Labrador Iron Ore Royalty Income Fund - Cash Distribution for the Second Quarter of 2009 - $0.50 per Trust Unit

June 11, 2009

TORONTO, June 11 /CNW/ - The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a cash distribution for the second quarter of 2009 of $0.50 per Trust Unit payable to holders of record at the close of business on June 30, 2009 and to be paid on July 25, 2009.

For tax purposes, the income from the cash distribution of $0.50 per Trust
Unit will be considered to be:

-   Interest income of $0.25
-   Dividend income of $0.25

%SEDAR: 00002722E

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