FWR Freewest Resources Canada Com Npv

Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that its shareholders
approved a previously-announced Arrangement with Cliffs Natural Resources Inc.
(NYSE:CLF)(PARIS:CLF) at a special meeting of Freewest shareholders held today
in Montreal. Of a total of 159,808,069 Freewest shares voted, 131,247,614 shares
(82.13%) were voted in favour of the Arrangement with Cliffs while 28,560,455
shares (17.87%) were voted against.


The Arrangement was also approved by a majority of the votes cast by Freewest
shareholders, excluding the votes cast by Mackenzie I. Watson and Ronny Kay, two
of Freewest's executive officers and directors, as required by applicable
Canadian securities legislation.


The Arrangement with Cliffs provides that Freewest shareholders will receive,
for each Freewest share, a fixed amount of CDN$1.00 in Cliffs shares, based on a
five-day volume weighted average trading price of Cliffs' shares on the New York
Stock Exchange. If, as expected, the effective date of the Arrangement is
January 27, the volume weighted average trading price of Cliffs' shares on the
New York Stock Exchange for the relevant five-day period, from January 15 to
January 22, as converted into Canadian dollars, is $49.70. As a result, Freewest
shareholders will receive 0.0201 of a Cliffs share for each Freewest share, or
approximately 20 Cliffs shares for every 1,000 Freewest shares.


As previously announced, Freewest will apply to the Ontario Superior Court of
Justice (Commercial List) for a final order in respect of the Arrangement
tomorrow, January 26. If the final order is granted by the Court, it is expected
that the Arrangement will become effective on Wednesday, January 27. Freewest
expects that its shares will be delisted from the TSX Venture Exchange shortly
thereafter.


"We are very pleased that our shareholders approved the Arrangement with Cliffs
with a strong majority," said Mackenzie I. Watson, President and Chief Executive
Officer of Freewest. "We look forward to completing the transaction with Cliffs
later this week".


About Freewest

Freewest is a mineral exploration company actively exploring for gold,
base-metals and chromite within eastern Canada. Corporate information can be
accessed on the Internet at www.freewest.com. Freewest's shares are listed on
Tier 1 of the TSX Venture Exchange under the symbol FWR.


About Cliffs Natural Resources Inc.

Cliffs Natural Resources (NYSE:CLF)(PARIS:CLF) is an international mining and
natural resources company. It is the largest producer of iron ore pellets in
North America, a major supplier of direct-shipping lump and fines iron ore out
of Australia and a significant producer of metallurgical coal. With core values
of environmental and capital stewardship, Cliffs' colleagues across the globe
endeavor to provide all stakeholders operating and financial transparency as
embodied in the Global Reporting Initiative (GRI) framework. Cliffs is organized
through three geographic business units: 


The North American business unit is comprised of six iron ore mines owned or
managed in Michigan, Minnesota and Eastern Canada, and two coking coal mining
complexes located in West Virginia and Alabama. The Asia Pacific business unit
is comprised of two iron ore mining complexes in Western Australia and a 45%
economic interest in a coking and thermal coal mine in Queensland, Australia.
The South American business unit includes a 30% interest in the Amapa Project,
an iron ore project in the state of Amapa in Brazil. 


Over recent years, Cliffs has been executing a strategy designed to achieve
scale in the mining industry and focused on serving the world's largest and
fastest growing steel markets. 


Forward-Looking Statements 

This news release contains statements that constitute "forward-looking
information" or "forward-looking statements" within the meaning of applicable
securities legislation. This forward-looking information is subject to numerous
risks and uncertainties, certain of which are beyond the control of Freewest
Resources Canada Inc. ("Freewest"). Actual results or achievements may differ
materially from those expressed in, or implied by, this forward-looking
information. No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of them do so,
what benefits that Freewest will derive therefrom. In particular, no assurance
can be given as to whether the proposed plan of arrangement with Cliffs Natural
Resources Inc. will be completed. Forward-looking information is based on the
estimates and opinions of Freewest's management at the time the information is
released and Freewest does not undertake any obligation to update publicly or to
revise any of the forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws.

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