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TORONTO, ONTARIO--(Jan. 13, 2012) -Labrador Iron Mines Holdings Limited(TSX:LIM) is pleased to report preliminary unaudited operating results for the period to December 31, 2011 from its James direct shipping (DSO) iron ore project near Schefferville, Quebec.

These operating results reflect the period beginning June 1, 2011 with the commencement of mining operations at the James Mine and commissioning and start-up of the Silver Yards processing plant. This is considered to be a pre-production, start-up and testing period. Commercial production for the Schefferville Project is expected to be declared in 2012.