Ms. Jonida Zaganjori reports

LITHIUM ROYALTY CORP. ANNOUNCES RECEIPT OF FINAL COURT APPROVAL FOR PLAN OF ARRANGEMENT WITH ALTIUS MINERALS CORPORATION

Lithium Royalty Corp. has obtained a final order from the Ontario Superior Court of Justice, commercial list, approving the previously announced plan of arrangement under the Canada Business Corporations Act, whereby Altius Minerals Corp. will acquire all of the outstanding common shares and convertible common shares of LRC for a choice of consideration per share of either, (i) 0.240 common shares of Altius, (ii) $9.50 in cash or (iii) if no choice is made, 0.160 common share of Altius and $3.166666 in cash. Receipt of the final order follows the company's special meeting of shareholders held on Feb. 26, 2026, where the arrangement was overwhelmingly approved by the shareholders of the company.

Subject to the satisfaction or waiver of customary closing conditions in the arrangement agreement dated Dec. 21, 2025, the parties currently anticipate that the closing of the arrangement will occur on or about March 6, 2026.

Following completion of the arrangement, it is anticipated that the common shares of the Company will be de-listed from the Toronto Stock Exchange, and the company will apply to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer under applicable Canadian securities laws.

Full details of the arrangement and certain other matters are set out in the company's management information circular dated Jan. 23, 2026, which has been filed under its issuer profile on SEDAR+.

About Lithium Royalty Corp.

LRC is a lithium-focused royalty company organized in Canada.

We seek Safe Harbor.