Ferro Iron Ore corporation announced the appointment of Paul Bozoki as Chief Financial Officer, Neil Said as Corporate Secretary and the addition of George Faught, Chirvani Abdoullaev and Alastair Neil to the company's Board of Directors, effective immediately. Since October 2010, Mr. Bozoki has served as Chief Financial Officer of Black Iron Inc. In addition, from March 1, 2012, Mr. Bozoki has served as Chief Financial Officer of Cap-Ex Ventures Ltd. Mr. Said is a corporate securities lawyer who works as a legal consultant to various TSX and TSX Venture listed companies in the mining and oil & gas industries. He previously worked as a securities lawyer at a large Toronto corporate law firm, where he worked on a variety of corporate and commercial transactions.

Mr. Said obtained a Juris Doctor from the Faculty of Law at the University of Toronto. The appointments of Mr. Bozoki and Mr. Said follow the resignation of Mr. Mark Lotz as Chief Financial Officer and Corporate Secretary. George Faught is a chartered accountant with over 25 years of senior management experience.

He currently serves as a director of a number of public companies in the resource sector and has worked as an officer of publicly traded companies in the natural resources sector including Aberdeen International Inc., North American Palladium Ltd., Hudson Bay Mining & Smelting Co. Ltd., and William Resources Inc. Alastair Neill is the former VP/GM, Rare Earth Division and VP Business Development for AMR and Executive Vice President of Dacha Strategic Metals Inc. Chirvani Abdoullaev worked for the Ministry of Natural Gas in the Soviet Union in Kazakhstan, Uzbekistan, Yakutia, Turkmenistan and for the Bulgarian National Oil Company. Mr. Abdoullaev also spent two years in the Canadian oil patch as a geophysicist with Seis-Pro & Consultants until its acquisition by Schlumberger.