Announces Results of Election of Directors

Labrador Iron Ore Royalty Corporation

Announces Results of Election of Directors

TORONTO

,

May 13, 2021

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

Corporation

")

(TSX: LIF) announced the results of the election of directors at its annual and special 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, 2021 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

Mark J. Fuller

27,872,015

90.35%

2,978,005

9.65%

Douglas F. McCutcheon

29,840,337

96.73%

1,009,683

3.27%

Dorothea E. Mell

29,863,943

96.80%

986,077

3.20%

William H. McNeil

21,845,444

70.81%

9,004,576

29.19%

Sandra L. Rosch

28,588,410

92.67%

2,261,610

7.33%

John F. Tuer

28,890,488

93.65%

1,959,532

6.35%

Patricia M. Volker

29,890,513

96.89%

959,507

3.11%

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

View original content:

http://www.newswire.ca/en/releases/archive/May2021/13/c6594.html

%SEDAR: 00030172E

For further information:

John F. Tuer, President & Chief Executive Officer, (416) 362-0066, E-

mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 16:45e 13-MAY-21