Responds to Questions

Labrador Iron Ore Royalty Corporation

Responds to Questions

TORONTO

,

Feb. 6, 2019

/CNW/ - In response to certain questions raised by shareholders, the

directors of Labrador Iron Ore Royalty Corporation (the "Corporation") wish to indicate that they

have no intention of calling a special meeting on or before the upcoming AGM nor is a further special

meeting currently contemplated. The intention to call a special meeting was announced by the

directors of the Corporation on June 18, 2018 to, among other things, amend the articles of

incorporation and was deferred on

November 7, 2018

. The Directors also want to clarify that they

have no intention of making an acquisition without shareholder approval.

The Directors take into account the interests of all shareholders in acting in the long-term best

interests of the Corporation and maximizing shareholder value. The Corporation has generally paid

out cash dividends to the maximum extent possible. However, there have been times where the

Directors have determined that it has been appropriate to draw down on its cash reserves and other

times where it has been prudent to build cash reserves back up. The Directors anticipate continuing

to return cash to shareholders to the maximum extent possible, subject to the adjustments referred

to above.

SOURCE

Labrador Iron Ore Royalty Corporation

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http://www.newswire.ca/en/releases/archive/February2019/06/c7299.html

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For further information:

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

E-mail- [email protected]

CO: Labrador Iron Ore Royalty Corporation

CNW 17:08e 06-FEB-19