Notice from the Office of the Secretary - IN THE MATTER OF THE SECURITIES
ACT R.S.O. 1990, c. S.5, AS AMENDED - and - IN THE MATTER OF BAFFINLAND IRON
MINES CORPORATION, IRON ORE HOLDINGS, LP AND NUNAVUT IRON ORE ACQUISITION
INC. - and - IN THE MATTER OF AN APPLICATION BY NUNAVUT IRON ORE ACQUISITION
INC. (Section 127)

TORONTO, Dec. 21 /CNW/ - On December 21, 2010, the Commission issued two Notices of Hearing pursuant to subsection 104(2) and section 127 of the Securities Act  (the "Act") to consider the Application of Nunavut Iron Ore Acquisition Inc. ("Nunavut") dated December 20, 2010 (the "Application").

The first Notice of Hearing is with respect to a hearing to be held on December 22, 2010, to consider an application by Nunavut for temporary orders pursuant to subsection 127(5) of the Act as set out in the Application.

The second Notice of Hearing is with respect to a hearing to be held on January 6, 2011 to consider the Application.

A copy of the Notices of Hearing dated December 21, 2010 and the Application of Nunavut Iron Ore Acquisition Inc. dated December 20, 2010 are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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