Iron Ore Company of Canada Dividend

Iron Ore Company of Canada Dividend

TORONTO

,

Nov. 26, 2020

/CNW/ - Labrador Iron Ore Royalty Corporation (the "Corporation")

announced that Iron Ore Company of

Canada

("IOC") has declared a dividend payable on

December 17

, 2020. The Corporation's portion is U.S.

$67,950,000

or about CDN.

$88.3 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/November2020/26/c2331.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 17:53e 26-NOV-20