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Champion Iron’s subsidiary, Quebec Iron Ore Inc. and the Innu People of Uashat mak Mani-utenam Enter into Impact and Benefits Agreement with respect to the Bloom Lake Mine

MONTREAL, QC–(Marketwired – April 12, 2017) – Champion Iron Limited (ASX: CIA) (TSX: CIA) (“Champion” or the “Company”), through its subsidiary Quebec Iron Ore Inc. (“QIO”), and the band council, Innu of Takuaikan Uashat mak Mani-utenam (ITUM), have entered into an Impact and Benefits Agreement (the “IBA”) with respect to future operations at the Bloom Lake Iron Mine (“Bloom Lake”) located near Fermont, Quebec. An official signing ceremony has taken place today.