Labrador Iron Ore Royalty Income Fund - Cash Distribution for the Third Quarter of 2008 - $3.00 per Trust Unit

September 11, 2008

TORONTO, Sept. 11 /CNW/ - The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular quarterly cash distribution of $0.50 per Trust Unit and a special distribution of $2.50 per Trust Unit payable to holders of record at the close of business on September 30, 2008 and to be paid on October 24, 2008.

For tax purposes, the income from the cash distribution of $3.00 per Trust Unit will be considered to be:

-   Interest income of $0.25
-   Dividend income of $2.75

%SEDAR: 00002722E


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