Alan Thomas

Labrador Iron Ore Royalty Income Fund is limited purpose trust .The Fund through its wholly-owned subsidiaries, Labrador Mining Company Limited ('Labmin') and Hollinger-Hanna Limited ('Hollinger-Hanna'), holds a 15.10% equity interest in Iron Ore Company of Canada ('IOC') and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Iron Ore Co. manufactures and supplies iron ore pellets and concentrates for steel producers. It operates a mine, a concentrator, and a pelletizing plant. The company was founded in 1949 and is located in Montreal, QC.

Teranga Gold Corp. was an exploration company, which engaged in the production, exploration, and development of mineral properties. It focused on gold assets of Sabodala Mine. The company was founded on October 1, 2010 and was headquartered in Toronto, Canada.

Noranda, Inc. produces and distributes copper, zinc, lead, gold, silver, selenium, tellurium, zinc & molybdenite concentrates, fluorspar, bismuth and phosphate with investments in fully-integrated zinc and aluminum assets. The Company's primary focus is the identification and development of world-class copper and nickel mining deposits. The company is headquartered in Toronto, Canada.

Tritec Power Systems Ltd. is a Canadian company that manufactures and distributes engines, motors, and power trains.