Dec. 10, 2010 (Canada NewsWire Group) --

TORONTO, Dec. 10 /CNW/ - The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash distribution of $0.50 per Stapled Unit, comprising a $0.234 interest payment on subordinated notes and a $0.266 common share dividend. The Directors also declared a special dividend of $1.50 per common share for a total distribution of $2.00 per Stapled Unit. All amounts are payable to holders of record at the close of business on December 31, 2010 and to be paid on January 25, 2011.

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