ArcelorMittal and Nunavut Iron Take-up Additional 4.77M Baffinland Securities

ArcelorMittal MT and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 4,773,400 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 of Baffinland.