Mr. Adam Lundin reports

LUNR ROYALTIES ANNOUNCES AGSM VOTING RESULTS INCLUDING SHAREHOLDER APPROVAL OF THE FRUTA DEL NORTE TRANSACTION

Lunr Royalties Corp. has released the voting results from its 2026 annual general and special meeting of shareholders. A total of 51,920,578 common shares were voted at the meeting, representing 73.77 per cent of the votes attached to all outstanding common shares as of the record date of April 7, 2026. Consistent with the company's recommendations, shareholders voted in favour of all items of business considered at the meeting, as follows.

President, chief executive officer and chair Adam Lundin commented: "Firstly, I would like to welcome Tara and Armando to Lunr's board of directors. They bring highly complementary experience and valuable insight that will enhance the board's ability to provide strong guidance as Lunr continues to become a significant player in the royalty and streaming space. Additionally, with shareholder approval granted, we are pleased to proceed towards closing the FDN transaction. The stream is anticipated to provide meaningful cash flow that will accelerate Lunr's growth prospects."

FDN transaction update

As previously announced in Lunr's news releases dated Feb. 22 and April 2, 2026, and subject to the satisfaction of remaining conditions precedent, the FDN transaction is expected to close on or about May 28, 2026. Upon closing, Lundin Gold will announce key dates pertaining to the dividend distribution of the consideration shares to its shareholders.

About Lunr Royalties Corp.

Lunr is an emerging royalty and streaming company based in Canada, focused on building and managing a portfolio of high-quality mining royalty and stream interests to create meaningful and lasting value for stakeholders.

Lunr was spun out of NGEx Minerals Ltd., whose common shares trade on the TSX under the symbol NGEX, with net smelter return (NSR) royalties on the Lunahuasi and Los Helados projects, located in the Vicuna district of Argentina and Chile. Lunr holds a 1.00-per-cent NSR royalty on Lunahuasi and a 1.38-per-cent NSR royalty on Los Helados.

The spinout was completed by way of a statutory plan of arrangement under the Canada Business Corporations Act, which became effective on Oct. 23, 2025.

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