George Young resigns from International Royalty Corporation

    AMEX:  ROY

    DENVER, CO, Feb. 22 /CNW Telbec/ - International Royalty Corporation
(AMEX:   ROY; TSX: IRC) (the "Company") announced today that George Young has
resigned as a Director and Vice President of the Company, effective
January 31, 2008, to pursue other ventures.

    International Royalty Corporation

    International Royalty Corporation (IRC) is a global mineral royalty
company. IRC holds over 75 royalties including an effective 2.7% NSR on the
Voisey's Bay mine, a sliding-scale NSR on the Pascua gold project, and a 1.5%
NSR on more than 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 American
Stock Exchange (AMEX:   ROY ).

    On behalf of the Board of Directors,

    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,,; Renmark Financial
Communications Inc.: Barbara Komorowski,;
Melanie Lecavalier,; (514) 939-3989, Fax:
(514) 939-3717,

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