LIF.TO · 2021-12-15 12:00:00

Labrador Iron ORE Royalty Corporation - Cash Dividend FOR the Fourth Quarter of 2021 - $1.15 PER Common Share

Corporate Actions

LABRADOR IRON ORE ROYALTY

CORPORATION - CASH DIVIDEND FOR THE

FOURTH QUARTER OF 2021 - $1.15 PER

COMMON SHARE

TORONTO

Dec. 15, 2021

/CNW/ - The Directors of Labrador Iron Ore Royalty Corporation (the

"Corporation") (TSX:LIF) declared today a quarterly cash dividend of

$1.15

per Common Share. The

dividend is payable to holders of record at the close of business on

December 31, 2021

and is to be

paid on

January 26, 2022

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/December2021/15/c9766.html

%SEDAR: 00030172E

For further information:

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

CO: Labrador Iron Ore Royalty Corporation

CNW 16:43e 15-DEC-21