Toronto, December 11, 2009

Cash Distribution for the Fourth Quarter of 2009 - $0.50 per Trust Unit
The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a cash distribution for the fourth quarter of 2009 of $0.50 per Trust Unit payable to holders of record at the close of business on December 31, 2009 and to be paid on January 25, 2010.

For tax purposes, the income from the cash distribution of $0.50 per Trust Unit will be considered to be:

• Interest income of $0.1520
• Dividend income of $0.3480

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