Iron ORE Company of Canada Dividend

IRON ORE COMPANY OF CANADA DIVIDEND

TORONTO

,

Sept. 2, 2022

/CNW/ - Labrador Iron Ore Royalty Corporation ("LIORC") announced

that Iron Ore Company of Canada ("IOC"), in which LIORC holds a 15.1% equity interest, has

declared a dividend to be paid in September. LIORC's portion of the IOC dividend is U.S. $25.7

million, or about CDN. $33.6 million. For further clarity, this announcement refers to the declaration

of an IOC dividend to be received by LIORC and is

NOT

the declaration by LIORC of a dividend to

be paid to LIORC shareholders. LIORC typically declares a third quarter dividend later in September

based on the total amount of cash expected to be received in the quarter, including the IOC

dividend.

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/September2022/02/c9107.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 17:17e 02-SEP-22