RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2009

August 06, 2009

Labrador Iron Ore Royalty Income Fund (TSX: LIF.UN) announced its results for the second quarter ended June 30, 2009.

Royalty income for the second quarter of 2009 amounted to $19.24 million as compared to $57.61 million for the second quarter of 2008. The Fund’s cash flow from operating activities after adjustments for changes in amounts receivable, accounts payable and income taxes payable (adjusted cash flow) for the second quarter was $12.58 million or $0.39 per unit as compared to $32.95 million or $1.03 per unit for the same period in 2008.

For further information, please contact:
Bruce C. Bone
Chairman & Chief Executive Officer
(416) 863-7133