Labrador Iron Ore Royalty Corporation - Committee Change

TORONTO, May 9, 2016 /CNW/ - On February 24, 2016, the Board of Directors of Labrador Iron Ore Royalty Corporation designated William H. McNeil as the successor to Bruce C. Bone as President and CEO with effect on September 1, 2016. Mr. McNeil was intending to step down as a member of the Audit, Compensation and Nominating Committees immediately following the Annual Meeting on May 27, 2016. However, a question has come up as to whether it is appropriate for him to continue as a member of the Committees in the interim. Accordingly, Mr. McNeil resigned from the three Committees on May 7, 2016.

SOURCE Labrador Iron Ore Royalty Corporation

For further information: William J. Corcoran, Chairman of the Board, (416) 863-7133, E-mail- investor.relations@labradorironore.com

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