VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2012) - Nord Iron Mines Inc. (the "Company") entered into binding agreement with the legal representatives for claimholders regarding certain Labrador Trough iron properties in the Nunavik region of Northern Quebec. Zone Resources Inc. issued a news release on August 29, 2012 noting a dispute with respect to these claims. Please follow the link below to the Nord website to review all of the relevant agreements with respect to Nord's acquisition of these claims together with the termination of these claims as they relate to the agreements with Zone. The documents are self-explanatory and Nord intends to assert its interest in these claims.
Nord Iron Mines Inc. Website: www.nordironmines.com
On Behalf of the Board of Directors
NORD IRON MINES INC.
"R. Bruce Duncan", President, CEO and Director
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).