Freewest Resources Canada Inc.
TSX VENTURE : FWR

Freewest Resources Canada Inc.
Cliffs Natural Resources Inc.
NYSE : CLF
PARIS : CLF

Cliffs Natural Resources Inc.

December 07, 2009 17:59 ET

Freewest Resources Canada Inc. and Cliffs Natural Resources Inc. to Hold Investor Call to Address False and Misleading Statements Made by Noront Resources Ltd.

CLEVELAND, OHIO and MONTREAL, QUEBEC--(Marketwire - Dec. 7, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) and Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) will hold a conference call for shareholders of Freewest on Tuesday, Dec. 8, 2009 at 9 a.m. ET to discuss Cliffs' offer to acquire all of the outstanding shares of Freewest. The companies also will address the false and misleading statements being made by Noront Resources Ltd. in support of its take-over bid for Freewest. 

The call will be hosted by Mac Watson, president and chief executive officer of Freewest, and Joseph Carrabba, chairman, president and chief executive officer of Cliffs.

To participate in the call, dial (877) 485-3104 (Outside North America: 201-689-8579) 10 minutes before the call begins, or 8:50 a.m. ET. The conference ID number is 339308.

The call will be broadcast live on Freewest's and Cliffs' websites at http://www.freewest.com/ and http://www.cliffsnaturalresources.com.

If you are unable to participate during the live webcast, the call will be recorded and archived at both companies' websites and available for replay shortly after the call concludes.

To be added to Cliffs Natural Resources' e-mail distribution list, please click on the link below: http://www.cpg-llc.com/clearsite/clf/emailoptin.html

About Freewest Resources Canada Inc.

Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on Tier 1 of the TSX Venture Exchange under the symbol FWR.

About Cliffs Natural Resources Inc.

Cliffs Natural Resources (NYSE:CLF)(PARIS:CLF) is an international mining and natural resources company. It is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal. With core values of environmental and capital stewardship, Cliffs' colleagues across the globe endeavor to provide all stakeholders operating and financial transparency as embodied in the Global Reporting Initiative (GRI) framework. Cliffs is organized through three geographic business units:

The North American business unit is comprised of six iron ore mines owned or managed in Michigan, Minnesota and Eastern Canada, and two coking coal mining complexes located in West Virginia and Alabama. The Asia Pacific business unit is comprised of two iron ore mining complexes in Western Australia and a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. The South American business unit includes a 30% interest in the Amapá Project, an iron ore project in the state of Amapá in Brazil.

Over recent years, Cliffs has been executing a strategy designed to achieve scale in the mining industry and focused on serving the world's largest and fastest growing steel markets.

News releases and other information on the Company are available on the Internet at: http://www.cliffsnaturalresources.com or www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1

For further information about the transaction:

Georgeson Inc. is acting as Freewest's solicitation agent in connection with this transaction. 

Georgeson may be contacted as follows:

100 University Avenue -- 11th Floor, South Tower -- Toronto, Ontario -- M5J 2Y1
 
North American Toll Free Number: 1-866- 433-7579 -- Banks and Brokers Collect Number: 1-212-806-6859

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • INVESTOR AND FINANCIAL MEDIA CONTACTS:
    Cliffs Natural Resources Inc.
    Steve Baisden
    Director, Investor Relations and Corporate Communications
    (216) 694-5280
    steve.baisden@cliffsnr.com
    or
    Cliffs Natural Resources Inc.
    Christine Dresch
    Manager - Corporate Communications
    (216) 694-4052
    christine.dresch@cliffsnr.com