Cleveland-Cliffs Inc (NYSE: CLF), which will be renamed Cliffs Natural Resources in conjunction with its planned merger with Alpha Natural Resources (NYSE: ANR), today announced that it has filed an updated investor presentation with the Securities and Exchange Commission (the "SEC") in connection with the proposed Alpha transaction. As an update to the materials filed on July 16, 2008, the presentation includes the following additional information:

• Expected pro forma 2009 EBITDA split between Cleveland-Cliffs and Alpha Natural Resources
• Further discussion of U.S. steel industry fundamentals and trends
• Additional information regarding the positive outlook for both metallurgical coal and iron ore
• A review of Cleveland-Cliffs’ successful acquisition track record and strong stock price performance

A copy of the presentation has also been posted Cleveland-Cliffs’ website at www.cleveland-cliffs.com

To be added to Cleveland-Cliffs’ e-mail distribution list, please click on the link below: http://www.cpg-llc.com/clearsite/clf/emailoptin.html

Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is an international mining company, the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal to the global steelmaking industry. The Company operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. Cliffs also owns 85% of Portman Limited, a large iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.