TORONTO, Dec. 7, 2011 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash distribution of $0.25 per Stapled Unit, comprising a $0.117 interest payment on subordinated notes and a $0.133 common share dividend. The Directors also declared a special dividend of $0.125 per common share for a total distribution of $0.375 per Stapled Unit. All amounts are payable to holders of record at the close of business on December 31, 2011 and to be paid on January 25, 2012.

For further information:

Bruce C. Bone
President & Chief Executive Officer
(416) 863-7133
E-mail- investor.relations@labradorironore.com