NR1222

CALGARY, Alberta, Canada (Marketwire – September 12, 2012) – New Millennium Iron Corp. (“NML” or the “Corporation”) (TSX: NML) announced today that Tata Steel Minerals Canada Ltd (“TSMC”), a joint venture between Tata Steel and NML, has started initial mining of saleable iron ore and is stockpiling the product at its Timmins plant site for crushing and screening. A more detailed project update is forthcoming.

Dean Journeaux, President and CEO of NML, said: “We are at an important milestone in the Company’s history. Production started on September 10, 2012, stripping having started in mid-August. This is a very positive development for NML’s shareholders as the Company becomes an iron ore producer.”