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PolyMet Signs Northmet Construction Labour Agreement

Tuesday, September 4th, 2007

PolyMet Mining Corp. has announced that it has signed a comprehensive project labour agreement governing the planned construction of its 100%-owned NorthMet Project. NorthMet comprises a copper-nickel-precious metals ore-body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

PolyMet and 15 construction trade unions in Northeastern Minnesota have signed a construction Project Labour Agreement (‘PLA’, ‘, ‘, NULL, NULL) governing an estimated 1 million man-hours of construction labour in order to complete the NorthMet Project. The official signing at a community event in Hoyt Lakes was attended by PolyMet management and employees, union leaders, elective officials, school administrators, mining industry contractors and suppliers, and local businesses and citizens.

The PLA secures a supply of construction labour for NorthMet and defines the ground rules for working conditions, schedules, overtime and safety. The agreement also encourages apprenticeships and includes “no strike” provisions.

William Murray, President and Chief Executive Officer of PolyMet, hailed the agreement as “another major landmark in the development of our project.” He continued, “This Project Labour Agreement assures that NorthMet will be an all-union construction project.”

John Grahek, President of the Iron Range Building Trades, said the agreement would achieve the objective of “putting people back to work on the Iron Range.”

Rep. James Oberstar, Minnesota’s senior United States Congressman, and long time advocate for economic development in his home district of northeastern Minnesota, declared, “We will stay on top of this until it gets done…we’re going to make this happen.”

State Representative David Dill, Chairman of Minnesota’s Iron Range state legislative delegation, spoke about how NorthMet is being designed “to meet or exceed Minnesota’s strict environmental standards,” and that “this project means a future for families.”

Joe Scipioni, Chief Operating Officer of PolyMet, reinforced the importance of NorthMet to northern Minnesota, stating that “PolyMet is leading the way for both expansion and diversification of the economy of northern Minnesota.” He credited Steve Ryan, who led PolyMet’s negotiating team, for his many months of efforts in reaching this important agreement.

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