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CALGARY, Alberta, Canada – November 1, 2012 – New Millennium Iron Corp. (“NML” or “the Company”) (TSX-V: NML) announced today that it has appointed Rock Gagnon as Vice-President, Process and Plant Engineering. Mr. Gagnon brings 19 years of experience in design and operation of mineral processing plant and in process design for ferrous, base and precious metals.

Since 2005, Mr. Gagnon worked as an independent consultant assisting New Millennium Iron Corp, Tata Steel Minerals Canada Limited (“TSMC”) and some engineering firms in different project developments, mainly in iron ore processing, including process improvement reviews for Tata Steel and Kudremukh Iron Ore Company.

Earlier in his career, Mr. Gagnon worked for COREM in Quebec City as a researcher where he mainly focused on improving comminution technologies. Prior to this, Mr. Gagnon worked for Met-Chem Canada as principal metallurgist and participated in many projects and studies in Canada and worldwide. Mr. Gagnon spent three years at the Troilus Division, Chibougamau, of Inmet Mining Corporation, during the final phase of construction, startup, debottlenecking, process improvements and plant expansion.

Mr. Gagnon holds a BA in mining engineering from the Laval University in Quebec. He will be based at NML’s corporate office in Montréal, Canada.

Dean Journeaux, NML’s President and Chief Executive Officer, said “I am pleased that Rock has agreed to join the NML core team, full time. His expertise in iron ore mineral processing, his practical experience in plant design and operation as well as in consulting will be most valuable to us as we are completing our Feasibility Study for the Taconite Project jointly with Tata Steel. Being an international leader in the development of iron ore processes and crushing, Rock will help us maximize the potential and economic performance of our resources and projects.”

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