Notice from the Office of the Secretary: In the Matter of Baffinland Iron Mines Corporation et al.

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

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IN THE MATTER OF
BAFFINLAND IRON MINES CORPORATION, IRON ORE HOLDINGS, LP
AND NUNAVUT IRON ORE ACQUISITION INC.

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IN THE MATTER OF AN APPLICATION BY
STAFF OF THE ONTARIO SECURITIES COMMISSION

(Section 127)

TORONTO – Take notice that the Commission will hold a hearing on January 6, 2011 at 10:00 a.m. to consider the application by Staff of the Ontario Securities Commission to cease trade any shares tendered to the take-over bid by Nunavat Iron Ore Acquisition Inc. for the common shares of Baffinland Iron Mines Corporation, which take-over bid currently expires at 11:59 pm (Toronto time) on January 10, 2011.

The hearing will be held in the Large Hearing Room, 17^th Floor, 20 Queen Street West, Toronto.

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY