CONSOLIDATED THOMPSON

Consolidated Thompson identified and developed the world-class

Bloom Lake iron ore project located in Quebec, Canada.

Developed then operated Bloom Lake mine with production

rate of 8 million tonnes per year of high-quality iron ore

concentrate

Secured US$240 million strategic, significant off-take

financing from WISCO and aggregate US$1 billion in

development capital

Sold to Cliffs Natural Resources for US$4.9 billion in 2011

shortly after commencement of production generating significant

returns for shareholders.