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Press release from CNW Group

Labrador Iron Ore Royalty Corporation - Cash Distribution for the First Quarter of 2012 - $0.25 Per Stapled Unit and Special Dividend - $0.125 Per Stapled Unit

Monday, February 27, 2012

Labrador Iron Ore Royalty Corporation - Cash Distribution for the First Quarter of 2012 - $0.25 Per Stapled Unit and Special Dividend - $0.125 Per Stapled Unit17:28 EST Monday, February 27, 2012TORONTO, Feb. 27, 2012 /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 March 31, 2012 and to be paid on April 25, 2012.For further information: Bruce C. Bone President & Chief Executive Officer (416) 863-7133 E-mail- investor.relations@labradorironore.com