Labrador Iron Ore Royalty Income Fund - Cash Distribution for the Second Quarter of 2010 - $0.50 per Trust Unit and Special Dividend - $0.25 per Trust Unit

June 8, 2010

For tax purposes, the income from the cash distribution of $0.75 per Trust Unit will be considered to be:

- Interest income of $0.199

- Dividend income of $0.551

%SEDAR: 00002722E

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