New Millennium Iron Corp. announced 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. 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.

Mr. Patzelt was previously Senior Vice-President, Corporate Development of Scotia Investments Limited. He has over 25 years of experience and leadership in the operations, deal making, legal, governmental affairs, governance and risk management of this large privately owned diversified industrial business, involved in both the manufacturing and natural resources (forestry) sectors.