Labrador Iron Ore Royalty Corporation Announces Results of Election of Directors

Toronto, May 12, 2022 /CNW/ - Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) announced the results of the election of directors at its annual meeting of holders of common shares held today by way of a virtual meeting.

The following nominee directors listed in the Corporation's management information circular dated April 8, 2022 were elected as directors of the Corporation. The vote was conducted by electronic ballot. The number of common shares voted for the election of each director or withheld was as indicated below:

	Votes For		Votes WIthheld
	Number	Percent	Number	Percent
Mark J. Fuller	27,035,790	80.41%	6,587,300	19.59%
Douglas F. McCutcheon	32,722,882	97.32%	900,208	2.68%
Dorothea E. Mell	32,744,969	97.39%	878,121	2.61%
William H. McNeil	26,306,339	78.24%	7,316,751	21.76%
Sandra L. Rosch	32,164,780	95.66%	1,458,310	4.34%
John F. Tuer	32,864,932	97.75%	758,158	2.25%
Patricia M. Volker	29,319,664	87.20%	4,303,426	12.80%

Final results on all matters voted at the annual meeting will be filed shortly with the Canadian securities regulators.

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in Iron Ore Company of Canada ("IOC") directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

SOURCE Labrador Iron Ore Royalty Corporation

John F. Tuer, President & Chief Executive Officer, [phone], E-mail- [email protected]