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Nomination of Mr. Avit Ouellet and Mr. François Turmel

SEPT-ÎLES, July 2, 2008 – The Port of Sept-Îles is pleased to announce the nomination of Mr. Avit Ouellet and Mr. François Turmel to its board of directors.

Mr. Ouellet was appointed on the recommendation of Port of Sept-Iles’ users and Mr. Turmel was appointed as a representative of the federal government, by the Minister of Transport, Infrastructure and Communities, the Honorable Lawrence Cannon.

Mr. Avit Ouellet holds a Bachelor of Arts from Séminaire de Rimouski and a Master’s in Administrative Sciences and Communications from Université Laval in Quebec City. Mr. Ouellet retired in 2000, after a long career with the Iron Ore Company of Canada where he began in 1971, and where he held increasingly senior positions in finance and administration. He has been a board member of diverse Quebec associations and companies. Mr. Ouellet has been appointed to the Port of Sept-Iles board of directors for a three-year term.

Mr. François Turmel holds an Industrial Design Diploma from École technique de Québec. He is currently President of Constructions BLH Inc. and of Gestion Majicor Enr., two companies that specialize in the construction of industrial and commercial buildings. Mr. Turmel is a former Director of the Chamber of Commerce and of Corporation de promotion industrielle et commerciale de Sept-Îles. He has been appointed to the Port Sept-Iles board of directors for a two-year term.

The Port of Sept-Iles and the board members would like to welcome the new Directors, whose vast experience and expertise will undoubtedly contribute to the Port’s continued development.

The Port of Sept-Îles is in the forefront of the region’s economy and plays a key role in its development. The Port’s annual economic impact has been estimated at $1 billion, with some 4,000 direct and indirect jobs.