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IRON ORE PRICE STRENGTH GENERATES SIGNIFICANT OFFTAKE INTEREST IN SHYMANIVSKE PROJECT

For Immediate Release TORONTO, CANADA, September 8, 2020 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI) announces that it has received a substantial increase in interest from groups looking for iron ore offtake given the sharp increase in iron ore prices and China’s efforts to diversify away from its strong reliance on