Company Also Sets Record Date for Proposal to Merge with Alpha Natural Resources

Cleveland-Cliffs Inc (NYSE: CLF), which will be renamed Cliffs Natural Resources in mid-October, today announced results for the special meeting of shareholders held on Oct. 3, 2008. The Company said that, based on the results provided by the independent Inspector of Elections, IVS Associates, Inc., its shareholders rejected Harbinger Capital Partners’ control share acquisition proposal. The proposal asked Cleveland-Cliffs shareholders to allow Harbinger to acquire more than one-fifth but less than one-third of Cleveland-Cliffs shares outstanding.

According to the report provided by the Inspector, more than 78.9 million shares were represented in person or by proxy at the meeting, reflecting a total turnout of nearly 74% of all outstanding shares. With respect to the required First Majority Approval, 51.3 million, or 65% of the votes represented at the meeting, voted AGAINST adopting Harbinger’s proposal. With respect to the required Second Majority Approval, or shares voted by holders other than Harbinger Capital Partners, its equity-swap counter parties and other "interested" shareholders, 46.3 million, or 82% of the eligible votes represented, voted AGAINST adopting the Harbinger proposal.

Joseph A. Carrabba, Cliffs chairman, president and chief executive officer, said, “While pleased our shareholders voted to reject Harbinger’s proposal, Cliffs recognizes it will face an uphill battle winning the two-thirds majority of shares outstanding required to complete its proposed transaction with Alpha Natural Resources. We continue to believe that, over the long-term, the transaction is in the best interest of shareholders and are hopeful the number required to approve the deal are convinced of the merits.”

Record Date Set for Alpha Natural Resources Transaction Vote

Cliffs set the record date for the shareholder meeting to vote on the proposed transaction with Alpha as of Oct. 6, 2008. The shareholder meeting will take place in mid-November, with a specific date to be determined.

ABOUT CLEVELAND-CLIFFS INC

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.