International Royalty declares dividend

    AMEX:  ROY

    DENVER, CO, March 6 /CNW Telbec/ - International Royalty Corporation
(AMEX:   ROY, TSX: IRC) is pleased to report that its Board of Directors
declared a dividend on February 29, 2008 of US$0.015 per share. The dividend
is payable to shareholders of record on March 14, 2008 and will be paid on or
about March 31, 2008.

    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: bkomorowski@;
Melanie Lecavalier: mlecavalier@, (514) 939-3989, Fax:
(514) 939-3717,

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