Mr. William McNeil reports

CASH DIVIDENDS FOR THE FOURTH QUARTER OF 2018 - $0.60 PER COMMON SHARE COMPRISED OF A REGULAR DIVIDEND OF $0.25 AND A SPECIAL DIVIDEND OF $0.35

The directors of Labrador Iron Ore Royalty Corp. declared today a regular quarterly cash dividend of 25 cents per common share. The directors also declared a special dividend of 35 cents per common share for total dividends of 60 cents per common share. All amounts are payable to holders of record at the close of business on Dec. 31, 2018, and to be paid on Jan. 25, 2019.

Iron Ore Company of Canada dividend

Iron Ore Company of Canada declared and paid a dividend on Dec. 13, 2018. The corporation's portion is $18,875,000 (U.S.) or about $25-million (Canadian) (40 Canadian cents per share).