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BLACK IRON PROGRESSES OFFTAKE DISCUSSIONS AND UPDATES PEA

For Immediate Release TORONTO, CANADA, March 3, 2020 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB:BIN) management continue to make very positive progress in discussions with steel mills and global commodity trading companies that are showing strong interest to fund a meaningful amount of the expected US$452 million required