Labrador Iron Mines Holdings Limited reported that it has entered into a new iron ore sales agreement with the Iron Ore Company of Canada Inc. (IOC) for the sale of all of LIM's iron ore production for the next two calendar years 2013 and 2014. Under LIM's new sales agreement, IOC will pay for the iron ore progressively, as the ore is resold, with the price calculation based on the monthly average of the market index, which should decrease LIM's exposure to market volatility experienced in the past two years. IOC payments will be later reconciled based on IOC's net actual aggregate resale price, adjusted for any product quality specification premiums or penalties, after ocean freight and IOC's price participation.

Labrador Iron Mines Holdings Limited. Presents at RBC Capital Market Iron Ore Conference, Apr-10-2013 . Venue: Montreal, Quebec, Canada.

Labrador Iron Mines Holdings Limited. announced that it has entered into a framework arrangement with Tata Steel Minerals Canada Ltd. whereby the two companies have agreed to co-operate with each other in various aspects of their respective iron ore operations in the Labrador Trough and enter into definitive agreements to formalize this arrangement in due course. Both LIM and TSMC operate adjacent DSO iron ore projects in the Province of Newfoundland and Labrador and in the Province of Quebec, near Menehik, Labrador and Schefferville Quebec, and both utilize and intend to utilize the same rail and port infrastructure. The strategic relationship will include multi-part co-operation agreements in areas of logistics; property rationalization and various ancillary mutual support and potential off-take arrangements. As part of the logistics agreements, the companies shall formalize arrangements for development of the rebuilt rail line that will pass through LIM's Silver Yards facilities from TSMC's new Timmins Area processing plant to the TSH main rail line. The companies also agreed to continue their co-operation on the upgrade of the TSH rail line that connects Silver Yards/Timmins spur line to the QNS&L line and on other areas of future logistics operations such as camp accommodations, the sharing of ore cars, flat bed freight cars and rail car repair facilities. The co-operation agreement shall also include respective participation in developing infrastructure at the Port of Sept-Îles with the objective of establishing the access and terminal facilities for both companies to the Port's new deep sea multi-user dock. As part of the strategic relationship, LIM and TSMC have agreed to enter into a transaction for the development of LIM's Howse deposit and TSMC's Timmins 4 deposit. LIM shall sell a 51% interest in its Howse deposit to TSMC. The Howse deposit, located about 25 kilometres north of LIM's James Mine and Silver Yards processing plant, has a historical resource of 28 million tonnes and is part of LIM's proposed Stage 3 project, currently expected to be developed about 2020. It is expected that significant cost savings and synergies can be achieved by processing Howse ore through TSMC's adjacent Timmins Area plant.