Exchange Bulletin

Champion Iron Limited (CIA) To Trade On Toronto Stock Exchange


March 28, 2014

Champion Iron Limited - Further to Toronto Stock Exchange ("TSX") Bulletin 2014-0300 dated March 18, 2014, an application has been granted for the original listing in the Mining category of approximately 242,349,019 Ordinary Shares of Champion Iron Limited ("New Champion"), of which approximately 196,493,153 Ordinary Shares are issued and outstanding, and approximately 45,855,866 Ordinary Shares are reserved for issuance.

Listing of the Ordinary Shares of New Champion will become effective at 5:01 p.m. on Friday, March 28, 2014, in anticipation of the Arrangement (as defined below) becoming effective prior to the opening on March 31, 2014. The Ordinary Shares will be posted for trading at the opening on Monday, March 31, 2014 pursuant to a plan of arrangement (the "Arrangement") whereby, among other things, Mamba Minerals Limited ("Mamba"), an Australian Securities Exchange ("ASX") listed company, together with Champion Exchange Limited ("Canco"), a wholly owned subsidiary of Mamba, will acquire all of the outstanding common shares of Champion Iron Mines Limited ("Old Champion") (Symbol: CHM). In connection with the Arrangement, Mamba will change its name to "Champion Iron Limited". Full details regarding the Arrangement can be found in the Management Proxy Circular of Old Champion dated February 10, 2014.

See elsewhere in today's TSX Bulletins for details regarding the delisting of the common shares of Old Champion.

New Champion is subject to the reporting requirements of Section 501 of the TSX Company Manual.



Stock Symbol: "CIA" CUSIP: Q22964 10 2 Trading Currency CDN$



Designated Market Maker: Independent Trading Group
Other Markets: The Ordinary Shares of Mamba have been listed on the ASX since June 8, 2007 under the symbol "MAB". The Ordinary Shares of Mamba will continue to be listed on the ASX under the new name "Champion Iron Limited" and new symbol "CIA" at the opening on March 31, 2014.
Head Office Address: 91, Evans Street
Rozelle
NSW 2039
Australia
Investor Relations: Niall Lenahan, Corporate Secretary
Tel: +61 2 9810 7 816
Email: niall.lenahan@mamba.com.au

Bill Kemmery, Investor Relations Consultant
Tel: +61 2 9003 0499
Email: bill.kemmery@fortbridge.com
Chief Financial Officer: Miles Nagamatsu
Corporate Secretary: Niall Lenahan
Incorporation: Mamba was incorporated under the Corporations Act 2001 (Cth) (Australia) on May 18, 2006 and, in connection with completion of the Arrangement, will undergo a name change to "Champion Iron Limited".
Fiscal Year End: June 30
Nature of Business: New Champion is an Australian incorporated mineral exploration and development company, focused on the acquisition, exploration and development of metal deposits, particularly iron ore deposits, in North-Eastern Québec, Newfoundland and Labrador.
Transfer Agent & Registrar: The Australian transfer agent and registrar for the Ordinary Shares is Security Transfer Registrars Pty Ltd., at its principal office in Applecross, Western Australia. The Canadian co-transfer agent and co-registrar for the Ordinary Shares is Equity Financial Trust Company, at its principal office in Toronto.
Dividends: Mamba has not declared or paid any dividends to date. Mamba has not announced any dividends on its Ordinary Shares and New Champion does not anticipate any such future announcements.