Labrador Iron Ore Royalty Corporation Announces Results of Election of Directors

TORONTO, May 16, 2023 /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 hybrid meeting conducted virtually and in person.

The following nominee directors listed in the Corporation's management information circular dated April 10, 2023 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	23,044,140	93.37 %	1,636,860	6.63 %
Douglas F. McCutcheon	23,547,618	95.41 %	1,133,382	4.59 %
Dorothea E. Mell	23,544,310	95.39 %	1,136,690	4.61 %
William H. McNeil	18,647,305	75.55 %	6,033,695	24.45 %
Sandra L. Rosch	22,750,680	92.18 %	1,930,320	7.82 %
John F. Tuer	23,783,894	96.37 %	897,106	3.63 %
Patricia M. Volker	20,433,832	82.79 %	4,247,168	17.21 %

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

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