Labrador Iron Ore Royalty Income Fund - Cash Distribution for the Third Quarter of 2007 - Regular Distribution of $0.35 per Trust Unit plus Special Distribution of $0.35 per Trust Unit

September 14, 2007

TORONTO, Sept. 14 /CNW/ - The Trustees of The Labrador Iron Ore Royalty Income Fund declared today a regular cash distribution for the third quarter of 2007 of $0.35 per Trust Unit and a special distribution of $0.35 payable to holders of record at the close of business on September 28, 2007 and to be paid on October 25, 2007.

For tax purposes, the income from the cash distribution of $0.70 per Trust Unit will be considered to be:

-   Interest income of $0.25
-   Dividend income of $0.45

%SEDAR: 00002722E


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