Cash Dividends for the Second Quarter of 2020 - $0.45 Per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.20

Cash Dividends for the Second Quarter of

2020 - $0.45 Per Common Share Comprised of

a Regular Dividend of $0.25 and a Special

Dividend of $0.20

TORONTO

,

June 10, 2020

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

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

$0.25

per Common

Share. The Directors also declared a special dividend of

$0.20

per Common Share for total

dividends of

$0.45

per Common Share. All amounts are payable to holders of record at the close of

business on

June 30, 2020

and to be paid on

July 25, 2020

.

Iron Ore Company of Canada Dividend

The Corporation announced that Iron Ore Company of

Canada

has not declared a dividend for the

quarter ending

June 30, 2020

.

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/June2020/10/c7130.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 18:09e 10-JUN-20