Mr. Joel Ives reports

MONT ROYAL FILES PEA TECHNICAL REPORT FOR THE ASHRAM PROJECT

Mont Royal Resources Ltd. has filed a National Instrument 43-101 technical report regarding the preliminary economic assessment for its Ashram project.

The report titled "NI 43-101 Technical Report, Preliminary Economic Assessment for the Ashram Rare Earths Project, Nunavik, Quebec, Canada," with an effective date of May 29, 2026, was prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Under NI 43-101, issuers must file a technical report within 45 days of the date of initial disclosure of the results of a preliminary economic assessment.

The technical report is available for review on both SEDAR+ and the company's website. The technical report supports the news release dated June 9, 2026, announcing the results of the PEA, titled "Robust Updated PEA Highlights Ashrams Potential."

This release is available on the company's website and under its profile at SEDAR+ and the Australian Securities Exchange.

There are no material differences between the technical report and the information disclosed in the news release dated June 9, 2026.

About Mont Royal Resources Ltd.

Mont Royal is a critical mineral development and exploration company with projects located in Quebec, Canada. The company is dedicated to advancing its 100-per-cent-owned Ashram rare earth and fluorspar deposit in Nunavik, Quebec, Canada -- one of the largest monazite-dominant carbonatite-hosted rare earth element deposits in North America. In addition, the company owns 75 per cent of Northern Lights Minerals' 536-square-kilometre tenement package located in the Upper Eastmain greenstone belt. The projects are located in the emerging James Bay area, a Tier 1 mining jurisdiction of Quebec, and are prospective for lithium, precious (gold and silver) and base metal mineralization (copper and nickel).

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