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News Releases

News Releases

CASH DISTRIBUTION FOR THE THIRD QUARTER OF 2010 - $0.50 PER STAPLED UNIT AND SPECIAL DIVIDEND - $0.50 PER STAPLED UNIT

September, 16, 2010

Toronto

The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash distribution of $0.50 per Stapled Unit, comprising a $0.234 interest payment on subordinated notes and a $0.266 common share dividend. The Directors also declared a special dividend of $0.50 per common share for a total distribution of $1.00 per Stapled Unit. All amounts are payable to holders of record at the close of business on September 30, 2010 and to be paid on October 25, 2010.

For further information, please contact:

Bruce C. Bone
President & Chief Executive Officer
(416) 863-7133