Dr. Tim Coughlin reports

ROYAL ROAD UPDATES CONSOLIDATION STRATEGY AT LALLA AZIZA; KINGDOM OF MOROCCO

Royal Road Minerals Ltd. has provided an update on its activities at its Lalla Aziza project in the Kingdom of Morocco.

Lalla Aziza is an underground copper-mine located in Morocco's Western High Atlas, approximately 90 kilometres southwest of Marrakesh. Lalla Aziza is owned and operated by Moroccan mining company, Carbomine SARL. In December, 2024, Royal Road entered into an option agreement with Carbomine, which provides the company with an option to acquire 100 per cent of the Lalla Aziza mining licence. Royal Road has completed a 15-hole, 1,000-metre reverse circulation scout drilling campaign at the project. Drilling returned encouraging results (see press release dated July 14, 2025), confirming the presence of copper mineralization within the Seksaoua shear zone, a regionally extensive structure hosting historically mined copper and gold mineralization in the High Atlas region of Morocco.

Highlights from the company's scout drilling program are shown in the attached table.

These initial results confirm that economically significant copper grades extend across the width of the mineralized structure. Mineralization demonstrates continuity along strike and remains open, with indications of extension at depth.

Subsequent to the completion of drilling, certain corporate matters affecting the underlying licence holder have delayed the advancement of formal licence transfer processes. These matters are progressing through the appropriate channels.

In parallel, Royal Road has entered into a confidentiality agreement which provides a period of exclusivity over a contiguous mining title within the same structural corridor. The company has also engaged SCP Resource Finance, an independent broker dealer specializing in the global mining sector to assist in evaluating and structuring potential transaction pathways. These pathways are expected to include the consolidation of multiple licences along the prospective Seksaoua structure, including the company's existing interests, into a single, coherent project. The company anticipates that this process will involve the restructuring of existing arrangements and the establishment of a new framework through which the opportunity can be effectively advanced.

Depending on the outcome of continuing discussions and structuring efforts, the company will evaluate a range of strategic options. These may include advancing the project in a disciplined capital-efficient manner or pursuing transaction opportunities designed to crystallize value.

About Royal Road Minerals Ltd.

Royal Road Minerals is a mineral exploration and development company with its head office and technical operations centre located in Jersey, Channel Islands. The company is listed on the TSX Venture Exchange under the ticker RYR, on the OTCQB under the ticker RRDMF and on the Frankfurt Stock Exchange under the ticker RLU. The company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The company currently explores in the kingdoms of Saudi Arabia, Morocco and in Colombia.

The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (geology), MSc (exploration and mining), PhD (structural geology), FAusIMM, president and chief executive officer of Royal Road Minerals, and a qualified person as defined by National Instrument 43-101.

Quality assurance and quality control

Sample preparation and analyses are conducted according to standard industry procedures at certified laboratories. Percussion chip samples were sampled on 1m downhole intervals and passed through a 75-25 per cent drill-rig mounted splitter. The 75-per-cent sample was placed in rows and analyzed for guidance on site using a Vanta pXRF tool. The 25-per-cent sample was split 50/50 per cent to produce analytical and retention samples of between one to three kilograms. Samples for analysis were bagged in the field and sent to ALS Seville for analysis of gold by fire assay with an ICP-AES finish (method Au-ICP22) and multielements by four-acid digest ICP-MS (method ME-MS61). QA/QC materials included CRMs, blanks and duplicates inserted into sample batches on a ration of 1:10. Soil samples were collected 30 to 60 centimetres below the surface to avoid surficial contamination. Approximately 0.5 kg was collected for each sample. For each sample, soil thickness, horizon, surface type, sample collection depth, and field sieve-mesh was recorded. QA/QC materials included approximately 5-per-cent CRMs, 1-per-cent blanks and 1-per-cent field duplicates. Infill soil samples were sent to ALS in Sevilla for drying, disaggregation and dry-sieving to negative 180 micrometres. Samples were analyzed using the supertrace low level gold and multielement package (AuME-St43) with a 25-gram charge weight. Gold and multielement concentrations are determined from the same solution via a combination of ICP-MS and ICP-AES.

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