Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Income Fund - Fund to receive dividend

August 28, 2008

TORONTO, Aug. 28 /CNW/ - Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company of Canada today declared a dividend payable on September 25, 2008. The amount to be received by the Fund is U.S. $75.5 million or approximately Cdn. $79.3 million, equating to Cdn. $2.48 per unit.

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