Black Iron Inc.
TSX : BKI

Black Iron Inc.

April 28, 2011 08:15 ET

Black Iron Inc. Launches Corporate Website to Improve Market Presence and Communication With Shareholders

TORONTO, ONTARIO--(Marketwire - April 28, 2011) - Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI) is pleased to announce the launch of its corporate website outlining the Company's focus on iron ore exploration and development in Krivoy Rog, Ukraine.

This website offers a user-friendly interface to easily locate information on all topics relevant to the Company, Ukraine, and the Iron Ore industry.

To view the website, please visit: www.blackiron.com.

Visitors to the website will learn about industry specific developments and how Black Iron is positioning itself to address the dynamic iron ore market.

"We are very excited about our new website because of its ability to keep shareholders and other stakeholders informed and updated as we develop our iron ore project," said Aaron Wolfe, Vice President Corporate Development at Black Iron. "With its intuitive navigability, visitors will quickly find all the relevant information on the Company's iron ore assets, background on Ukraine, and information on the management team and board of directors we've assembled to help build Black Iron into one of the next major iron ore producers. There is a growing interest in iron ore with the need to procure and develop new supplies for the steel industry increasing in response to growing global demand for construction supplies to support expansion. As we continue to develop the Shymanivske property, and initiate exploration on our Zelenivske property, we will revise the site to include updated maps, data and pictures so investors can easily track the asset development."

The website also features the latest corporate news and the ability for visitors to interact with the Company's investor relations team, including the ability to register to receive updates directly from the Company.

About the Company

Black Iron is an iron ore exploration and development company advancing its 100%-owned Shymanivske project located in Krivoy Rog, Ukraine. This project contains a NI 43-101 compliant resource with 345Mt measured and indicated resources grading 32% iron and 469Mt of inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal's iron ore complex. The Company believes that existing infrastructure, including access to power, rail and port facilities, will allow for a quick development timeline to production. Further, the Company holds an exploration permit for the adjacent Zelenivske project which it intends to further explore to determine its potential. Please visit the Company's website at www.blackiron.com or write us at info@blackiron.com for more information.

The technical contents of this press release have been prepared under the supervision of Matt Simpson, President & Chief Executive Officer of the Company, who is a Qualified Person as defined by NI 43-101. For further information, please see the technical report of the Company, which is available on SEDAR at www.sedar.com.

Forward Looking Information

This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to the impact of the website on shareholder value, global demand for iron ore and trends in the mining industry. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes" or variations (including negative variations) of such words and phrases, or by the use of words or phrases that state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking information are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate. Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained in this press release, including, without limitation those described in the Company's public disclosure documents which may be found under the Company's profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in such forward-looking information, there may be other factors that may cause actions, events or results to differ from those anticipated, estimated or intended. Should one or more of these risks or uncertainties materialize or should assumptions underlying such forward-looking information prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking information contained in this press release. The forward-looking information contained herein are made as of the date of this press release and the Company disclaims any obligation to update or review such information or statements, whether as a result of new information, future events or results of otherwise, except as required by law.

Contact Information

  • Investor Cubed, Investor Relations
    +1 (647) 258-3311
    Toll Free: 1 888 258 3323
    info@blackiron.com

    Black Iron Inc.
    Matt Simpson
    President & Chief Executive Officer
    +1 (416) 309-2138