Mr. David Cole reports

ELEMENTAL ROYALTY DECLARES MAIDEN MARCH DIVIDEND AND DIVIDEND ELECTION ALTERNATIVE FOR TETHER GOLD XAUT TOKENS

Elemental Royalty Corp.'s board of directors has declared the maiden dividend of three U.S. cents per common share in the capital of the company, with the intention to declare subsequent dividends at the end of each fiscal quarter, aggregating to 12 U.S. cents per common share for the 2026 fiscal year.

The dividend will be paid to holders of record of common shares as of the close of business (4:30 p.m. Eastern Time) on March 31, 2026, and will be distributed on or about April 15, 2026. The dividend qualifies as an eligible dividend for Canadian income tax purposes. The declaration, timing, amount and payment of future dividends remain at the discretion of the board of directors of the company.

Elemental is also pleased to announce a dividend election alternative under which duly qualified registered holders of common shares may elect to have cash dividends otherwise payable to them, net of applicable of expenses and withholding taxes, delivered in Tether gold XAU tokens.

In connection with this dividend and any subsequent dividends, duly qualified registered holders of common shares will be able to make an election under the dividend election alternative. A summary of the eligibility criteria for participation in, and details of the administration of, the dividend election alternative is set out herein, and reference should also be made to the company's website for a more detailed description of the dividend election alternative, including associated risk factors. Shareholders are encouraged to review the dividend election document carefully before making an election.

David M. Cole, chief executive officer of Elemental Royalty, commented: "This dividend policy marks an historic milestone for Elemental, representing the world's first dividend in kind to be distributed in Tether gold (XAU) tokens. As innovators in this space, we are proud to offer shareholders a modern, practical mechanism for receiving gold-denominated investment returns, thereby combining digital asset efficiency with exposure to the enduring value of physical gold through the royalty model."

Eligibility to participate

Only registered institutional holders of common shares -- being institutional shareholders whose common shares are registered in their own names on the register maintained by the company's transfer agent, and not in the name of a broker or other intermediary -- will be eligible to participate in the dividend election alternative. Beneficial holders of common shares will not be recognized as registered shareholders for the purposes of making an election.

Registered shareholders must have a digital wallet on the Ethereum Mainnet (and not on any other blockchain, including not on any blockchain that is only EVM-compatible) that provides the necessary support for holding Tether gold tokens (which should be confirmed with the wallet provider) to participate in the dividend election alternative.

While the company intends to seek to expand the scope of the dividend election alternative, for the company's inaugural dividend and, unless otherwise determined by the company, for subsequent dividends, participation in the dividend election alternative will be limited to qualifying institutional registered holders of common shares who are otherwise legally permitted to receive Tether gold tokens and who satisfy the requirements set out in the dividend election document and election form.

Participation in the dividend election alternative will remain subject to applicable law, including laws relating to anti-money laundering, anti-terrorist financing, sanctions, and other legal or regulatory requirements in the relevant jurisdiction. The company reserves the right to reject any election or decline delivery of Tether gold tokens where the company determines, in its sole discretion, that participation or delivery would not be lawful or would expose the company to legal or regulatory risk.

Process to elect

Registered shareholders wishing to participate in the dividend election alternative must properly elect in writing to have their dividends delivered in Tether gold tokens by completing and signing the attached election form. The election form must be delivered to the company in Vancouver, B.C., by no later than three business days prior to the applicable record date. For the first dividend, properly completed and signed election forms must be received by the company no later than March 26, 2026.

If an election is not properly completed and received by the applicable deadline, or if the shareholder does not satisfy the applicable participation criteria as of the relevant record date, the shareholder will receive its dividend in cash, subject to applicable withholding taxes.

To make a valid election, a participating shareholder will be required to provide, among other things:

• Its name;
• The number of common shares in respect of which the election is made;
• Certificate number and/or direct registration system identifier;
• A valid wallet address capable of receiving Tether gold tokens on the Ethereum Mainnet.

Administration of the dividend election alternative

Commencing with the March record date, the company will determine the dollar value of dividends to be paid on common shares owned by each electing participant, net of any expenses and applicable withholding taxes, and an equivalent value of Tether gold tokens will be delivered to the electing participant's wallet.

Applicable withholding taxes will be paid by the company to Computershare, the company's transfer agent, which will report and remit such withholdings.

The equivalent value of Tether gold tokens will be calculated by dividing the dollar value of dividends to be paid on common shares owned by each electing participant, net of any expenses and applicable withholding taxes, by the daily per-ounce LBMA gold price (PM) in U.S. dollars as quoted by the London Bullion Market Association for refined gold for the last trading day immediately prior to the record date. The corporation holds the Tether gold tokens that will be delivered to electing participants though an institutional account with Anchorage Digital Bank NA. If additional information is required to deliver Tether gold tokens to any electing participant, the corporation may require the electing shareholder to provide such information to facilitate delivery thereof.

Please see the election form. For a more detailed description of the dividend election alternative, please see the dividend election document, available at the company's website.

About Elemental Royalty Corp.

Elemental is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 18 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the company combines Elemental Altus's record of accretive royalty acquisitions with EMX's strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production and sector-leading management expertise.

Elemental trades on the TSX Venture Exchange and on Nasdaq under the ticker symbol ELE.

We seek Safe Harbor.