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Website - http://www.labradorironmines.ca/

Address: 1002 - 111 Richmond St W
Toronto ON M5H 2G4
Phone: 416 362 6686
Fax: 416 368 5344
 
Warrant Symbol - LIR.WT
Number Trading - 5,736,500
Expiration Date - December 3, 2009
Cusip - 505435 11 5
Exercise Price - $5.00

Warrants called to trade news:
 
Labrador Iron units trade when issued
 
2007-11-27 13:54 MT - Prospectus Approved
The following trader note was released by the Toronto Stock Exchange on Tuesday, Nov. 27, 2007, at 9:13 a.m.
Further to TSX bulletin 2007-1650 dated Nov. 22, 2007, a total of 11,473,000 common shares and 5,736,500 common share purchase warrants of the company will commence trading on an if, as and when-issued basis at the open today, Nov. 27, 2007, under the trading information set out below.
 
Common share symbol: LIR
Common share Cusip No.: 505435 10 7
Common share trading currency: Canadian dollars
  
Warrant symbol: LIR.WT
Warrant Cusip No.: 505435 11 5
Warrant trading currency: Canadian dollars
 
The offering is for 11,473,000 units of the company at a price of $4, each unit consisting of one common share and one-half of one warrant, each whole warrant entitling the holder thereof to purchase an additional common share of the company at a price of $5 per share for a period of 24 months from the date of closing. The units will separate immediately upon closing of the public offering as described in the company's prospectus dated Nov. 23, 2007. The closing of the offering is scheduled to occur before the open on Dec. 3, 2007.

Subject to the closing of the offering occurring as scheduled on Dec. 3, 2007, all trades in LIR and LIR.WT in the if, as and when-issued market on Nov. 27, 2007, will be for special settlement on Dec. 3, 2007, and all trades from Nov. 28 up to and including Dec. 3, 2007, will be for settlement three business days after the trade date and all trades in LIR and LIR.WT in the if, as and when-issued market will appear on the settlement report from CDS Clearing and Depository Services Inc.
Upon closing, the TSX will issue a trader note confirming:

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