New Millennium Iron : NML Announces Appointment of New Chair of the Board

CALGARY, Alberta, Canada (Marketwired - May 25, 2016) - New Millennium Iron Corp. ('NML' or the 'Company') (TSX: NML) announced today the appointment Mr. Howard Lutley as Non-Executive Chair of the Board of Directors, effective immediately. Mr. Lutley joined NML's Board in November 2015 and succeeds Mr. Lee C. G. Nichols, a co-founder of NML, Director and Chair since August 2003. Mr. Nichols will remain as a Director while NML continues its previously announced Board renewal process.

Mr. Lutley has more than 35 years' experience in corporate management, operations and engineering at energy and mining companies in the United Kingdom, Canada and the USA. He is President of HJ Lutley and Associates Inc., an independent energy and mining consulting company, and most recently was President and CEO of SilverWillow Energy Corporation, an in-situ oil sands focused company he founded in 2012 and which was sold in August 2015. He earlier was in key leadership roles with public companies developing major oil sands mining projects, and with consulting companies, primarily in surface mining. Mr. Lutley has conducted technical and due diligence reviews for financial institutions and corporations, and has served as an expert witness in regulatory hearings and arbitration proceedings.

In addition to consulting activities, Mr. Lutley has led the startup of a number of private energy and investment companies, including NRL Energy Ltd., one of Canada's first Coal Bed Methane companies. He holds a M.Sc. in Mineral Engineering from the University of Alberta and a B.Sc. in Mining Engineering from Imperial College, London University, United Kingdom. Mr. Lutley is a member of The Association of Professional Engineers, Geologists and Geophysicists of Alberta as well as a Fellow of the Canadian Institute of Mining and Metallurgy.

Robert Patzelt, NML's President and CEO, said, 'Howard Lutley brings a wide range of international mining industry, capital markets, fund-raising and corporate governance experience to NML's Board. As we look ahead to the next stage of the Company's development in a very challenging commodities market environment, we are fortunate to have someone of Howard's caliber in this important leadership role, and supplemented by the comprehensive mining industry expertise of our other latest Board appointees, Messrs. Kevin Bullock and Mario Caron.'

Mr. Patzelt added, 'We also are very grateful to Lee for the services he has rendered to NML, helping to grow the Company from the conceptual stage through successful exploration programs and into the active project phase, all with energy, enthusiasm and high standards. We are pleased to have Lee's ongoing guidance as the Board transitions further.'