International Royalty appoints Paul Zink as President

    AMEX:  ROY

    DENVER, CO, March 31 /CNW Telbec/ - Douglas B. Silver, Chairman and CEO
of International Royalty Corporation (AMEX:   ROY, TSX: IRC) (the "Company" or
"IRC") is pleased to announce the expansion of its management team with the
appointment of Paul H. Zink as President. Mr. Zink has over 30 years
experience in finance, mining and equity research. Mr. Zink most recently held
the positions of Senior Investment Analyst and Managing Director at the Denver
based, privately held investment firm, Republic Financial Corporation. His
experience includes serving as Chief Financial Officer at Koch Mineral
Services, Chief Credit Officer at Koch Industries, Director of Corporate
Development at Pegasus Gold, Inc. and as Vice President of Mining and Metals
Equity Research at JP Morgan & Co.
    Mr. Zink's compensation package includes a grant of 100,000 stock

    International Royalty Corporation

    International Royalty Corporation (IRC) is a global mineral royalty
company. IRC holds over 80 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 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:; Jen
Power:, (514) 939-3989, Fax: (514) 939-3717,

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