Labrador Iron Mines Holdings Limited - New Senior Management Appointments



    GRANT OF STOCK OPTIONS

    TORONTO, March 11 /CNW/ - Labrador Iron Mines Holdings Limited (TSX:LIR)
is pleased to announce the following senior management appointments for its
Direct Shipping Ore Project, located in the Province of Newfoundland and
Labrador, near Schefferville, Quebec.

    Vice President, Transport Services: Marc Duclos

    Mr. Marc Duclos, MBA, has been appointed Vice President, Transport
Services and brings over 30 years experience in rail, port, and truck
transportation management to Labrador Iron Mines. In his new role, Marc will
oversee transportation-related activities for the Schefferville Iron Ore
Project. Amongst his extensive experience, Mr. Duclos was previously General
Manager for the Sept-Iles operations of the Iron Ore Company of Canada and, as
such, was responsible for the overall operations of the 600Km Sept-Iles to
Schefferville railroad and the Sept-Iles port terminal. Marc was also
previously employed by both Canadian National Railway and Via Rail. In
addition to Marc's invaluable and extensive site-specific experience, he also
brings a strong background in regulatory knowledge, project management,
planning and successful project execution to the Labrador Iron Mines project
team.

    Vice President, Environmental and Permitting Affairs: Linda Wrong

    Ms. Linda Wrong, Honours B.Sc. (Geol.), P.Geo has been appointed Vice
President of Environmental and Permitting Affairs. In this role, Linda will
focus on ensuring the development and implementation of the highest standards
of environmental protection and guiding the permitting process to facilitate
the Company's goal of achieving iron ore production in the historic
Schefferville iron ore mining camp in 2009. She will also work closely with
other team members to ensure effective communication of the environmental and
permitting process and developments to local communities, governments,
regulators and other stakeholders.
    Linda is a former senior exploration geologist with over 20 years
experience in remote and northern locations and specific experience over the
last five years in Labrador, including work relating to the Company's project.
Complementing her direct experience in the mining industry, she has over 15
years experience in the fields of environmental assessment, environmental
baseline program development, community consultation, hydrogeology,
environmental management system design and implementation and contaminated
site assessment and management with major international consulting firms and
mining companies, most recently as Mining Technical Program Lead, North
America, with Earth Tech Canada and Manager Environmental Baseline and
Engineering Liaison with Aurora Energy Resources Inc.

    Controller: John Rogers

    John Rogers, BBA, CMA, has been appointed Controller. John has many years
experience in corporate and operations finance in the mining distribution and
manufacturing industries, both public and private companies. Most recently
John has served as Controller of Ucore Uranium and previously St. Andrew's
Goldfields. In his role as Controller, John's responsibilities will include
internal and external financial reporting, statutory filings, budgeting and
management information systems.

    Senior Geologist: Erick Chavez

    Erick H. Chavez, MSc. has been appointed Senior Geologist. Erick is a
professional geologist with 14 years international exploration experience. He
is a graduate of Universidad Nacional de San Agustin de Arequipa, Peru and
holds a M.Sc. degree from the University of Toronto. Mr. Chavez has been
working on the Labrador Iron Project for over three years as an independent
consultant. Prior to this he was senior exploration geologist with Conquest
Resources Limited and, prior to 2000, was an exploration geologist with
Cominco (Peru) SRL.

    Grant of Stock Options:

    Labrador also announces that the Board of Directors has approved the
grant of stock options on a total of 400,000 shares to seven new officers and
employees. These options are exercisable at a price of $4.85 per share for a
period of five years and vest over a two year period.

    About Labrador Iron Mines Holdings Limited

    Labrador Iron Mines Holdings limited is a resource development company
that obtained a listing on the TSX following a successful IPO in December 2007
in which it raised over $52 million. The Company was established to explore
and develop "direct shipping" iron ore deposits on properties in which it
holds interests located in the Labrador Trough, in the province of
Newfoundland and Labrador, near Schefferville, Québec. The Company is
targeting to commence production of both lump and sinter fine iron ore during
2009.
    The common shares and warrants of Labrador Iron Mines Holdings Limited
are listed on the Toronto Stock Exchange under the symbols "LIR" and "LIR.WT",
respectively.

    Cautionary Notes:

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    This press release contains "forward-looking information" within the
    meaning of applicable Canadian securities legislation.





For further information:

For further information: John F. Kearney, Chairman and CEO, T: (416)
362-6686; Bill Hooley, President and COO, T: (011) 44 778 557 2517; Terence
McKillen, Vice President, T: (416) 362-8243

Organization Profile

Labrador Iron Mines Holdings Limited

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890