GOLD ROYALTY ACQUIRES 12 NEW ROYALTIES IN THE PROLIFIC ABITIBI GREENSTONE BELT AND ENTERS AGREEMENTS TO GENERATE FUTURE ROYALTIES

DESIGNATED NEWS RELEASE

VANCOUVER, BC, Dec. 2, 2022 /CNW/ – Gold Royalty Corp. (“Gold Royalty” or the “Firm“) (NYSE American: GROY) is happy to announce that it has entered into an settlement with Val-d’Or Mining Company (TSXV: VZZ) (“Val-d’Or Mining“) to promote and generate royalties on 12 potential properties in Québec and Ontario (the “VZZ Settlement“). Beneath the VZZ Settlement, the Firm may even retain a proper of first refusal (“ROFR“) on any royalty or related curiosity offered by Val-d’Or Mining.

Gold Royalty has additionally entered right into a strategic alliance with Worldwide Prospect Ventures Ltd. (TSXV: IZZ) (“Worldwide Prospect Ventures“) offering the Firm with a ROFR on any royalty or related curiosity offered by Worldwide Prospect Ventures in Australia (the “IZZ Settlement“). The strategic alliance additionally features a royalty referral association which can present Gold Royalty with the chance to accumulate sure royalties recognized by Worldwide Prospect Ventures in Australia.

The VZZ Settlement:

Gold Royalty will divest the mineral rights and pursuits to Val-d’Or Mining and retain a 0.5% to 1.0% web smelter return (“NSR“) royalty on the next properties situated in Québec and Ontario: Bogside, Bogside NW, Cheechoo B East, Island 27, Matachewan, Munro, North Contact, Recession Larder, Riverside, Sharks, Smokehead and Titanic (collectively the “Exploration Portfolio”).
Gold Royalty will assign to Val-d’Or Mining all rights, title, obligations and pursuits below the choice settlement between a subsidiary of Gold Royalty and Eldorado Gold (Québec) Inc. (“Eldorado”) dated October 8, 2021. Gold Royalty will divest the mineral rights and pursuits to Val-d’Or Mining and, topic to sure closing situations, together with however not restricted to consent of the task from Eldorado, will retain rights to a 1.5% NSR royalty on all properties topic to three way partnership agreements consisting of the Claw Lake, Prepare dinner Lake and Murdoch Creek properties in Ontario and the Perestroika Prospect in Québec (collectively the “JV Exploration Portfolio”).
Gold Royalty will retain a ROFR on any royalty or related curiosity that Val D’Or Mining intends to promote, switch or in any other case get rid of. The ROFR is topic to Gold Royalty and its associates holding a minimum of 10% of the excellent widespread shares of Val-d’Or Mining. Gold Royalty presently owns 35% of the excellent widespread shares of Val-d’Or Mining.
The transactions contemplated by the VZZ Settlement are topic to customary closing situations.

The IZZ Settlement:

Gold Royalty has additionally entered right into a strategic alliance with Worldwide Prospect Ventures offering the Firm with a ROFR on any royalty or related curiosity offered by Worldwide Prospect Ventures in Australia. The strategic alliance additionally features a royalty referral association which can present Gold Royalty with the chance to accumulate sure royalties recognized by Worldwide Prospect Ventures in Australia in consideration for which the Worldwide Prospect Ventures will retain an curiosity within the underlying royalty on a carried-basis. The strategic alliance, together with the royalty referral association and ROFR, are topic to to Gold Royalty and its associates holding a minimum of 10% of the excellent widespread shares of Worldwide Prospect Ventures. Gold Royalty presently owns 11% of the excellent widespread shares of Worldwide Prospect Ventures.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty firm providing artistic financing options to the metals and mining trade. Its mission is to spend money on high-quality, sustainable, and accountable mining operations to construct a diversified portfolio of treasured metals royalty and streaming pursuits that generate superior long-term returns for our shareholders. Gold Royalty’s diversified portfolio presently consists primarily of web smelter return royalties on gold properties situated within the Americas.

Cautionary Assertion on Ahead-Trying Info:

Sure of the knowledge contained on this information launch constitutes ‘forward-looking info’ and ‘forward-looking statements’ throughout the which means of relevant Canadian and U.S. securities legal guidelines (“forward-looking statements”), together with however not restricted to statements relating to expectations relating to the completion of the transactions disclosed herein and the anticipated advantages thereof. Such statements may be typically recognized by means of phrases akin to “could”, “will”, “anticipate”, “intend”, “imagine”, “plans”, “anticipate” or related phrases. Ahead-looking statements are based mostly upon sure assumptions and different vital components, together with assumptions of administration relating to the flexibility of the events to fulfill the situations to the completion of the transaction disclosed herein. Ahead-looking statements are topic to numerous dangers, uncertainties and different components which can trigger the precise outcomes to be materially completely different from these expressed or implied by such forward-looking statements together with, amongst others, the flexibility of the events to fulfill the situations to the transaction, any incapacity of the Firm to comprehend the anticipated advantages of the transaction disclosed herein and different components set forth within the Firm’s Annual Report on Kind 20-F for the yr ended September 30, 2021 and its different publicly filed paperwork below its profiles at www.sedar.com and www.sec.gov. Though the Firm has tried to determine vital components that might trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm doesn’t undertake to replace any forward-looking statements, besides in accordance with relevant securities legal guidelines.