Baffinland announces management change

November 19, 2018

November 19, 2018 – Baffinland Iron Mines Corporation (Baffinland or the “Company”) announced today that David Soares, Chief Financial Officer, has left the Company to assume a similar position with another resource company.

“We want to thank David for his contributions, support and friendship during his time with Baffinland and we wish him success in his new position,” said Baffinland’s President and CEO, Brian Penney.

Ian Nagamatsu, Baffinland’s Corporate Controller, will be named Acting Chief Financial Officer while the Company takes the necessary time to identify the best possible candidate to fill this position on a permanent basis.

About Baffinland Iron Mines Corporation

Jointly owned by Nunavut Iron Ore and ArcelorMittal, Baffinland Iron Mines Corporation operates a high-grade iron ore mine located on Baffin Island, Nunavut. Our mine produces the highest grade of direct shipping iron ore in the world. Baffinland is committed to operating the Mary River Mine in an environmentally and socially responsible manner that benefits all stakeholders. For further information about the Company please visit www.baffinland.com.