P R E S S R E L E a S E Cash Dividend FOR the Second Quarter of 2026 - $0.30 per Common Share

PO Box 957, 31 Adelaide St. E, Toronto, Ontario M5C 2K3 Tel : (416) 362-0066

LABRADOR IRON ORE ROYALTY CORPORATION

P R E S S R E L E A S E

CASH DIVIDEND FOR THE SECOND QUARTER OF 2026 - $0.30 PER COMMON SHARE

Toronto, June 16, 2026

The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX:LIF) declared today

a quarterly cash dividend of $0.30 per Common Share. The dividend is payable to holders of record

at the close of business on June 30, 2026 and is to be paid on July 29, 2026.

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 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]