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Champion Iron Limited press release

Fortune Minerals Releases 2012 Annual Financial Results

TSX - Toronto Stock Exchange · Iron · Aluminium · Manganese · Copper · Zinc · Australia

Issued Capital: 121,276,976

LONDON, ON, March 4, 2013 /CNW/ - Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") is pleased to announce that its annual audited consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the year ended December 31, 2012 have been filed and are available on SEDAR (www.sedar.com) and will be available soon through the Company's web site (www.fortuneminerals.com).

About Fortune Minerals: Fortune is a diversified resource company with several mineral deposits and a number of exploration projects, all located in Canada. The Company is focused on the development of the Arctos Anthracite Project in British Columbia ("BC") and the NICO gold-cobalt-bismuth-copper deposit in the NT. As part of the development of the NICO deposit, Fortune is developing the Saskatchewan Metals Processing Plant ("SMPP") in Saskatchewan to process NICO concentrates to high value metal products. In addition, the Company owns the Sue-Dianne copper-silver-gold deposit and other exploration projects in the NT. Fortune is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

SOURCE: Fortune Minerals Limited

Fortune Minerals Limited Robin Goad, President, or Troy Nazarewicz Investor Relations Manager info@fortuneminerals.com Tel.: (519) 858-8188 Fax: (519) 858-8155 www.fortuneminerals.com

Renmark Financial Communications Barbara Komorowski: bkomorowski@renmarkfinancial.com, or Nadia Marks: nmarks@renmarkfinancial.com Montreal Tel: (514) 939-3989, Toronto Tel. (416) 644-2020 Montreal Fax: (514) 939-3717, Toronto Fax. (416) 644-2021 www.renmarkfinancial.com

Earlier from Champion Iron Limited