🕐03.10.14 - 05:27 Uhr

CHAMPION IRON LIMITED [ASX: CIA] - MICHAEL OKEEFFE APPOINTED CEO





Fortbridge Media Release

Champion Iron Limited [ASX: CIA] - Michael OKeeffe appointed CEO

The board of Champion Iron Limited (ASX: CIA, TSX: CIA) (Champion or CIA) is pleased to advise that Michael OKeeffe has been appointed Chief Executive Officer of the Company, effective immediately. Mr. OKeeffe will retain his current position as Executive Chairman of Champion.

The appointment decided at the board meeting today follows the resignation from Champion of Thomas Larsen to head-up Cartier Iron Corporation (Cartier Iron) last month. Mr. Larsen retired as CEO and as a Director of the Company at the conclusion of the Annual General Meeting on 29 Aug 2014, but remains as a consultant to the Company as an Advisor to CEO for the period 1 September 2014 to 31 August 2015.

Mr. OKeeffe has held the position of Executive Chairman of Champion since the merger of Mamba Minerals and Champion Iron Mines Ltd announced in 2013, and prior to this has had an extensive and successful career within the mining and metals industries, including:

* Chairman of Mamba Minerals from 2012 to 2013, including raising 10 million dollars for the merged Champion entity in 2014

* Executive Chairman of Riversdale Mining Limited (Riversdale) from 2004 to 2011

* Led the development of Riversdale from a junior with a market cap of AU 7 million dollars until it was acquired by Rio Tinto for AU 4 billion dollars

* During his period at Riversdale, Mr. OKeeffe raised approximately AU 780 million dollars for Riversdale

* Managing Partner of Glencore Australia (Pty) Limited from 1995 to 2004

Directors believe the appointment of Mr. OKeeffe will contribute towards the delivery of immediate term programs in support of advancing the development of the Consolidated Fire Lake North Project (Fire Lake) asset.

To view the full announcement please refer to the attachment.

For media and investor inquiries, please contact:

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Bill Kemmery
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