Iron South Commences Exploration at High Grade Fierro Iron Project in Argentina

Iron South Mining Corp. (TSX-V: IS, FSE: OAY1 (WKN A0RK7E), "Iron South" or the "Company") ") is pleased to announce that it has commenced exploration at its Fierro Iron Project located in Rio Negro Province, Argentina, where Iron South is earning a 100% interest in the 94,796 ha property. Further the company is pleased to announce high grade saw channel sampling of outcropping iron bands on its main 300 Zone target that assayed 79.2% Fe2O3 over 7 m and 80.1% Fe2O3 over 5 m.

The Fierro Project is immediately adjacent to the producing Minera Sierra Grande iron mine, owned by Metallurgical Corporation of China Ltd. The Sierra Grande mine is defined within a strike length of 3.2 km, with widths ranging from 5 to 15 m and depth up to 1,100m. It has a historical, non NI 43-101 compliant mineral resource of 199 Mt (million tonnes) at 57.5% iron oxide1 at the South Deposit and is projected to produce over 1 Mt of 68%+ Fe magnetite concentrate in 2012.The project is road accessible year round, in an area of flat topography at an elevation of approximately 300 m and within 30 km of a deep sea port.

Iron South's Fierro Project claims cover an estimated 60 km of strike extensions of the favourable iron formation stratigraphy, much of which lies under the shallow cover of modern sediments. During due diligence sampling, Iron South cut two saw channel samples 150m apart along a 300m outcropping iron band on the Fierro claim group. Results are tabulated below:

Sample* Length m SiO2 % Al2O3 % Fe2O3 % CaO % MgO % K2O % MnO % TiO2 % P2O5 % Cr2O3 % As % Ba % S %
Cut 1  7.0  5.91  4.53  79.2  3.01  0.34  0.16  0.07  0.12  2.54  0.01  0.004  0.05  0.027
Cut 2  5.0  6.32  4.70  80.1  2.79  0.45  0.16  0.09  0.11  2.42  0.02  0.001  0.06  0.016

* Each sample is averaged from 1.0 m continuous saw-cut channel samples.


Previous work, including a property-wide reconnaissance ground magnetic survey, defined 5 zones of outcropping iron mineralization and 32 high-priority magnetic targets within the Fierro claim group. Iron South has commenced detailed infill ground magnetics, mapping and sampling and plans to excavate trenches in order to define and prioritize drill targets. A drill program to test targets is planned for later in the year.

Gerald G. Carlson, Ph.D., P.Eng., a Qualified Person for the purposes of National Instrument 43-101, reviewed and approved the technical information in this press release. During the due diligence sampling no internal standards were sent to the laboratory. Acme Labs Chile, an internationally recognized laboratory assayed all samples reported using XRF iron ores analysis.


1 Metallurgical Corporation of China Ltd. Global Offering Prospectus, September 11, 2009


About Iron South Mining Corp.

Iron South is a Vancouver-based iron ore exploration company led by an industry-renowned management team with technical expertise and market experience. Iron South has entered into an option agreement, subject to regulatory approval, to earn 100% interest in the Fierro high-grade iron ore project, located in Rio Negro, Argentina located immediately adjacent to the producing Minera Sierra Grand iron mine, owned by Metallurgical Corporation of China Ltd. Management is planning an aggressive exploration program at Fierro and continues to evaluate acquisitions to build its property portfolio with a focus on iron ore projects with established value and significant upside potential. Iron South is a member of the Grosso Group, a management company specializing in resource exploration since 1993.


ON BEHALF OF THE BOARD

"Gerald Carlson"
Dr. Gerald Carlson, President & CEO


For further information please contact:

Iron South Mining Corp.
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@ironsouthmining.com



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.