At Cliffs , ethical standards are not simply a set of rules, but
rather the way we live and work day to day .

This news release contains predictive statements that are intended to be
"forward-looking " within the safe harbor protections of the Private Securities
Litigation Reform Act of 1995.

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CLEVELAND , Cleveland-Cliffs Inc
(NYSE: CLF) today announced that it has received a ranking in the top one
percentile of comparable companies according to a survey conducted by
Institutional Shareholder Services (ISS).2% of all Material companies reviewed by ISS. Although the Company believes that its
forward-looking statements are based on reasonable assumptions, such
statements are subject to risk and uncertainties.cleveland-cliffs.com .

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Brinzo, chairman and chief
executive officer of Cleveland -Cliffs.

Contacts:
Media: (216) 694-4870
Financial Community: (800) 214-0739 or (216) 694-5459

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"This positive recognition reaffirms our Company's long-held philosophy
relating to corporate governance," stated John S. "Throughout our organization, we
promote the highest level of ethical conduct and corporate governance
practices. While we are certainly proud to
have earned such high marks relative to our peers, we continue to strive to
better our practices in this important area."

Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is the largest
producer of iron ore pellets in North America and sells the majority of its
pellets to integrated steel companies in the United States and Canada.

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3% of companies in the S+P SmallCap 600 Index and higher
than 99. The Company is majority owner of
Portman Limited, the third-largest iron ore mining company in Australia,
serving the Asian iron ore markets with direct-shipping fines and lump ore. Reference is made to the
detailed explanation of the many factors and risks that may cause such
predictive statements to turn out differently, set forth in the Company's
Annual Report for 2004, Reports on Form 10-K and Form 10-Q and previous news
releases filed with the Securities and Exchange Commission , which are publicly
available on Cleveland-Cliffs' website at: http://www.

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Cleveland-Cliffs Ranks in the Top One Percentile for Corporate Governance Practices

As of June 1, 2005, Cliffs' score on ISS' Corporate Governance Quotient
was better than 99.
Cleveland-Cliffs Inc operates a total of six iron ore mines located in
Michigan, Minnesota and Eastern Canada.

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Cleveland-Cliffs Ranks in the Top One Percentile for Corporate Governance Practices

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