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BLACK IRON PROGRESSES OFFTAKE & CONSTRUCTION FINANCING

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES For Immediate Release TORONTO, CANADA, December 30, 2020 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) management recently hosted representatives from a company interested to secure offtake rights from the Shymanivske iron ore project

BLACK IRON SIGNS US$100 MILLION ROYALTY INVESTMENT TERM SHEET

For Immediate Release TORONTO, CANADA, December 22, 2020 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) is pleased to announce that it has entered into a non-binding royalty term sheet for US$100 million with a prominent United States based institutional investor. Matt Simpson, CEO of Black Iron, stated: