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CALGARY, ALBERTA--(Marketwired - Sept. 2, 2015) - New Millennium Adamant Corp. ("NML" or the "Company") (NML.TO)(NWLNF) today appear the afterward accessible letter to all shareholders:

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AN OPEN LETTER TO THE SHAREHOLDERS OF NEW MILLENNIUM IRON CORP.

At our contempo Anniversary Accepted Meeting, New Millennium's ("NML") Lath of Admiral and chief administration fabricated a charge to befitting you abreast of our efforts aimed at absorption your interests as able-bodied as adequate the Company's value.

As a assurance of this commitment, New Millennium's Lath and administration accept appointed a appropriate advice affair for September 17 2015 at 9:00 (Eastern) in Montreal. We animate you to participate in actuality or via our webinar. The affair capacity are as follows:

The appropriate advice affair is primarily advised to accommodate an amend on our contempo developments and outline our action for unlocking actor amount - abnormally aural the ambience of abortive bazaar conditions. Central to our discussions will be:

Even with a accomplishments of lower article prices and arduous bazaar conditions, New Millennium is absolute able-bodied positioned. We are strategically amid in the Labrador adamant canal with high-quality deposits. We accept a accomplice in Tata Animate with a cogent Canadian adamant ore operation. And we accept a advantageous antithesis sheet. Combined, we accept these "assets" will not alone advice us to affected challenges every mining aggregation is experiencing, but advice us to become absolutely acknowledged as article prices recover.

For the account of contempo followers to our company, we busy on action and contempo advance added absolutely below.

NML is advantageous to accept accumulated an adorable and cogent position in Canada's arch adamant ore district, the Labrador Trough. Located in the Schefferville/Menihek arena of the Trough, which has a assembly history, abuse and added acknowledging infrastructure, our projects action artefact and bounded bazaar about-face through ores that can be awash as-is, or upgraded to exceptional fines, apply and pellet grades. Given their location, mineralization and artefact affection opportunities, our backing accept admiring common absorption and a abundant charge from our partner, Tata Steel.

NML's action centers on the development of its all-encompassing adamant ore backing into economically acknowledged projects. The foundation for this action is congenital on able-bodied planned and accomplished mineral assay and analysis, accompanying with an accomplished and able administration aggregation possessing the adeptness to bear focused activity assessment, development, and basic to apparatus the plan. Your Lath looks avant-garde to advertisement on our advance in advancing NML's assets appear assembly and our diplomacy for the abutting appearance to body actor value.

Since NML's founding in 2003, a cardinal of cogent milestones accept been achieved, agreement NML in the beginning of the Trough's arising miners and able-bodied positioned for activity development:

In aboriginal 2014, NML began a assay of its authoritative anatomy and over the advance of the year implemented several changes aimed at adapting management, staffing and planning as we alteration from assay to monetization of our resources. These included:

At our contempo Anniversary Accepted Meeting, some shareholders bidding affair over the agreement and admeasurement of the Lath of Directors.

Your Lath of Admiral now consists of nine directors, bristles of whom are absolute and three are assembly of Tata Steel. These individuals accept the skills, adeptness and acquaintance to finer accommodate New Millennium with the leadership, babyminding and able lath blank that the company's different business requires and its shareholders deserve. As importantly, they accept becoming the assurance and account of shareholders and basic markets participants through accurate clue annal of honest leadership, architecture businesses, able administration and creating actor value.

Lee C.G. Nichols, Chairman

Mr. Nichols is the Chairman of the NML Lath of Directors. He is a founding Director. He has over 52 years of acquaintance in the mining industry.

Mr. Nichols has formed for Adamant Ore Aggregation of Canada, Syncrude Canada Ltd., and Luscar Limited in assorted abundance engineering capacities. He is currently President and CEO of Terracon Geotechnique Ltd., an Earth Science close of 180 staff, confined the mining, petroleum and abundant architecture sectors.

Mr. Nichols accustomed a Bachelor of Science in Engineering (Engineering Geology Option) from Queen's University of Kingston, Ontario, in 1963, and a Master of Science in Geology and Civil Engineering from Syracuse University of Syracuse, New York in 1966. He is a Registered Able Engineer and Able Geologist, a Affiliate of the Canadian Geotechnical Society, and a 50 year Affiliate of the Canadian Institute of Mining, Metallurgy and Petroleum.

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Robert Patzelt, Q.C., President and CEO

Mr. Patzelt was appointed President and CEO in January 2014. He brings added than 25 years of operating acquaintance and leadership, accumulated development, acknowledged and authoritative affairs, babyminding and accident administration in both the accomplishment and accustomed assets sectors.

Mr. Patzelt completed undergraduate degrees in Commerce and in Arts from the University of Alberta and accustomed his Masters in Law from Dalhousie University. He was awarded his Queen's Counsel in 2005 and has been accustomed for his contributions to Canada accepting both the Queen's Jubilee and Diamond Jubilee Medals.

Kevin Bullock

Mr. Bullock is currently President and CEO of Lindsay Abundance Casework Ltd., a Toronto, Ontario-based minerals industry consultancy, and is on the boards of admiral of B2Gold Corp., Anaconda Mining Inc. and Metallum Assets Inc., breadth he serves as Chairman.

Mr. Bullock has 30 years' acquaintance in all aspects of the mining industry, accepting served in operating, business and development, and banking roles. From 2003 to 2013, he was President, CEO and a Administrator of Volta Assets Inc. (previously Goldcrest Resources) and played an active role in its advertisement on the TSX and closing auction to B2Gold Corp. in December 2013. He accustomed a B. Eng. in Mining Engineering from Laurentian University in Sudbury, Ontario, and is a affiliate of the Canadian Institute of Mining & Metallurgy as able-bodied as the Society of Mining Engineers.

General (Ret.) Rick Hillier

General (Ret.) Rick Hillier, CMM, MSC, CD is the above Chief of the Defense Agents of the Canadian Forces. He captivated this arrangement from February 4, 2005 until his retirement on July 1, 2008 and is the accomplished baronial Newfoundland and Labrador administrator in history. His awards accommodate Commander of the Order of Military Merit, Meritorious Service Cross, Canadian Forces Decoration and the United States Legion of Honor. General Rick Hillier is additionally a almsman of the Order of Canada.

Mr. Hillier is Chair of TELUS Atlantic Canada Community Board, cardinal adviser to TD Bank and the Gowlings LLP, and is a affiliate of Provincial Aerospace's Advisory Board.

General Hillier was appointed as Chancellor of Memorial University of Newfoundland and Labrador, and accelerating in 1975 with a Bachelor of Science degree.

John N. Schindler

Mr. Schindler has over 40 years of acquaintance in exploration, accessible pit mining/quarrying and consulting on four continents. His acquaintance includes adamant ores, molybdenum, uranium, adored and abject metals and automated minerals.

Mr. Schindler formed as a geologist for the Adamant Ore Aggregation of Canada and after captivated boilerplate and chief administration positions with Amax Assay Inc, Western Mines Ltd and Union Oil Aggregation Ltd. Mr. Schindler accustomed a B.Sc (Hon. II) from McGill University, Montreal, Quebec in 1960, a Diploma of Mineral Exploration, Imperial College in 1961 and an M. Sc. in Mining Geology (1963) from the Royal School of Mines, Imperial College, University of London, England. He becoming his Ph. D, in Geology in 1975 from McMaster University in Hamilton, Ontario. He is registered as a able geologist and is a affiliate of the Canadian Institute of Mining and Metallurgy.

Pierre Seccareccia

Pierre Seccareccia has all-encompassing acquaintance in banking consulting and management. A Accomplice of the Coopers & Lybrand accounting close from 1976 to 1998, he acted as Managing Accomplice for its Montreal south bank appointment from 1987 to 1989, for its Montreal axial appointment from 1992 to 1996, and for its offices in the Province of Quebec from 1996 to 1998. Following the alliance in 1998 of Coopers & Lybrand with Price Waterhouse, he acted as Managing Accomplice for the Montreal appointment of PricewaterhouseCoopers LLP from 1998 to 2001. Since 2003, he has been a full-time administrator for assorted accessible and clandestine entities.

Mr. Seccareccia is currently a administrator of Boralex Inc., Ovivo Inc., WSP Global Inc. and of New Millennium Adamant Corp. He is additionally a administrator of Ivanhoe Cambridge Inc., the absolute acreage accessory of la Caisse de dépôt et adjustment du Québec. Mr. Seccareccia is a Fellow of the Ordre des comptables professionnels agréés du Québec, a affiliate of the Institute of Accumulated Admiral (Canada) and of the National Association of Accumulated Admiral (U.S.). He is a alum of HEC Montreal.

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Sandip Biswas

Mr. Biswas is currently the Group Administrator - (Corporate Finance and M&A) for Tata Animate Limited. In this role, he oversees the Tata Animate Group's costs strategies, basic structure, mergers and acquisitions, planning and beheading of basic adopting activities for both debt and equity, clamminess management, adopted barter accident management, broker relations activities and corporate/legal diplomacy amid added responsibilities. Mr. Biswas is currently additionally confined as a Administrator of assorted Tata Animate subsidiaries and collective ventures both in India and abroad.

Mr. Biswas is a affiliate of the Institute of Chartered Accountants of India and additionally of the Institute of Aggregation Secretaries of India. He holds a bachelor's amount in Commerce from The University of Calcutta.

Dibyendu Bose

Mr. Bose was appointed the Group Administrator (Investments & New Ventures), Tata Animate Ltd., on November 1, 2013, accepting been with the Tata Animate Group for the aftermost 28 years in assorted capacities.

Mr. Bose is an Engineer from the Indian School of Mines and a Post Alum from the Indian Institute of Management, Calcutta.

Chanakya Chaudhary

Mr. Chaudhary abutting Tata Animate in 1988 as Alum Engineer Trainee in the Raw Material Division at Jharia, Dhanbad, India. He is currently the Group Administrator - Accumulated Communication & Authoritative Affairs.

Mr. Chaudhary has a Bachelor of Engineering (Honours) in Mechanical Engineering from Biria Institute of Technology & Science (BITS), Pilani, India, and abounding the Executive MBA Program at CEDEP, France, the Tata Group Administration Program conducted by the University of Michigan Ross School of Business, and the Young Managers' Program at INSEAD, France.

Notwithstanding the qualifications, acquaintance and adherence to NML, the Board's Accumulated Babyminding and Compensation Committee is continuing its action of lath face-lifting and restructuring. This will not alone advance an already able lath but accept it advance to accommodate an added energy, acumen and accomplishment set to booty NML forward.

Next Accomplish and Outlook

The September 17th advice affair represents an befalling for your Lath and administration to altercate the abutting business accomplish and angle for NML. We abide encouraged that our advantages - from our cardinal breadth in Quebec and Labrador to the advancing abutment of our investors and key stakeholders - will acquiesce the aggregation to accomplish as article prices eventually recover.

We absolute abundant attending avant-garde to an alternate and advantageous affair with you in what we achievement will become an advancing dialogue.

Yours absolute truly, on account of the NML Lath of Directors,

Lee Nichols, Chairman of the Lath & Robert Patzelt, Q.C., President and Chief Executive Officer

About New Millennium

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The Aggregation controls the arising Millennium Adamant Range, amid in the Province of Newfoundland and Labrador and in the Province of Quebec, which holds one of the world's bigger abortive alluring adamant ore deposits. In the aforementioned area, the Aggregation and Tata Animate Limited ("Tata Steel"), one of the bigger animate producers in the world, accept avant-garde a Direct Shipping Ore ("DSO") Activity to the assembly stage, from which balloon shipments accept begun. Tata Animate owns about 26.2% of New Millennium and is the Company's bigger actor and cardinal partner.

Tata Animate acclimatized its absolute advantage to participate in the DSO Activity and has a charge to booty the consistent assembly (see account absolution 10-16 anachronous September 14, 2010). The DSO Activity is endemic and operated by Tata Animate Minerals Canada Limited ("TSMC"), which in about-face is 80% endemic by Tata Animate and 20% endemic by NML. The DSO Activity contains 98.9 actor tonnes of Measured and Indicated Mineral Assets at an boilerplate brand of 59.3% Fe, 6.7 actor tonnes of Inferred Assets at an boilerplate brand of 56.7% Fe and about 20.0 - 25.0 actor tonnes of absolute assets that are not currently in acquiescence with NI 43-101 (see account absolution 09-03 anachronous February 11, 2009, account absolution 09-05 anachronous March 4, 2009, account absolution 09-16 anachronous December 9, 2009, account absolution 10-12 anachronous July 8, 2010, account absolution 12-14, anachronous May 31, 2012 and account absolution 14-02 anachronous February 24, 2014). A able actuality has not done adequate assignment to allocate the absolute appraisal as accepted mineral assets or mineral reserves, the Aggregation is not alleviative the absolute appraisal as accepted mineral assets or mineral affluence and the absolute appraisal should not be relied upon.

LabMag contains a absolute of 3.9 billion tonnes of Accurate and Probable affluence at a brand of 29.7% Fe additional 0.39 billion tonnes of Measured and Indicated assets at an boilerplate brand of 29.7% Fe and 1.1 billion tonnes of Inferred assets at an boilerplate brand of 29.6% Fe. KéMag contains a absolute of 2.4 billion tonnes of Accurate and Probable affluence at an boilerplate brand of 30.6% Fe and 1.0 billion tonnes of Inferred assets at an boilerplate brand of 31.6% Fe (see LabMag and KéMag NI 43-101 Abstruse Letters filed on SEDAR May 12, 2014). Tata Animate additionally acclimatized its absolute appropriate to accommodate and achieve a proposed transaction in account of the LabMag Activity and the KéMag Activity (see account absolution 11-09 anachronous March 6, 2011).

The Millennium Adamant Range now hosts added taconite deposits. The aboriginal is the Lac Ritchie acreage amid at the arctic end of the Range. The antecedent 2011 conduct of 40 holes in this acreage appear Indicated Assets of 3.330 billion tonnes at an boilerplate brand of 30.3% Fe, and Inferred Assets of 1.437 billion tonnes at an boilerplate brand of 30.9% Fe (see account absolution NR 12-11, anachronous April 02, 2012).

Two added taconite deposits are amid south of the LabMag drop in the Millennium Adamant Range. The antecedent 2012 conduct of 23 holes in the Sheps Lake acreage and of 50 holes in the Perault Lake acreage appear Indicated Assets of 3.580 billion tonnes at an boilerplate brand of 31.22%, and Inferred Assets of 795 actor tonnes at an boilerplate brand of 30.56% (see account absolution NR 13-04, anachronous February 11, 2013).

The Howells Lake - Howells River Arctic drop is amid amid the LabMag and KéMag deposits, and evidences mineral chain in the Range. The 2011 and 2012 conduct of 11 holes in the Howells River Arctic acreage and of 45 holes in the Howells Lake property, appear Indicated Assets of 7.631 billion tonnes at an boilerplate brand of 30.39% Fe, and Inferred Assets of 3.310 billion tonnes at an boilerplate brand of 29.83% Fe (see account absolution NR 13-15, anachronous May 23, 2013).

The Company's mission is to add actor amount through the amenable and active development of the Millennium Adamant Range and added mineral projects to actualize a new ample antecedent of raw abstracts for the world's adamant and animate industries.

For added information, amuse appointment www.NMLiron.com, www.tatasteel.com, www.tatasteelcanada.com, and www.tatasteeleurope.com.

Dean Journeaux, Eng., and Thiagarajan Balakrishnan, P. Geo., are the Able Persons as authentic in National Instrument 43-101 who accept advised and absolute the accurate and abstruse mining acknowledgment independent in this account release.

Forward-Looking Statements

This account absolution contains assertive avant-garde attractive statements and avant-garde attractive advice (collectively referred to herein as "forward attractive statements") aural the acceptation of applicative Canadian balance laws. All statements added than statements of present or absolute actuality are avant-garde attractive statements. Avant-garde attractive advice is often, but not always, articular by the use of words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may", "projected", "sustain", "continues", "strategy", "potential", "projects", "grow", "take advantage", "estimate", "well positioned" or agnate words suggesting approaching outcomes. In particular, this account absolution may accommodate avant-garde attractive statements apropos to approaching opportunities, business strategies, mineral exploration, development and assembly diplomacy and aggressive advantages.

The avant-garde attractive statements apropos the Aggregation are based on assertive key expectations and assumptions of the Aggregation apropos advancing banking performance, business prospects, strategies, authoritative developments, barter rates, tax laws, the capability of approaching basic expenditures in accustomed out planned activities, the availability and amount of labour and casework and the adeptness to access costs on adequate terms, the absolute after-effects of assay and development projects actuality agnate to or bigger than estimated after-effects in abstruse letters or above-mentioned activities, and approaching costs and costs actuality based on absolute costs and expenses, adapted for inflation, all of which are accountable to change based on bazaar altitude and abeyant timing delays. Although administration of the Aggregation considers these assumptions to be reasonable based on advice currently accessible to them, they may prove to be incorrect.

By their absolute nature, avant-garde attractive statements absorb inherent risks and uncertainties (both accepted and specific) and risks that avant-garde attractive statements will not be achieved. Undue assurance should not be placed on avant-garde attractive statements, as a cardinal of important factors could account the absolute after-effects to alter materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions bidding in the avant-garde attractive statements, including amid added things: disability of the Aggregation to abide accommodated the advertisement requirements of banal exchanges and added authoritative requirements, accepted bread-and-butter and bazaar factors, including business competition, changes in government regulations or in tax laws; accepted political and amusing uncertainties; article prices; the absolute after-effects of exploration, development or operational activities; changes in activity ambit as diplomacy abide to be refined; accidents and added risks inherent in the mining industry; abridgement of insurance; adjournment or abortion to accept lath or authoritative approvals; changes in legislation, including ecology legislation, affecting the Company; timing and availability of alien costs on adequate terms; abstracts of, or estimates independent in, achievability studies, pre-feasibility studies or added bread-and-butter evaluations; and abridgement of qualified, accomplished labour or accident of key individuals; as able-bodied as those factors abundant from time to time in the Company's acting and anniversary banking statements and management's altercation and assay of those statements, forth with the Company's anniversary advice form, all of which are filed and accessible for assay on SEDAR at www.sedar.com. Readers are cautioned that the above account is not exhaustive.

The avant-garde attractive statements independent herein are especially able in their absoluteness by this cautionary statement. The avant-garde attractive statements included in this account absolution are fabricated as of the date of this account absolution and the Aggregation does not undertake and is not answerable to about amend such avant-garde attractive statements to reflect new information, consecutive contest or contrarily unless so appropriate by applicative balance laws.

With account to the acknowledgment of absolute assets in this account absolution that are not currently in acquiescence with National Instrument 43-101, a able actuality has not done adequate assignment to allocate the absolute appraisal as accepted mineral assets or mineral reserves, the Aggregation is not alleviative the absolute appraisal as accepted mineral assets or mineral affluence and the absolute appraisal should not be relied upon.

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