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LIF.TO ·

Labrador Iron Ore Royalty Corporation Announces Results of Votes

Corporate Updates

Labrador Iron Ore Royalty Corporation Announces Results of

Votes

TORONTO

,

May 16, 2018

/CNW/ - Labrador Iron Ore Royalty Corporation ("

LIORC

") (TSX: LIF) announced the results of the votes at its

annual and special meeting of holders of common shares held today in

Toronto

.

Election of Directors

All of the nominee directors listed in LIORC's management information circular dated

April 19, 2018

were elected as directors of LIORC. The

vote was conducted by a show of hands. The number of common shares voted by proxy for the election of each director or withheld was as

indicated below:

Votes For

% Votes For

Votes Withheld

% Withheld

William J. Corcoran

34,322,352

95.37

1,664,787

4.63

Mark J. Fuller

33,634,416

93.46

2,352,723

6.54

Duncan N. R. Jackman

25,199,324

70.02

10,787,815

29.98

James C. McCartney

31,585,206

87.77

4,401,933

12.23

William H. McNeil

34,761,030

96.59

1,226,109

3.41

Sandra L. Rosch

30,483,017

84.71

5,504,122

15.29

John F. Tuer

34,976,744

97.19

1,010,395

2.81

Patricia M. Volker

34,745,580

96.55

1,241,559

3.45

Shareholders Rights Plan

A resolution that (i) approves, ratifies and confirms the adoption by the board of directors of LIORC of a shareholder rights plan by entering into a

shareholder rights plan agreement dated

April 18, 2018

between LIORC and Computershare Investor Services Inc., as rights agent, as amended

and restated on

May 2, 2018

, and (ii) authorizes an amendment to the articles of LIORC to permit the issuance of common shares in accordance

with any shareholder rights plan then in effect was approved by the holders of common shares.

Final results on all matters voted at the annual and special meeting will be filed shortly with the Canadian securities regulators.

SOURCE

Labrador Iron Ore Royalty Corporation

View original content: http://www.newswire.ca/en/releases/archive/May2018/16/c8798.html

%SEDAR: 00030172E

For further information:

William H. McNeil, President & Chief Executive Officer, Phone: (416) 863-7133, Email:

[email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 15:00e 16-MAY-18