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RAB CAPITAL INCREASES SHAREHOLDING IN BLACK IRON WITH WARRANT EXERCISE

For Immediate Release TORONTO, CANADA, May 20, 2021 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) announces that the Company’s largest shareholder RAB Capital Holdings Limited (“RAB Capital”) has exercised 9.2 million warrants to increase its holding of common shares of the Company from 10.5% to 13.5%. RAB

BLACK IRON STRENGTHENS BOARD & OPERATIONS TEAM

For Immediate Release TORONTO, CANADA, May 18, 2021 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) is pleased to announce the addition of Zenon Potoczny to its Board of Directors, Stefan Gueorguiev as Project Director and retirement of Les Kwasik after nearly 51 years in industry. Zenon Potoczny

BLACK IRON SELECTS CARGILL AS UKRAINE HIGH-GRADE IRON ORE OFFTAKE PURCHASER WITH A US$75M FINANCE FACILITY

For Immediate Release TORONTO, CANADA, May 10, 2021 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) is pleased to announce that it has selected Cargill, Incorporated (“Cargill”) for offtake rights on the initial four million tonnes per year of production from its Shymanivske iron ore project (the “Project”)