Labrador Iron Mines Holdings Limited announced that the Company's stock symbol on the Toronto Stock Exchange will be changed to LIM effective the start of trading on May 6th 2009.

At the time of the Company's initial public offering in December 2007, the LIM trading symbol was not available. This new symbol, as identified in the Company's logo, will align brand and market awareness as Labrador Iron Mines advances towards commercial production of high grade direct shipping iron ore commencing in 2010.

The symbol change will have no impact on the common shares and warrants currently issued and trading.