New Millennium Iron Corp updated on the progress to date of its direct shipping ore project and the planned start up schedule of production by TATA Steel Minerals Canada a joint venture between NML and TATA Steel, in 2012. As per the attached schedule, the installation of the equipment is expected to be completed in Q4, 2012 followed by operation start up and ore production by year end.

Mr Dean Journeaux president & CEO of NML said that "I am pleased to note that we are on track to move our first train to the Port before the end of this year. TSMC has not only ordered most major equipment, it has also awarded the major construction contracts. The first shipments of the DSO products will be an important milestone in NML's goal to become a significant producer of iron ore in this decade."