International Royalty declares dividend



    NYSE-A:ROY
    TSX:IRC

    DENVER, CO, Feb. 27 /CNW Telbec/ - International Royalty Corporation
(NYSE-A: ROY, TSX: IRC) is pleased to report that its Board of Directors
declared a dividend on February 26, 2009 of US$0.02 per share. The dividend is
payable to shareholders of record on March 13, 2009 and will be paid on or
about March 31, 2009.

    International Royalty Corporation
    ---------------------------------

    International Royalty Corporation (IRC) is a global mineral-royalty
company. IRC holds more than 85 royalties including an effective 2.7% NSR on
the Voisey's Bay mine, a sliding-scale NSR on the Pascua gold project in
Chile, a 1.5% NSR on the Las Cruces copper project in Spain and a 1.5% NSR on
approximately 3.0 million acres of gold lands in Western Australia. IRC is
senior listed on the Toronto Stock Exchange (TSX:IRC) as well as the NYSE
Alternext U.S. (NYSE-A:ROY).

    On behalf of the Board of Directors,
    INTERNATIONAL ROYALTY CORPORATION

    Douglas B. Silver
    Chairman and CEO




For further information:

For further information: Jack Perkins, Director of Investor Relations,
(303) 991-9500; Douglas B. Silver, Chairman and CEO, (303) 799-9020,
info@internationalroyalty.com; www.internationalroyalty.com; Renmark Financial
Communications Inc.: Barbara Komorowski, bkomorowski@renmarkfinancial.com;
Christine Stewart, cstewart@renmarkfinancial.com; (514) 939-3989, Fax: (514)
939-3717; www.renmarkfinancial.com

Organization Profile

INTERNATIONAL ROYALTY CORPORATION

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