Champion Iron Investor Presentation — July 2022

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TSX: CIA ⎪ASX: CIA ⎪OTCQX: CIAFF

TIER 1 JURISDICTIONHIGH QUALITY INFRASTRUCTURE

FIRST QUARTER OF THE 2023 FINANCIAL YEAR

Webcast Presentation

July 28, 2022This presentation (the "Presentation") contains information about Champion Iron Limited ("Champion" orthe"Company"), current asatthedate hereof orasatsuch earlier date asmay bespecified herein .This Presentation does notconstitute orform part of,and should notbeconstrued as,anoffer tosellorissue orthesolicitation ofanoffer tobuyoracquire

securities ofChampion oranyofitssubsidiaries oraffiliates oranyother person inanyjurisdiction oraninducement toenter into investment activity, does notconstitute marketing material inconnection with anysuch securities andthere isnocurrent offering orsoliciting forthesale ofsecurities inanyjurisdiction .

This Presentation andtheinformation contained herein isforinformation purposes only, may notbereproduced ordistributed toothers, atanytime, inwhole orinpart, foranypurpose, andmay notbeused foranyother purpose, without theprior written consent ofChampion, andallrecipients agree that they willusethis Presentation solely forinformation purposes .

Acceptance ofthis Presentation byanyperson constitutes anagreement tobebound bytheterms ofthis disclaimer .

Inmaking anyfuture investment decision, youmust rely onyour own examination ofChampion, including themerits andrisks involved .This Presentation should notbeconstrued asfinancial, legal, tax, accounting, investment orother advice orarecommendation with respect toanypotential future investment .Youshould consult your own advisors asneeded tomake a

future investment decision anddetermine whether itislegally permitted tomake aninvestment under applicable legal requirements, securities orsimilar laws orregulations .