FOR IMMEDIATE RELEASE

Baffinland To Welcome Nunavummiut Back to

IQALUIT, NU, July 15, 2021 – Baffinland Iron Mines Corporation (“Baffinland” or the “Company”) is pleased to announce that its proposal to return Nunavummiut employees to work at the has received all necessary approvals from the Government of , including the Chief Public Health Officer. Dr. Michael Patterson, Nunavut’s Chief Public Health Officer said, “Baffinland has put in place a number of measures to protect the health of workers and their home communities, and now that travel restrictions have also been lifted in Nunavut, I support Nunavummiut returning to work at the Mary River Project.” “We are looking forward to welcoming back our friends and colleagues to site,” said Brian Penney, CEO of Baffinland. “Teams are now working both on site and within communities on reintegrating employees as soon as possible and ensuring the transition back to work is smooth. We thank Dr. Patterson and the Government of Nunavut for their support during this process.” The Company is in the process of finalizing the logistics. Employees are being contacted directly about their return to work date and the reintegration process. For more information: Heather Smiles Manager, Stakeholder Relations Baffinland Iron Mines T: +1 416 702 5553 [email protected]

About Baffinland Iron Mines Corporation Jointly owned by The Energy and Minerals Group and ArcelorMittal, Baffinland Iron Mines Corporation operates a high-grade mine located on , Nunavut. The Mary River Mine produces the highest grade of direct shipping iron ore in the world. Baffinland is committed to operating in an environmentally and socially responsible manner that benefits all stakeholders. Learn more at baffinland.com and follow us on Twitter, Facebook and LinkedIn.