New Millennium Iron Corp (TSX:NML) filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on January 21, 2013. Under the bid, the company will repurchase up to 5,000,000 common shares, representing 2.79% of the issued and outstanding common shares. The shares will be repurchased at the prevailing market price at the time of the purchase. The repurchases will be made on the open market through the facilities of the TSX. The repurchased shares will be cancelled. Management of the company believes that from time to time the market price of the common shares may not reflect their underlying value and the repurchase of common shares will increase the proportionate interest of, and be advantageous to all remaining shareholders and may provide liquidity to the selling shareholders. On any trading day, the company will not repurchase more than 46,091 common shares, other than through block purchase exceptions. The repurchases will commence on January 23, 2013, and will end on January 22, 2014, or at such earlier time as the NCIB is completed or terminated at the option of the company. As of January 21, 2013, the company has 179,471,646 common shares outstanding.

Haywood Securities Inc. acted as the broker for New Millennium Iron Corp.