Cash Distribution for the Second Quarter of 2010 - $0.50 per Trust Unit and Special Dividend - $0.25 per Trust Unit

Toronto, June 08, 2010

The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular quarterly cash distribution of $0.50 per Trust Unit and a special dividend of $0.25 per Trust Unit payable to holders of record at the close of business on June 30, 2010 and to be paid on July 25, 2010.

For tax purposes, the income from the cash distribution of $0.75 per Trust Unit will be considered to be:

• Interest income of $0.199
• Dividend income of $0.551

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