Baffinland Iron Mines Corporation
TSX VENTURE : BIM
TSX : BIM

Baffinland Iron Mines Corporation

September 13, 2007 08:33 ET

Baffinland Issues Overview of Proposed Mary River Project

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2007) –

Attention Business Editors:

Baffinland Iron Mines Corporation ("Baffinland")(TSX:BIM) released today an overview document which summarizes the proposed project plans for which Baffinland intends to seek regulatory approval.

Baffinland intends to initiate the regulatory process for its proposed development of the Mary River project with the submissions of applications and a detailed project description in December 2007.

The Mary River project overview document can be found on Baffinland's website at www.baffinland.com.

Baffinland is a Canadian publicly-traded junior mining company that is focused on its wholly-owned Mary River iron ore deposits located on Baffin Island, Nunavut Territory, Canada. Baffinland's shares trade on the Toronto Stock Exchange under the trading symbol BIM.

This press release contains certain information that may constitute forward-looking information within the meaning of securities laws. Forward-looking information is based on certain factors and assumptions regarding, among other things, expected mineral resources, iron ore prices and the feasibility of constructing and operating a direct-shipping iron ore mine at Baffinland's Mary River project. While Baffinland considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward looking-information is subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what is currently expected. These factors include risks relating to exploration and development risks, risks relating to the worldwide price of, demand for and supply of iron ore, financing and liquidity risks, risks relating to the receipt of necessary licences, permits and regulatory approvals, and risks relating to the construction and operation of a mine at Baffinland's Mary River project. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Baffinland may elect to, it is under no obligation and does not undertake to update this information at any particular time.

Contact Information

  • Baffinland Iron Mines Corporation
    Gordon A. McCreary
    President and Chief Executive Officer
    (416) 814-3163
    Email: info@baffinland.com
    Website: www.baffinland.com

    The Equicom Group
    Andreas Curkovic
    (416) 815-0700 ext. 262