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Black Iron Inc.

09:51 AM EST - Black Iron Inc. : reported additional assay results from its definition and exploration diamond drill program at the Company's Shymanivske Iron Ore Project in Ukraine. The Company continues to be encouraged by the results of the infill drilling and the intersection of thick iron bands in each hole with grades largely greater than 30% iron. Of note, hole BISH-5 intersected iron ore grading in excess of 30% iron to depths of 436 metres, including 141 metres grading 32.3% iron and 26 metres grading 33.3% iron. Black Iron Inc. shares T.BKI are trading unchanged at $0.30.