New Millennium Iron Corp. (NML) provided an update on the steps being taken by NML's Board of Directors and Management at its Annual General Meeting (AGM) held June 25, 2015. In order for the Board to have a quorum and meet independence requirements, including under NML's Corporate Governance Guidelines and Board Mandate, and in order to reconstitute the Corporate Governance and Compensation Committee (CGCC), the Board unanimously approved the appointment of all of NML's independent directors to the CGCC, being General Hillier and Messrs.

Nichols, Schindler and Seccareccia. At the first meeting of the CGCC after its reconstitution, General Hillier was elected as Chair.