LIF.TO · 2021-05-28 12:00:00

Iron Ore Company of Canada Dividend

Corporate Actions

TORONTO

May 28, 2021

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

announced that Iron Ore Company of

Canada

("IOC") has declared a dividend payable on

June 25

2021. The Corporation's portion is U.S.

$60,400,000

or about CDN.

$73.0 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/May2021/28/c0967.html

%SEDAR: 00030172E

For further information:

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

CO: Labrador Iron Ore Royalty Corporation

CNW 16:40e 28-MAY-21