upon.

Forward Looking Statement:

Some of the statements contained in this Press Release may be forward-looking 
statements which involve known and unknown risks and uncertainties relating 
to, but not limited to, the Company's expectations, intentions, plans and 
beliefs. Forward-looking information can often be identified by 
forward-looking words such as "anticipate", "believe", "expect", "goal", 
"plan", "intend", "estimate", "may" and "will" or similar words suggesting 
future outcomes, or other expectations, beliefs, plans, objectives, 
assumptions, intentions or statements about future events or performance. 
Forward-looking information may include reserve and resource estimates, 
estimates of future production, unit costs, costs of capital projects and 
timing of commencement of operations, and is based on current expectations 
that involve a number of business risks and uncertainties. Factors that could 
cause actual results to differ materially from any forward-looking statement 
include, but are not limited to, failure to establish estimated resources and 
reserves, the grade and recovery of ore which is mined varying from estimates, 
capital and operating costs varying significantly from estimates, delays in 
obtaining or failures to obtain required governmental, environmental or other 
project approvals, delays in the development of projects, changes in exchange 
rates, fluctuations in commodity prices, inflation and other factors. 
Forward-looking statements are subject to risks, uncertainties and other 
factors that could cause actual results to differ materially from expected 
results. There can be no assurance that the Company will be successful in 
maintaining any agreement with any First Nations groups who may assert 
aboriginal rights or may have a claim which affects the Company's properties 
or may be impacted by the Schefferville Projects. Shareholders and 
prospective investors should be aware that these statements are subject to 
known and unknown risks, uncertainties and other factors that could cause 
actual results to differ materially from those suggested by the 
forward-looking statements. Shareholders and prospective investors are 
cautioned not to place undue reliance on forward-looking information. By its 
nature, forward-looking information involves numerous assumptions, inherent 
risks and uncertainties, both general and specific, that contribute to the 
possibility that the predictions, forecasts, projections and various future 
events will not occur. The Company undertakes no obligation to update publicly 
or otherwise revise any forward-looking information whether as a result of new 
information, future events or other such factors which affect this 
information, except as required by law.

SOURCE  Labrador Iron Mines Holdings Limited 
For further information, please visit LIM's website or contact: 
John F. Kearney Chairman and Chief Executive Officer Tel: (647) 728-4105  
Rodney Cooper President and Chief Operating Officer Tel: (647) 729-1287  Keren 
Yun Vice President, Investor Relations and Communications Tel: (647) 725-0795 
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CO: Labrador Iron Mines Holdings Limited
ST: Ontario
-0- Sep/19/2013 11:00 GMT
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