RETRANSMISSION: Champion is Pleased With Quebec Government's Announcement of A Pre-Feasibility Study for A Third Railway Under

RETRANSMISSION: Champion is Pleased With Quebec Government's Announcement of A 
Pre-Feasibility Study for A Third Railway Under
Their Economic Policy 
TORONTO, ONTARIO -- (Marketwired) -- 10/08/13 -- CHAMPION IRON MINES
"Company") is pleased to comment on today's announcement by the
Quebec Government Economic Policy regarding the initiation of a
pre-feasibility study for a third railway to transport iron ore from
the Labrador Trough.  
The announcement by the Quebec Government is as follows:  
"As part of a vision for responsible development of northern
infrastructures that are essential to ensuring the economic and
social development of the northern territory. 
The government is completing them, while ensuring the risk is shared
among all the partners in question. The government will include the
First Nations and Inuit in discussions concerning the North for all. 
As part of Quebec's Economic Policy - Putting Jobs First, the
government has announced investments including the following, a
Pre-Feasibility study regarding the construction of a new railway
The government is aware of the special issues related to the
development of the Cote-Nord and to the importance of preparing
Quebec for the rapid growth of markets. 
This is why the government will finance a pre-feasibility study on
building a third railway link to transport ore from the Labrador
Trough. The desired characteristics of the line will be specified to
be able to invite private investors to finance the project. 
Funds totalling up to $20 million have been set aside for this study
within the Fonds du developpement nordique, which will mobilize
various stakeholders for the development of a public infrastructure
or its equivalent, ensuring free access at advantageous costs to
interested users." 
Tom Larsen, Champion Iron Mines' President and CEO commented,
"Champion is extremely pleased that the Quebec government is going
forward with the pre-feasibility of a third rail link to transport
iron ore from the Labrador Trough by committing up to $20 million to
complete a rail pre-feasibility study. This will help to demonstrate
a cost-effective solution for iron ore developers to transport ore to
the Port of Sept-Iles. Not only is this decision beneficial for iron
ore developers such as Champion, and others but also for the economy
of Quebec, the Uashat Mak Mani-Utenam First Nation, other local
communities and the Port of Sept-Iles. My belief is that this type of
message will further attract foreign investment that is essential to
turn the Labrador Trough into a more cost efficient iron ore centre." 
About Champion Iron Mines Limited 
Champion is an iron exploration and development company with offices
in Montreal and Toronto, and is focused on developing its significant
iron resources in the provinces of Quebec and Newfoundland &
Labrador. Champion holds a 100% interest in the Fermont Iron Holdings
located in Quebec.  
Champion's Fermont Iron Holdings, including its flagship Consolidated
Fire Lake North Project, are located in Canada's major iron ore
producing district, in close proximity to five producing iron mines,
existing transportation and power infrastructure. Consolidated Fire
Lake North is located immediately north of Arcelor Mittal's operating
Fire Lake Mine and 60 km south of Cliffs Natural Resources Inc.'s
Bloom Lake Mine in northeastern Quebec. Champion's management and
advisory board includes mining and exploration professionals with the
mine development and operations experience to build, commission, and
operate the future Consolidated Fire Lake North mine. 
For additional information on Champion Iron Mines Limited, please
visit our website at  
This news release includes certain information that may constitute
"forward-looking information" under applicable Canadian securities
legislation. Forward-looking information includes, but is not limited
to, statements about planned operations at the Company's projects,
including its joint venture projects. Forward-looking information is
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward-looking information, including the risks
identified in Champion's annual information forms, management
discussion and analysis and other securities regulatory filings by
Champion on SEDAR (including under the heading "Risk Factors"
therein). There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Accordingly, readers should not place undue reliance on
forward-looking information. All of Champion's forward-looking
information contained in this press release is given as of the date
hereof and is based upon the opinions and estimates of Champion's
management and information available to management as at the date
hereof. Champion disclaims any intention or obligation to update or
revise any of its forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
This press release has been prepared by Champion Iron Mines Limited
and no regulatory authority has approved or disapproved the
information contained herein. 
Champion Iron Mines Limited
Thomas G. Larsen
President and CEO
(416) 866-2200
(416) 361-1333 (FAX) 
Champion Iron Mines Limited
Jorge Estepa
Vice President
(416) 866-2200
(416) 361-1333 (FAX)
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