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Black Iron Provides Ukraine Update

Black Iron Inc. (BKI.TO) reported additional assay results from its recently completed confirmation and metallurgical diamond drill program at its Shymanivske Iron Ore Project in Ukraine. The company said it continues to be encouraged by the results of the drill holes and the intersection of thick iron bands in each hole with band lengths over 100 meters and iron grades of 30% and greater. Of note, hole 20349-T intersected 194.7 meters grading 32.4% iron, including 99 meters grading 34.1% iron.

George Mover, Chief Operating Officer of Black Iron, said: "Results from the twin hole program continue to validate the historical work completed on Shymanivske. Our twin hole assay results continue to align very well with past drilling logs for the Project, as demonstrated in the table below, both in terms of iron grade and band length."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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