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Press release from CNW Group

Iron Ore Company of Canada Dividend

Thursday, September 08, 2011

Iron Ore Company of Canada Dividend16:18 EDT Thursday, September 08, 2011TORONTO, Sept. 8, 2011 /CNW/ - Labrador Iron Ore Royalty Corporation (the "Corporation") announced that Iron Ore Company of Canada (IOC) has declared a dividend payable on September 27, 2011. The Corporation's portion is U.S. $30,200,000 or about CDN. $29.8 million (CDN. $0.47 per unit).For further information: Bruce C. Bone President & Chief Executive Officer (416) 863-7133