Labrador Iron Ore Royalty Corporation - Cash Distribution for the Third Quarter Of 2012 - $0.375 Per Stapled Unit Comprised of a Regular Distribution of $0.25 and a Special Dividend of $0.125 ,

TORONTO, Sept. 13, 2012 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash distribution of $0.25 per Stapled Unit, comprising a $0.117 interest payment on subordinated notes and a $0.133 common share dividend. The Directors also declared a special dividend of $0.125 per common share for a total distribution of $0.375 per Stapled Unit. All amounts are payable to holders of record at the close of business on September 30, 2012 and to be paid on October 25, 2012.

SOURCE: Labrador Iron Ore Royalty Corporation

%SEDAR: 00030172E

For further information:

Bruce C. Bone President & Chief Executive Officer (416) 863-7133 E-mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 16:38e 13-SEP-12