Labrador Iron Mines Stock Symbol Change to LIM

Labrador Iron Mines Stock Symbol Change to LIM

Labrador Iron Mines Holdings Limited announces that the Company’s stock symbol on the Toronto Stock Exchange will be changed to “LIM” effective the start of trading on May 6, 2009.

At the time of the Company’s initial public offering in December 2007, the “LIM” trading symbol was not available. This new symbol, as identified in the Company’s logo, will align brand and market awareness as Labrador Iron Mines advances towards commercial production of high grade direct shipping iron ore commencing in 2010.

The symbol change will have no impact on the common shares and warrants currently issued and trading.

Labrador Iron Mines Holdings Limited (LIM) was established to develop direct shipping iron ore deposits on properties in which it holds interests in the Labrador Trough region – the seat of Canada’s iron ore production – in the province of Newfoundland and Labrador near Schefferville, Quebec. The Company’s properties are part of the historic Schefferville Area iron ore district from which over 150 million tons of direct shipping iron ore was previously mined by the Iron Ore Company of Canada from 1954 to 1982. Labrador Iron Mines is working to reactivate direct shipping iron ore operations in the region with plans to commence production in 2010.

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