Wabush Mines, April 12, 2021

April 12, 2021

We are pleased to report that the Monitor has informed us that the corporate tax issues, mentioned in our previous update on October 16, 2020, have been resolved with Canada Revenue Agency. The Monitor will now be proceeding with the second interim distribution to creditors, including to retirees.

We will provide further details about the amount and timing of the second distribution as soon as possible.

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