International Royalty Corporation declares dividend

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
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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

Jack Perkins, Director of Investor Relations, (303) 991-9500; Douglas B.
Silver, Chairman and CEO, (303) 799-9020, info@internationalroyalty.com;
www.internationalroyalty.com; Renmark Financial Communications Inc.: Barbara
Komorowski, bkomorowski@renmarkfinancial.com; Christine Stewart,
cstewart@renmarkfinancial.com, (514) 939-3989, (416) 644-2020;
www.renmarkfinancial.com