/CNW/ - Today Rio Tinto released its quarterly operational report for the third quarter ending

Labrador Iron Ore Royalty Corporation

(TSX:LIF) - Rio Tinto Releases IOC Production

and Sales Information

TORONTO

,

Oct. 15, 2020

/CNW/ - Today Rio Tinto released its quarterly operational report for the

third quarter ending

September 30, 2020

, which included Iron Ore Company of

Canada

(IOC)

production and sales information. Specifically, Rio Tinto announced that in the third quarter of 2020,

IOC had total saleable iron ore production of 3.99 million tonnes, comprised of 2.22 million tonnes of

pellets and 1.77 million tonnes of concentrate for sale (CFS). Rio Tinto also announced that IOC had

total iron ore sales in the third quarter of 2020 of 4.65 million tonnes, comprised of 2.35 million

tonnes of pellets and 2.31 million tonnes of CFS. Comparisons to prior quarters and Rio Tinto's

commentary on the changes can be found in Rio Tinto's quarterly operational report which is posted

on their website. Please note that the IOC sales tonnages are calculated slightly differently for the

LIORC Royalty.

LIORC will be releasing its full third quarter report after the market close on

November 5, 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/October2020/15/c1322.html

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For further information:

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

mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 19:22e 15-OCT-20