2010 News Releases

Toronto, March 3, 2010
Cash Distribution for the First Quarter of 2010 - $0.50 per Trust Unit and Special Dividend - $0.25 per Trust Unit
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).
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Toronto, March 3, 2010
RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2009
Labrador Iron Ore Royalty Income Fund (TSX: LIF.UN) announced its results for the fourth quarter ended December 31, 2009.
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Toronto, March 2, 2010
Iron Ore Company of Canada Dividend
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.
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2009 News Releases

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..
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Toronto, October 29, 2009
RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2009
Royalty income for the third quarter of 2009 amounted to $15.51 million as compared to $43.20 million for the third quarter of 2008. The Fund’s cash flow from operating activities after adjustments for changes in amounts receivable, accounts payable and income taxes payable/recoverable (adjusted cash flow) for the third quarter was $18.81 million or $0.59 per unit as compared to $104.10 million or $3.25 per unit for the same period in 2008. Net income was $13.63 million or $0.43 per unit compared to $65.64 million or $2.05 per unit for the same period in 2008.
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Toronto, September 10, 2009
Cash Distribution for the Third 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 third quarter of 2009 of $0.50 per Trust Unit payable to holders of record at the close of business on September 30, 2009 and to be paid on October 25, 2009.
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Toronto, August 06, 2009
RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 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. Net income was $17.78 million or $0.55 per unit compared to $73.92 million or $2.31 per unit for the same period in 2008.
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Toronto, June 11, 2009
CASH DISTRIBUTION FOR THE SECOND 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 second quarter of 2009 of $0.50 per Trust Unit payable to holders of record at the close of business on June 30, 2009 and to be paid on July 25, 2009.
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Toronto, May 05, 2009
RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2009
Royalty income for the first quarter of 2009 amounted to $16.27 million as compared to $16.36 million for the first 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 first quarter was $11.11 million or $0.35 per unit as compared to $10.36 million or $0.32 per unit for the same period in 2008. Net income was $16.53 million or $0.52 per unit compared to $10.78 million or $0.34 per unit for the same period in 2008.
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Toronto, February 27, 2009
CASH DISTRIBUTION FOR THE FIRST 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 first quarter of 2009 of $0.50 per Trust Unit payable to holders of record at the close of business on March 31, 2009 and to be paid on April 24, 2009.
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Toronto, February 27, 2009
2008 RESULTS OF OPERATIONS
Labrador Iron Ore Royalty Income Fund announced the results of its operations for the year ended December 31, 2008.
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Toronto, February 27, 2009
IOC ANNOUNCES CESSATION OF EFFORTS TO DEVELOP SEPT-ÎLES PELLETIZING PLANT
Labrador Iron Ore Royalty Income Fund (the “Fund”) attaches a press release issued today by Iron Ore Company of Canada (“IOC”) announcing that due to the sharp drop in world demand for raw materials, including iron ore, IOC found the refurbishment of its Sept-Îles pellet plant (which has been idle since 1981 and was partially refurbished in 2001) to no longer be viable and decided not to proceed with the project. The trustees of the Fund support this decision as it will allow IOC to concentrate its efforts on its current operations. The impact of this write down has been reflected in the Fund’s financial statements for the year ended December 31, 2008.
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