Announces Results of Election of Directors

Labrador Iron Ore Royalty Corporation

Announces Results of Election of Directors

Toronto

,

May 12, 2022

/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 8, 2022 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 WIthheld

Number

Percent

Number

Percent

Mark J. Fuller

27,035,790

80.41%

6,587,300

19.59%

Douglas F. McCutcheon

32,722,882

97.32%

900,208

2.68%

Dorothea E. Mell

32,744,969

97.39%

878,121

2.61%

William H. McNeil

26,306,339

78.24%

7,316,751

21.76%

Sandra L. Rosch

32,164,780

95.66%

1,458,310

4.34%

John F. Tuer

32,864,932

97.75%

758,158

2.25%

Patricia M. Volker

29,319,664

87.20%

4,303,426

12.80%

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/May2022/12/c7654.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 16:25e 12-MAY-22