Iron Ore Company of Canada Dividend

Toronto, March 2, 2010

Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company of Canada (IOC) has declared a dividend payable on March 30, 2010. The Fund’s portion is U.S. $11,325,000 or about CDN. $11.9 million (CDN. $0.37 per unit).

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