Labrador Iron Ore Royalty Corporation (TSX: LIF) - IOC Management Changes

Labrador Iron Ore Royalty Corporation (TSX:

LIF) - IOC Management Changes

TORONTO

,

Aug. 16, 2021

/CNW/ - Iron Ore Company of

Canada

(IOC) today announced the

appointment of Mike McCann as President and Chief Executive Officer of IOC, effective September

20, 2021.

Mike is a highly experienced business leader with 30 years of operational experience in the mining

and processing industry. Mike was previously the Head of Strategic Business Projects at Vale's

Base Metals division, where he helped advance the development of new assets, create new joint

ventures, and contribute to the business's overall strategy. He has also overseen large and complex

mining and processing operations in the North Atlantic region and internationally in the UK,

Japan

and

China

. Mike currently sits as Board Chair for the Ontario Mining Association.

As part of his new role, Mike will also assume the role of Chairperson of the board of directors of

IOC. Donald Tremblay, who had assumed the interim role of President and CEO returns to his role

as CFO.

The management and directors of Labrador Iron Ore Royalty Corporation would like to congratulate

Mike on his appointment and look forward to working with him as the new leader of a talented team

at IOC.

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/August2021/16/c7923.html

%SEDAR: 00030172E

For further information:

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

mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 14:28e 16-AUG-21