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Labrador Iron Mines Holdings Limited: Labrador Iron Mines Announces Results of Preliminary Economic Assessment of the Houston Project with low re-start capital and robust economics Toronto, Ontario (Newsfile Corp. - March 9, 2021) - Labrador Iron Mines Holdings Limited (OTC: LBRMF) ( LIMH or the Company ) announces the results of an independent Preliminary Economic Assessment ( PEA ) on its Houston Project prepared by Roscoe Postle Associates Inc ( RPA ), now part of SLR Consulting Ltd. The Houston Project is an open pit, direct shipping, iron ore project located in the Labrador Trough region in eastern Canada, near the town of Schefferville, Quebec, consisting of the Houston 1, 2 and 3 deposits in Newfoundland and Labrador, and the Malcolm deposit in Quebec. The Houston Project is owned 100% by Labrador Iron Mines Limited ( LIM ) and its wholly-owned subsidiary Schefferville Mines Inc. ( SMI ). LIMH owns 52% of LIM.

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