Baffinland issues overview of proposed Mary River Project


    TORONTO, Sept. 13 /CNW/ - Baffinland Iron Mines Corporation
("Baffinland") released today an overview document which summarizes the
proposed project plans for which Baffinland intends to seek regulatory
    Baffinland intends to initiate the regulatory process for its proposed
development of the Mary River project with the submissions of applications and
a detailed project description in December 2007.
    The Mary River project overview document can be found on Baffinland's
website at

    Baffinland is a Canadian publicly-traded junior mining company that is
focused on its wholly-owned Mary River iron ore deposits located on Baffin
Island, Nunavut Territory, Canada. Baffinland's shares trade on the Toronto
Stock Exchange under the trading symbol BIM.

    This press release contains certain information that may constitute
forward-looking information within the meaning of securities laws.
Forward-looking information is based on certain factors and assumptions
regarding, among other things, expected mineral resources, iron ore prices and
the feasibility of constructing and operating a direct-shipping iron ore mine
at Baffinland's Mary River project. While Baffinland considers these
assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect. Forward looking-information is subject to
certain factors, including risks and uncertainties that could cause actual
results to differ materially from what is currently expected. These factors
include risks relating to exploration and development risks, risks relating to
the worldwide price of, demand for and supply of iron ore, financing and
liquidity risks, risks relating to the receipt of necessary licences, permits
and regulatory approvals, and risks relating to the construction and operation
of a mine at Baffinland's Mary River project. You should not place undue
importance on forward-looking information and should not rely upon this
information as of any other date. While Baffinland may elect to, it is under
no obligation and does not undertake to update this information at any
particular time.

For further information:

For further information: Please visit Baffinland's website at, email or contact: Gordon A. McCreary,
President and Chief Executive Officer, (416) 814-3163; Andreas Curkovic, The
Equicom Group, (416) 815-0700 ext. 262

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