Announces Results of Election of Directors

Labrador Iron Ore Royalty Corporation

Announces Results of Election of Directors

TORONTO

,

May 14, 2020

/CNW/ - Labrador Iron Ore Royalty Corporation (the "

Corporation

")

(TSX: LIF) announced the results of the election of directors at its annual meeting of holders of

common shares held today by way of a virtual meeting.

The following nominee directors listed in the Corporation's management information circular dated

April 9, 2020 were elected as directors of the Corporation. The vote was conducted by electronic

ballot. The number of common shares voted for the election of each director or withheld was as

indicated below:

Votes For

% Votes For

Votes Withheld

% Withheld

William J. Corcoran

27,350,515

95.70%

1,228,715

4.30%

Mark J. Fuller

26,066,478

91.21%

2,512,752

8.79%

Douglas F. McCutcheon

28,515,631

99.78%

63,599

0.22%

William H. McNeil

22,198,586

77.67%

6,380,644

22.33%

Dorothea E. Mell

28,530,530

99.83%

48,700

0.17%

Sandra L. Rosch

27,446,419

96.04%

1,132,811

3.96%

John F. Tuer

27,981,909

97.91%

597,321

2.09%

Patricia M. Volker

27,893,328

97.60%

685,902

2.40%

Final results on all matters voted at the annual meeting will be filed shortly with the Canadian

securities regulators.

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in Iron Ore Company of

Canada

("

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

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http://www.newswire.ca/en/releases/archive/May2020/14/c2207.html

%SEDAR: 00030172E

For further information:

please contact: John F. Tuer, President & Chief Executive Officer, (416)

362-0066, E-mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 15:53e 14-MAY-20