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CLEVELAND (Business Wire) -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today
announced that its Board of Directors has approved the redemption of the
rights accompanying its outstanding common stock under its Shareholder
Rights Plan. The Shareholder Rights Plan was set to expire by its terms
on Oct. 29, 2011. With this action, the Shareholder Rights Plan is
effectively terminated immediately. The Company will pay a redemption
price equal to $0.001 per right in cash on June 1, 2010.




Joseph A. Carrabba, Cliffs' chairman, president and chief executive
officer, said, "Cliffs is committed to enhancing its already strong
corporate governance profile and today's decision by the Board is
consistent with that objective."




Cliffs indicated that the Board's decision was not made in connection
with any prospective business transaction. The Board plans to
continually review all governance matters and will make additional
modifications as appropriate.




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and fastest growing steel markets.




News releases and other information on the Company are available on the
Internet at:




>www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1.




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