NYSE-A:ROY
    TSX:IRC

DENVER, CO, Aug. 17 /PRNewswire-FirstCall/ - International Royalty Corporation (NYSE-A: ROY, TSX: IRC) is pleased to report that its Board of Directors declared a dividend on August 13, 2009 of US$0.02 per share. Based on IRC's 94,695,356 current shares outstanding, the total annual dividend will approximate US$3.8 million. The dividend is payable to shareholders of record on September 11, 2009 and will be paid on or about September 28, 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,
    INTERNATIONAL ROYALTY CORPORATION

    Douglas B. Silver
    Chairman and CEO

SOURCE INTERNATIONAL ROYALTY CORPORATION