PAL Parallel Mining Corp

New Millennium Iron Corp. ("NML" or the "Corporation") (TSX:NML) (OTCQX:NWLNF)
is pleased to announce that NML's common shares are now trading in the United
States on the OTCQX International under the symbol "NWLNF". The OTCQX is the
premier marketplace on OTC Markets Group's highly visible electronic trading
venue in the U.S. and the OTCQX International tier is designed for non-U.S.
companies listed on qualified international stock exchanges. Investors can find
current financial disclosures and Real-Time Level 2 quotes for the Corporation
on http://www.otcmarkets.com/stock/NWLNF/quote.


NML expects to benefit from its trading on the OTCQX International by gaining
greater exposure, accessibility and liquidity in the United States.


"We are proud to join OTCQX, which will enable us to provide our U.S. investors
with timely news and information to help them better analyze, value and trade
our securities," said Dean Journeaux, President and CEO of New Millennium Iron
Corp.


"We are pleased New Millennium Iron Corp. has chosen to trade on OTCQX," said R.
Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX companies
demonstrate their commitment to providing superior information to investors and
maintaining the highest quality standards."


Stifel, Nicolaus & Company, Inc. will serve as NML's Principal American Liaison
("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.


About New Millennium

The Corporation controls the emerging Millennium Iron Range, located in the
Province of Newfoundland and Labrador and in the Province of Quebec, which holds
one of the world's largest undeveloped magnetic iron ore deposits. In the same
area, the Corporation and Tata Steel Limited, one of the largest steel producers
in the world, are advancing a Direct Shipping Ore ("DSO") Project to near term
production. Tata Steel Limited owns approximately 26.3% of New Millennium and is
the Corporation's largest shareholder and strategic partner. 


Tata Steel exercised its exclusive option to participate in the DSO Project and
has a commitment to take the resulting production (see news release 10-16 dated
September 14, 2010). The DSO Project is owned and operated by TSMC, which in
turn is 80% owned by Tata Steel and 20% owned by NML. The DSO Project contains
64.1 million tonnes of Proven and Probable Mineral Reserves at an average grade
of 58.8% Fe, 21.0 million tonnes of Measured and Indicated Mineral Resources at
an average grade of 59.2% Fe, 10.3 million tonnes of Inferred Resources at an
average grade of 58.3% Fe and about 25.0 - 30.0 million tonnes of historical
resources that are not currently in compliance with NI 43-101 (see news release
09-03 dated February 11, 2009, news release 09-05 dated March 4, 2009, news
release 09-16 dated December 9, 2009, news release 10-12 dated July 8, 2010 and
news release 12-14, dated May 31, 2012). A qualified person has not done
sufficient work to classify the historical estimate as current mineral resources
or mineral reserves, the Corporation is not treating the historical estimate as
current mineral resources or mineral reserves and the historical estimate should
not be relied upon. 


The Millennium Iron Range currently hosts two advanced projects: LabMag contains
3.5 billion tonnes of Proven and Probable reserves at a grade of 29.6% Fe plus
1.0 billion tonnes of Measured and Indicated resources at an average grade of
29.5% Fe and 1.2 billion tonnes of Inferred resources at an average grade of
29.3% Fe (see news release 06-13 dated July 5, 2006 and news release 07-11 dated
July 17, 2007); KeMag contains 2.1 billion tonnes of Proven and Probable
reserves at an average grade of 31.3% Fe, 0.3 billion tonnes of Measured and
Indicated resources at an average grade of 31.3 % Fe and 1.0 billion tonnes of
Inferred resources at an average grade of 31.2% Fe (see news release 09-01 dated
January 16, 2009). Tata Steel also exercised its exclusive right to negotiate
and settle a proposed transaction in respect of the LabMag Project and the KeMag
Project (see news release 11-09 dated March 6, 2011). 


The Millennium Iron Range now hosts other taconite deposits. The first is the
Lac Ritchie property located at the north end of the Range. The initial 2011
drilling of 40 holes in this property revealed Indicated Resources of 3.330
billion tonnes at an average grade of 30.3% Fe, and Inferred Resources of 1.437
billion tonnes at an average grade of 30.9% Fe (see news release NR 12-11, dated
April 02, 2012). Two other taconite deposits are located south of the LabMag
deposit in the Millennium Iron Range. The initial 2012 drilling of 23 holes in
the Sheps Lake property and of 50 holes in the Perault Lake property revealed
Indicated Resources of 3.580 billion tonnes at an average grade of 31.22%, and
Inferred Resources of 795 million tonnes at an average grade of 30.56% (see news
release NR 13-04, dated February 11, 2013). The Corporation's mission is to add
shareholder value through the responsible and expeditious development of the
Millennium Iron Range and other mineral projects to create a new large source of
raw materials for the world's iron and steel industries. 


For further information, please visit www.NMLiron.com, www.tatasteel.com,
www.tatasteelcanada.com, and www.tatasteeleurope.com.


Dean Journeaux, Eng., and Thiagarajan Balakrishnan, P. Geo., are the Qualified
Persons as defined in National Instrument 43-101 who have reviewed and verified
the scientific and technical mining disclosure contained in this news release.


About OTC Markets Group Inc.

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Forward-Looking Statements 

This document may contain "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995 These forward-looking statements are made as of
the date of this document and the Corporation does not intend, and does not
assume any obligation, to update these forward-looking statements. 


Forward-looking statements relate to future events or future performance and
reflect management of the Corporation's expectations or beliefs regarding future
events and include, but are not limited to, statements with respect to the
estimation of mineral reserves and resources, the realization of mineral reserve
estimates, the timing and amount of estimated future production, costs of
production, capital expenditures, success of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims and
limitations on insurance coverage. In certain cases, forward-looking statements
can be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or
the negative of these terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Corporation to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of resources; possible variations in ore reserves, grade
or recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in the Corporation's interim and annual financial
statements and management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com. Although the
Corporation has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New Millennium Iron Corp.
Dean Journeaux
President & Chief Executive Officer
(514) 935-3204


New Millennium Iron Corp.
Andreas Curkovic
Investor Relations
(416) 577-9927
www.NMLiron.com

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