ASX

Champion Iron Limited (TSX:CIA)(ASX:CIA) ("Champion Iron") is pleased to
announce that it has commenced trading today on the Australian Securities
Exchange ("ASX") under the ASX Code "CIA". Further to the completion of its
previously announced business combination Champion Iron commenced trading on the
Toronto Stock Exchange under the symbol CIA on March 31, 2014. Champion Iron has
196,493,153 shares currently issued and outstanding.


About Champion Iron Limited

Champion Iron Limited is an iron exploration and development company with
offices in Montreal, Toronto and Australia, and is focused on developing its
significant iron resources in the Labrador Trough in the province of Quebec.
Champion Iron holds a 100% interest in the Fermont Iron Holdings, including its
flagship Consolidated Fire Lake North Project, that is located in Canada's major
iron ore producing district, in close proximity to 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 Iron'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.


Champion Iron also holds an option to earn into 100% of the Snelgrove Lake
Project, a highly prospective iron ore project located in the Labrador Trough in
Newfoundland and Labrador. The Snelgrove Lake Project has excellent access to
infrastructure, with potential for both a hematite and multi-billion tonne
magnetite project. 


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 Champion Iron'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 Iron's annual information forms, management discussion and analysis and
other securities regulatory filings by Champion Iron 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 Iron'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 Iron's management and information available to
management as at the date hereof. Champion Iron 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 law.


This press release has been prepared by Champion Iron Limited and no regulatory
authority has approved or disapproved the information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Champion Iron Limited
Thomas G. Larsen
Director and CEO
(416) 866-2200


Champion Iron Limited
Jorge Estepa
Vice-President and Corporate Secretary (Canada)
(416) 866-2200
(416) 361-1333 (FAX)
www.championironmines.com

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