Labrador Iron Ore Royalty Corporation - Cash Dividends for the Third Quarter of 2017 - $1.00 Per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.75

Labrador Iron Ore Royalty Corporation - Cash Dividends for the Third Quarter of 2017 - $1.00 Per Common Share

Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.75

TORONTO

,

Sept. 15, 2017

/CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash dividend of

$0.25

per Common

Share. The Directors also declared a special dividend of

$0.75

per Common Share for total dividends of

$1.00

per Common Share. All amounts are payable to

holders of record at the close of business on

September 30, 2017

and to be paid on

October 25, 2017

.

The Directors of LIORC wish to advise shareholders in regard to future dividends that:

The main factors that affect LIORC dividends are the iron ore price, Iron Ore Company of

Canada

production, and the Canadian dollar exchange rate with the

US dollar.

The intent of LIORC is to maintain the regular quarterly cash dividend at

$0.25

/share.

Special dividends will be paid at the discretion of the directors, maintaining reasonable cash balances.

The special dividends are expected to be largely dependent on dividends from IOC to the IOC shareholders. Since IOC is a private company, the directors of

LIORC recognize that there is limited public information available for LIORC shareholders to assess future IOC dividends. However, IOC is managed

conservatively and IOC intends to continue to be self-funding in all markets.

SOURCE

Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/September2017/15/c2143.html

%SEDAR: 00030172E

For further information:

William H. McNeil, President & Chief Executive Officer, (416) 863-7133, E-mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 16:25e 15-SEP-17