Champion Iron Investor Presentation — October 2022

Document content

TSX: CIA ⎪ASX: CIA ⎪OTCQX: CIAFF

TIER 1 JURISDICTIONHIGH QUALITY INFRASTRUCTURE

SECOND QUARTER OF THE 2023 FINANCIAL YEAR

Webcast Presentation

October 27, 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,andshould 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 ofthisPresentation byanyperson constitutes anagreement tobebound bytheterms ofthisdisclaimer .

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