International Royalty declares dividend


    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,

    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,;
Christine Stewart,; (514) 939-3989, Fax: (514)

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