Cash Dividend for the First Quarter of 2021 - $1.00 Per Common Share

TORONTO, March 4, 2021 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash dividend of $1.00 per Common Share. The dividend is payable to holders of record at the close of business on March 31, 2021 and is to be paid on April 26, 2021.

Iron Ore Company of Canada Dividend

The Corporation announced that Iron Ore Company of Canada (IOC) has declared a dividend payable on March 25, 2021. The Corporation's portion is U.S. $15,100,000 or about CDN $19.1 million.

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/March2021/04/c4690.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 18:08e 04-MAR-21