Labrador Iron Ore Royalty Income Fund - Fund to receive dividend

August 30, 2007

TORONTO, Aug. 30 /CNW/ - Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company of Canada today declared a dividend payable in two instalments on September 30, 2007 and November 30, 2007. The amounts to be received by the Fund are U.S. $11.3 million or approximately Cdn. $12.1 million, equating to Cdn. $0.38 per unit, on September 30, 2007 and U.S. $7.6 million or approximately Cdn. $8.0 million, equating to Cdn. $ 0.25 per unit, on November 30, 2007.

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