Genesee & Wyoming Inc. and Consolidated Thompson Iron Mines Limited Sign Rail Services Agreement

GREENWICH, Conn. — Genesee & Wyoming Inc. said that GWI and a newly formed GWI subsidiary, Western Labrador Rail Services (WLRS), have entered into a long term agreement with Bloom Lake Railway Company (BLRC), a subsidiary of Consolidated Thompson Iron Mines Limited (CLM), for WLRS to provide rail transportation services to BLRC.

Operated as part of GWI’s Canada Region, WLRS will haul unit trains of iron ore over BLRC’s newly constructed 31-kilometer railway from CLM’s Bloom Lake mine, located in the province of Quebec on the south end of the Labrador Trough, to Wabush, Labrador.

The iron ore will then travel over two privately owned railways to CLM’s port facilities in Pointe-Noire on the St. Lawrence River for export primarily to Asian markets. The railway construction is expected to be completed during the first quarter of 2010 with iron ore shipments starting immediately thereafter.