DGAP-News: Champion Iron Mines Limited: Champion Iron to release Preliminary Feasibility Study Results and host a …

NEWS RELEASE

Champion Iron to release Preliminary Feasibility Study Results and host a conference call on Thursday, February 7, 2013

Toronto (Canada), February 5, 2013 - CHAMPION IRON MINES LIMITED (TSX: CHM; OTCQX:CPMNF; FSE: P02) (Champion, or the Company) is pleased to announce its plans to release the results of the Preliminary Feasibility Study (PFS) on Champions flagship property, the Consolidated Fire Lake North Project, prior to market open on Thursday, February 7, 2013.

Champion will entertain questions from analysts and shareholders in a conference call scheduled to commence at 8:30 am EST on February 7, 2013 after the press release has been disseminated.The details for the conference call are as follows:

Local / International:(647) 426-1845 North American Toll- Free:1(866)782-8903 About Champion Iron Mines Limited

Champion is an iron exploration and development company with offices in Montreal and Toronto, and is focused on developing its significant iron resources in the provinces of Qubec and Newfoundland & Labrador. Champion holds a 100% interest in the Fermont Iron Holdings and a 44% interest in the Attikamagen Iron Project located in both Qubec and Labrador. The Attikamagen Project is under option to Labec Century Iron Ore Inc. (Labec), a subsidiary of Century Iron Mines Corporation, under which Labec can earn up to a 60% interest.

Champions Fermont Iron Holdings, including its flagship Consolidated Fire Lake North Project, are located in Canadas major iron ore producing district, in close proximity to five producing iron mines, existing transportation and power infrastructure. Consolidated Fire Lake North is located immediately north of ArcelorMittals operating Fire Lake Mine and 60 km south of Cliffs Natural Resources Inc.s Bloom Lake Mine in northeastern Qubec. Champions management and advisory board includes mining and exploration professionals with the mine development and operations experience to build, commission, and operate the future Consolidated Fire Lake North mine.

For further information please contact:

Thomas G. Larsen, President and CEO, or Jorge Estepa, Vice President at Tel: (416) 866-2200.

For additional information on Champion, please visit our website at http://www.championironmines.com.

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