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News Releases

Labrador Iron Ore Royalty Corporation - Cash Distribution for the First Quarter of 2012 - $0.25 Per Stapled Unit and Special Dividend - $0.125 Per Stapled Unit

February, 27, 2012

TORONTO, Feb. 27, 2012 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash distribution of $0.25 per Stapled Unit, comprising a $0.117 interest payment on subordinated notes and a $0.133 common share dividend. The Directors also declared a special dividend of $0.125 per common share for a total distribution of $0.375 per Stapled Unit. All amounts are payable to holders of record at the close of business on March 31, 2012 and to be paid on April 25, 2012.