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BLACK IRON RENEWS ACCESS AGREEMENTS FOR PORT AND POWER & PROVIDES PROJECT UPDATE

TORONTO, June 5th, 2019 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FRANKFURT: BIN), as part of providing reassurance to potential investors regarding project construction, has renewed its letter of intent (“LOI”) with TransInvestServis (“TIS”) for storage and cape-size ship loading capacity of up to 8.0 Mtpa (+/-15%) at TIS’