Mr. John Tuer reports

LABRADOR IRON ORE ROYALTY CORPORATION (TSX:LIF) - RIO TINTO RELEASES IOC PRODUCTION AND SALES INFORMATION

Rio Tinto has released its quarterly operational report for the third quarter ended Sept. 30, 2026, which included Labrador Iron Ore Royalty Corp.'s Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that, in the third quarter of 2026, IOC had total saleable iron ore production of 3.81 million tonnes, composed of 2.46 million tonnes of pellets and 1.34 million tonnes of concentrate for sale. Rio Tinto also announced that IOC had total iron ore sales in the third quarter of 2026 of 3.78 million tonnes, composed of 2.61 million tonnes of pellets and 1.17 million tonnes of CFS. Please note that the IOC sales tonnages are calculated slightly differently for Labrador Iron Ore's royalty.

Comparisons with prior quarters and Rio Tinto's commentary on the changes can be found in Rio Tinto's quarterly operational report, which is posted on its website.

Labrador Iron Ore will be releasing its full third quarter report after the market close on Nov. 4, 2026.

About Labrador Iron Ore Royalty Corp.

The corporation holds a 15.10-per-cent equity interest in IOC directly and through its wholly owned subsidiary, Hollinger-Hanna Ltd., and receives a 7-per-cent gross overriding royalty on all iron ore products produced, sold and shipped by IOC and a 10-cent-per-tonne commission on all iron ore products produced and sold by IOC.

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