Cash Dividend FOR the Fourth Quarter of 2022 - $0.70 PER Common Share

CASH DIVIDEND FOR THE FOURTH

QUARTER OF 2022 - $0.70 PER COMMON

SHARE

TORONTO

,

Dec. 15, 2022

/CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the

"Corporation") (TSX: LIF) declared today a quarterly cash dividend of

$0.70

per Common Share.

The dividend is payable to holders of record at the close of business on

December 30, 2022

and is

to be paid on

January 26, 2023

.

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/December2022/15/c1216.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 18:35e 15-DEC-22