Mr. Brad Docherty reports

SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND ANNOUNCES GRANT OF INCENTIVE SECURITIES

Source Rock Royalties Ltd.'s board of directors has declared a monthly dividend of 0.65 cent per common share, payable in cash on Aug. 14, 2026, to shareholders of record on July 31, 2026.

This dividend is designated as an eligible dividend for Canadian income tax purposes.

Grant of incentive securities

Source Rock further announces that, effective July 15, 2026, pursuant to its restricted share unit and deferred share unit compensation plan, it has granted 291,000 restricted share units to officers and directors.

Each RSU entitles the holder to receive one common share of Source Rock or a cash payment equal to the equivalent value of one common share of Source Rock at the time of vesting, or a combination of both. The RSUs granted shall vest one-third on each of the first, second and third anniversaries of the grant date.

About Source Rock Royalties Ltd.

Source Rock is a pure play oil and gas royalty company with an existing oil-focused portfolio of royalty interests concentrated in southeastern Saskatchewan, central Alberta and west-central Saskatchewan, as well as ownership in oil sands and petroleum and natural gas leases in Alberta. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure, achieving a sustainable and scalable business, measured by growing funds from operations per share, and maintaining a strong netback on its royalty production.