Black Iron Files Re-scoped Preliminary Economic Assessment Report for Phased Build Showing Post Tax 36.1% IRR and NPV of US$1.6 Billion

TORONTO, ONTARIO--(Marketwired - Dec. 14, 2017) - Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(OTC PINK:BKIRF) has filed on SEDAR its National Instrument 43-101 Technical Report entitled "Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit" effective November 21, 2017 (the "re-scoped PEA") for its Shymanivske iron ore project located in Kryvyi Rih, Ukraine (the "Project").