CIO Central Iron Ore Ltd

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Central Iron Ore Ltd. (TSX VENTURE:CIO) (the "Company") is pleased to announce
that four of its applications for exploration licences that are prospective for
the occurrence of Iron Ore in Western Australia have now been successfully
granted. It is expected that the remaining tenements will be granted over the
coming months.


The company now has a total of 10 tenements covering 652km2 (refer table below)
that are located within the Yilgarn Iron Ore Province ("YIOP"). The YIOP is
considered highly prospective, given its history of large-scale iron ore
production, with the Cliffs Natural Resources-owned Koolyanobbing operation
(also formerly operated by Portman Limited) currently producing at a rate of
about 8Mtpa of Direct Shipping Ore ("DSO"). The YIOP is increasingly being
recognised as an attractive location for the development of Iron Ore, given its
proximity to rail and access to ports. 


Yilgarn Iron Ore Project Area



---------------------------------------------------------------------------
Iron Ore Hub          Tenement          Status                    Area (km2)
---------------------------------------------------------------------------
Perinvale North       E57/818           Granted                         120
Perinvale South       E30/414           Granted                          93
Perinvale South       E30/415           Granted                          93
Perinvale South       P30/1084          Granted                           1
Diemals               E77/1749          Granted                         111
Diemals               E77/1757          Granted                         114
Diemals               E77/1758          Granted                          39
Diemals               E77/1840          Application                      27
Windarling            E77/1820          Application                      12
Windarling            E77/1737          Granted                          42
---------------------------------------------------------------------------



The company believes its greater YIOP tenement package provides a significant
platform for the exploration for Iron Ore and will provide a significant, new
future phase of growth for the company. 


The initial strategy and objective of the company is to evaluate the occurrence
of both magnetite ore and direct shipping ore within the above tenements to gain
an initial understanding of their respective resource potential. 


Work is currently underway in this regard and it is expected that future
announcements regarding both the project status and their resource potential
will follow as appropriate preliminary assessment work is now in progress. 


Mr. Brett Hodgins, President and CEO, said, "These new grants are the foundation
for CIO's strategy to commence exploration on our Yilgarn Iron ore tenement
package. This combined with our recent funding reinforces CIO strategy to focus
on future exploration programs to identify sufficient DSO resources to support a
start up project."


QUALIFIED PERSON

Mr. Andrew Spinks B.App.Sc, Grad.Dip (Mining), a member of AusIMM, and a
consultant geologist, is a Qualified Person as defined in National Instrument
43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").


On behalf of the Board of Directors

CENTRAL IRON ORE LTD.

Brett Hodgins, President/CEO

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of
Canadian securities laws. Such information includes, without limitation,
information regarding Iron Ore tenements. Although the Company believes that
such information is reasonable, it can give no assurance that such expectations
will prove to be correct. Forward-looking information is typically identified by
words such as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to future
events. The Company cautions investors that any forward-looking information
provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward looking
information as a result of various factors, including, but not limited to, the
state of the financial markets for the Company's equity securities, the state of
the market for iron ore or other minerals that may be produced generally, recent
market volatility; variations in the nature, quality and quantity of any mineral
deposits that may be located, the Company's ability to obtain any necessary
permits, consents or authorizations required for its activities, to raise the
necessary capital or to be fully able to implement its business strategies and
other risks associated with the exploration and development of mineral
properties. The reader is referred to the Company's disclosure documents for a
more complete discussion of such risk factors and their potential effects,
copies of which may be accessed through the Company's page on SEDAR at
www.sedar.com.

Central Iron Ore (TSXV:CIO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Central Iron Ore (TSXV:CIO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024