Lamelee Approves the Financial Statements for the Quarter Ended December 31, 2014 - Seite 2

Lamêlée believes that the global iron ore demand will remain robust and will become increasingly important due to the sustained consumption increase in China, India and South Korea, and the demand recovery in the US and in Europe. In addition, the characteristics of the iron ore to be produced by Lamêlée give it a higher value than the vast majority of the iron ore produced and delivered in Asia and Europe.

In the event that the price of iron ore would remain below the average price assumption, it is likely that other important factors will be affected by the markets and it is possible, as is currently the case, that the relative value of the Canadian dollar and oil prices will also be affected, which could reduce the impact of falling iron ore prices.

Infrastructure

The Corporation's properties are located in relatively remote areas at some distance from existing infrastructure. Active mineral exploitation at any such properties would require building, adding or extending infrastructure, which could add to time and cost required for mine development.

Mining, processing, development and exploration activities depend, to one degree or another, on adequate infrastructure. In order to develop mines on its properties, Lamêlée will need to negotiate and conclude various agreements for various infrastructure requirements, including for rail transportation, power and port access with various industry participants, including external service and utility providers. These are important determinants affecting capital and operating costs.

The Corporation has not yet concluded agreements with the relevant rail companies or operators necessary for the transportation and handling of the Corporation's planned production of iron ore and there can be no assurance that agreements on acceptable terms will be concluded. The inability to conclude any such agreements - for transportation and power - could have a material adverse effect on the Corporation's results of operations and financial condition and on its ability to produce or market any products from the projects.