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Press release from CNW Group

Cash Distribution for the Second Quarter of 2012 - $0.375 Per Stapled Unit Comprised of a Regular Distribution of $0.25 and a Special Dividend of $0.125

Tuesday, June 12, 2012

Cash Distribution for the Second Quarter of 2012 - $0.375 Per Stapled Unit Comprised of a Regular Distribution of $0.25 and a Special Dividend of $0.12516:40 EDT Tuesday, June 12, 2012TORONTO, June 12, 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 June 30, 2012 and to be paid on July 25, 2012.For further information: Bruce C. Bone President & Chief Executive Officer (416) 863-7133 E-mail- investor.relations@labradorironore.com