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BLACK IRON YEAR-END UPDATE ON SHYMANVISKE ADVANCEMENT

TORONTO, CANADA, December 19, 2018 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FRANKFURT: BIN) continues to advance the Shymanivske Iron Ore Project (“Shymanivske” or the “Project”) towards construction. In the second half of this year, the Company hosted a few multibillion- dollar companies at site as part of their