Great Northern Iron Ore Properties : April, 2012 - Press Release Addressing Unusual Volume and Price Decline of GNI Shares

GNI

(CUSIP No. 391064102)

FACSIMILE TRANSMISSION FACE SHEET

Date: April 18, 2012
Number of Pages: 1 (including this face sheet)
Message:

NEWS RELEASE

FOR IMMEDIATE RELEASE

In response to a New York Stock Exchange inquiry of officials of Great Northern Iron Ore Properties (NYSE:GNI) {the "Trust"} as a result of the unusual activity in the volume and price of GNI certificates (shares) of beneficial interest, we state that we know of no internal reason that would cause the downward movement of the price of the shares.
For further information about the Trust of Great Northern Iron Ore Properties, please refer to the Trust's Web site at www.gniop.com, which includes the Trust's recent Securities and Exchange Commission filings and other pertinent information about the Trust.

/s/ Joseph S. MicallefPresident of the Trustees Chief Executive Officer