LIF.TO · 2021-03-04 12:00:00

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

Corporate Actions

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, E-

CO: Labrador Iron Ore Royalty Corporation

CNW 18:08e 04-MAR-21