LIF.TO · 2020-09-15 12:00:00

Labrador Iron Ore Royalty Corporation Cash Dividends for the Third Quarter of 2020 $0.45 per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.20

Corporate Actions

Labrador Iron Ore Royalty Corporation Cash

Dividends for the Third Quarter of 2020

$0.45

per Common Share Comprised of a Regular Dividend of

$0.25

and a Special Dividend of

$0.20

TORONTO

Sept. 15, 2020

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

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

$0.25

per Common

Share. The Directors also declared a special dividend of

$0.20

per Common Share for total

dividends of

$0.45

per Common Share. All amounts are payable to holders of record at the close of

business on

September 30, 2020

and to be paid on

October 25, 2020

Iron Ore Company of Canada Dividend

The Corporation announced that Iron Ore Company of

Canada

has not declared a dividend for the

quarter ending

September 30, 2020

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/September2020/15/c2730.html

%SEDAR: 00030172E

For further information:

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

CO: Labrador Iron Ore Royalty Corporation

CNW 19:22e 15-SEP-20