Labrador Iron Mines appoints Vice President Investor Relations

    TORONTO, Feb. 2 /CNW/ - Labrador Iron Mines Holdings Limited (TSX: LIR)
is pleased to announce the appointment of Mrs. Donna Yoshimatsu to the
position of Vice President, Investor Relations.
    Based in the Company's Toronto office, she will provide direction over
the Company's investor relations and corporate communications initiatives.
    Mrs. Yoshimatsu has held prominent positions with public companies in the
industrial and resource sectors for over twenty years. These include
SNC-Lavalin Group, Franco and Euro-Nevada Mining Corporations, and more
recently as senior consultant to a spectrum of junior and mid-tier resource
companies. She is a long standing member of the Canadian Investor Relations
Institute and assists in the advisory program for capital markets.

    About Labrador Iron Mines Holdings Limited

    Labrador Iron Mines Holdings Limited 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, Quebec. The Company's properties in Labrador are
part of the historic Schefferville iron ore district from which over 150
million tons of direct shipping iron ore was previously mined by the Iron Ore
Company of Canada from 1954 to 1982. Labrador Iron Mines is targeting to
commence production of iron ore in 2009.

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, Executive Vice President, T: (416) 362-8243; Donna Yoshimatsu, Vice
President, Investor Relations,, T: (647)

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Labrador Iron Mines Holdings Limited

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