New Millennium Iron appoints new President and CEO

New Millennium Iron Corp. announced Thursday that Mr. Robert Patzelt, Q.C., will join NML effective January 13, 2014 as President and Chief Executive Officer and a Director of the Corporation. He will be based primarily in NML's executive office in St. John's NL and spend considerable time in the NML office in Montreal.

The Corporation controls the emerging Millennium Iron Range, located in the Province of Newfoundland and Labrador and in the Province of Quebec, which holds one of the world's largest undeveloped magnetic iron ore deposits. Tata Steel Limited, one of the largest steel producers in the world, and the Corporation are jointly making a feasibility study on the taconite project. In the same area, Tata Steel Minerals Canada Limited (TSMC), jointly owned by Tata Steel and the Corporation, is advancing a Direct Shipping Ore (DSO) Project to the commercial production stage.

Dean Journeaux, the current President and CEO, will remain on the Board and will be appointed effective the same date as Executive Vice-Chairman of the Board. He will assist Mr. Patzelt in the transition to his new position, as well as continue to work with the NML technical team in the furtherance of the Taconite project and support of TSMC with the DSO project.