Date Closed

October 8, 2008

Lead Office

Toronto

Value

50.00 million CAD

On 8 October 2008, Labrador Mining Company Limited completed an extended and amended $50 million credit facility with The Bank of Nova Scotia. The facility is available for Labrador Mining's general corporate purposes. Labrador Mining is a wholly-owned subsidiary of Labrador Iron Ore Royalty Income Fund. The Fund receives a 7% royalty on all iron ore products sold by Iron Ore Company of Canada and also owns 15.1% of the equity of IOC.