Cash Dividend for the Second Quarter of 2021

• $1.75 Per Common Share

TORONTO, June 15, 2021 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash dividend of $1.75 per Common Share. The dividend is payable to holders of record at the close of business on June 30, 2021 and is to be paid on July 26, 2021.

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

SOURCE Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/June2021/15/c9511.html

%SEDAR: 00030172E

For further information: John F. Tuer, President & Chief Executive Officer, (416) 362-0066, Email- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 17:30e 15-JUN-21