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Baffinland submits Final Environmental Impact Statement Addendum for Phase 2

OAKVILLE, ON, August 16, 2018 – Baffinland Iron Mines Corporation (Baffinland) announced today that it has submitted the Environmental Impact Statement for its Mary River Project Phase 2 to the Nunavut Impact Review Board (NIRB). Baffinland is seeking a coordinated review process whereby the informational requirements for the NIRB environmental assessment review process and the Nunavut Water Board licensing process are undertaken jointly. The study outlines the development of Baffinland’s proposed 12-million tonne expansion project and associated effects assessment. The project is highlighted by the development of a railway from the Mary River Mine to Milne Inlet Port, and associated infrastructure. The expansion represents the first step of Baffinland’s larger expansion program, which also includes the previously-approved construction of a railway from the Mary River Mine, travelling south to Steensby Inlet. Brian Penney, Baffinland President and CEO stated: “The submission of this report represents a significant milestone in the development of our Phase 2 Expansion Program. The expansion of the Mary River Mine is critical to the long-term viability of our operation, and the key to bring enhanced benefits to the North Baffin communities and our partners.” Public consultation has been an ongoing component of the expansion application process. Led by the NIRB, the permitting process will now move to a public consultation phase, which will include activities across the North Baffin region. The goal of these activities is for the NIRB and Baffinland to listen to, and meaningfully consider feedback from community members as the projects plans move forward. About Baffinland Iron Mines Corporation Jointly owned by Nunavut Iron Ore and ArcelorMittal, Baffinland Iron Mines Corporation operates a high-grade iron ore mine located on Baffin Island, Nunavut. Our mine produces the highest grade of direct shipping iron ore in the world. Baffinland has applied for permits to increase annual shipments to 12 million tonnes. Baffinland is committed to operating the Mary River Mine in an environmentally and socially responsible manner that benefits all stakeholders. Media inquiries can be directed to: Jason Leite Communications Specialist Jason.Leite@baffinland.com Phone: (416) 364-8820 ext. 5032 Cell: (416) 529-2624
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