Labrador Iron Ore Royalty Corporation Announces Results of Election of Directors

TORONTO, May 16, 2024 /CNW/ - Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) announced the results of the election of directors at its annual and special meeting of holders of common shares held today by way of a hybrid meeting conducted virtually and in person.

The following nominee directors listed in the Corporation's management information circular dated April 8, 2024 were elected as directors of the Corporation. The vote was conducted by ballot online and in person. The number of common shares voted for or against the election of each director was as indicated below:

	Votes For		Votes Against
	Number	Percent	Number	Percent
Mark J. Fuller	24,489,774	72.47 %	9,304,398	27.53 %
Douglas F. McCutcheon	33,476,269	99.06 %	317,903	0.94 %
Dorothea E. Mell	33,481,535	99.07 %	312,637	0.93 %
William H. McNeil	30,729,278	90.93 %	3,064,894	9.07 %
Sandra L. Rosch	32,083,243	94.94 %	1,710,930	5.06 %
John F. Tuer	33,352,457	98.69 %	441,716	1.31 %
Patricia M. Volker	30,906,086	91.45 %	2,888,086	8.55 %

Final results on all matters voted at the annual and special 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 on all iron ore products produced, sold and shipped by IOC and a 10 cent per tonne commission on all iron ore products produced and sold by IOC.

SOURCE Labrador Iron Ore Royalty Corporation

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