Labrador Iron Ore Royalty Corporation Announces Results of Election of Directors

Labrador Iron Ore Royalty Corporation Announces Results of Election of Directors

Toronto, May 13, 2026

Labrador Iron Ore Royalty Corporation (the “Corporation”) (TSX: LIF) announced the results of

the election of directors at its annual meeting of holders of common shares held today in

Toronto.

The following nominee directors listed in the Corporation’s management information circular dated

March 30, 2026 were elected as directors of the Corporation. The vote was conducted by a show

of hands. The number of common shares voted for or against the election of each director was

as indicated below:

Votes For Votes Against

Number Percent Number Percent

Mark J. Fuller 29,601,855 78.74% 7,993,002 21.26%

Douglas F. McCutcheon 37,318,090 99.26% 276,769 0.74%

Dorothea E. Mell 37,342,693 99.33% 252,166 0.67%

William H. McNeil 33,705,267 89.65% 3,889,591 10.35%

Sandra L. Rosch 35,730,145 95.04% 1,864,715 4.96%

John F. Tuer 37,229,089 99.03% 365,771 0.97%

Patricia M. Volker 35,538,903 94.53% 2,055,956 5.47%

Final results on all matters voted at the annual meeting will be filed shortly with the Canadian

securities regulators.

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in Iron Ore Company of Canada (“IOC”) directly

and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross

overriding royalty on all iron ore products produced, sold and shipped by IOC and a 10 cent per

tonne commission on all iron ore products produced and sold by IOC.

For further information, please contact:

John F. Tuer

President & Chief Executive Officer

(416) 362-0066

E-mail- [email protected]