NYSE-A: ROY TSX: IRC DENVER, CO, Dec. 7 /PRNewswire-FirstCall/ -- International Royalty Corporation (NYSE-A:ROY, TSX: IRC) ("IRC") announced today that it has been informed of the intention of Franco-Nevada Corporation to, directly or indirectly through a wholly-owned subsidiary, make a formal all-cash offer to IRC shareholders to acquire any or all of the outstanding common shares of IRC for C$6.75 cash per share. IRC's board of directors will be meeting with its legal and financial advisors to consider an appropriate response to Franco-Nevada Corporation's intention regarding the offer and the board will communicate further with IRC's securityholders in due course. International Royalty Corporation International Royalty Corporation (IRC) is a global mineral royalty company. IRC holds 84 royalties including an effective 2.7% NSR on the Voisey's Bay mine, a sliding scale NSR on the Chilean portion of the Pascua-Lama project, a 1.5% NSR on the Las Cruces project 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 Amex (NYSE-A:ROY). On behalf of the Board of Directors, INTERNATIONAL ROYALTY CORPORATION Douglas B. Silver Chairman and CEO DATASOURCE: INTERNATIONAL ROYALTY CORPORATION CONTACT: Jack Perkins, Director of Investor Relations: (303) 991-9500; Douglas B. Silver, Chairman and CEO: (303) 799-9020; ; http://www.internationalroyalty.com/; Renmark Financial Communications Inc.: Barbara Komorowski, , (514) 939-3989, Fax: (514) 939-3717; http://www.renmarkfinancial.com/

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