Mr. David Lee reports

TRIPLE FLAG RECEIVES APPROVAL FOR NORMAL COURSE ISSUER BID RENEWAL

The Toronto Stock Exchange has accepted the notice filed by Triple Flag Precious Metals Corp. to renew its normal course issuer bid (NCIB). All dollar amounts are in Canadian dollars unless otherwise indicated.

Under the NCIB, Triple Flag is authorized to purchase up to 10,284,273 of its common shares (out of the 205,685,460 common shares issued and outstanding as at Nov. 3, 2026), representing 5 per cent of Triple Flag's issued and outstanding common shares, during the period starting on Nov. 17, 2026, and ending on Nov. 16, 2027.

In deciding to renew the NCIB, Triple Flag believes that the purchase of common shares from time to time can be undertaken at prices that make the acquisition of such common shares an appropriate use of Triple Flag's available funds and an appropriate mechanism for returning capital to its shareholders.

Triple Flag may make any purchases through the facilities of the TSX, the New York Stock Exchange and alternative trading systems, if eligible, or by such other means as may be permitted by the TSX, the NYSE or under applicable law by a registered investment dealer, including private agreement purchases or share purchase program agreement purchases if Triple Flag receives, if applicable, an issuer bid exemption order in the future from applicable securities regulatory authorities in Canada for such purchases. Daily repurchases on the TSX will be limited to a maximum of 46,321 common shares, representing 25 per cent of the average daily trading volume on the TSX of 185,284 common shares for the period from May 1, 2026, to Oct. 31, 2026 (net of repurchases made by Triple Flag on the TSX during that time period), except where purchases are made in accordance with the block purchase exception of the TSX rules. Rule 10b-18 of the United States Securities Exchange Act of 1934 contains similar volume-based restrictions on daily purchases on the NYSE, subject to certain exceptions for block repurchases. All common shares that are repurchased by Triple Flag under the NCIB will be cancelled.

Purchase and payment for the common shares will be made by Triple Flag in accordance with the requirements of the TSX and applicable Canadian and United States securities laws. The price that Triple Flag will pay for the common shares in open market transactions acquired by it will be the market price of the common shares at the time of acquisition or such other price as may be permitted by the TSX. Any private agreement purchases made under an exemption order, if applicable, may be at a discount to the prevailing market price.

Triple Flag has also entered into an automatic share purchase plan (ASPP) with the designated broker responsible for the NCIB to allow for the purchase of common shares under the NCIB at times when Triple Flag would ordinarily not be permitted to purchase its common shares due to regulatory restrictions and customary self-imposed blackout periods.

Pursuant to the ASPP, prior to entering into a blackout period, Triple Flag may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker in its sole discretion based on parameters established by Triple Flag prior to the blackout period in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP.

Outside of the predetermined blackout periods, common shares may be purchased under the NCIB based on the discretion of Triple Flag's management, in compliance with the rules of the TSX and applicable securities laws. All repurchases made under the ASPP will be included in computing the number of common shares purchased under the NCIB.

Although Triple Flag has a present intention to acquire its common shares pursuant to the NCIB, Triple Flag will not be obligated to make any purchases and purchases may be suspended by Triple Flag at any time. Decisions regarding any future repurchases will depend on certain factors, such as market conditions, share price and other opportunities to invest capital for growth. Triple Flag may elect to suspend or discontinue share repurchases at any time, in accordance with applicable laws.

For its NCIB that began on Nov. 17, 2025, and expires on Nov. 16, 2026, Triple Flag previously sought and received approval from the TSX to repurchase up to 10,328,075 of its common shares. Of this amount, Triple Flag has repurchased a total of 1,280,139 common shares, consisting of 1,236,159 common shares purchased through the facilities of the TSX and alternative trading systems, for a total cost of approximately $56-million (representing a weighted average cost of $45.59 per common share) and 43,980 common shares purchased through the facilities of the NYSE, for a total cost of approximately $1.4-million (U.S.) (representing a weighted average cost of $30.91 (U.S.) per common share). Triple Flag repurchased the common shares through the facilities of the TSX, the NYSE and alternative trading systems.

About Triple Flag Precious Metals Corp.

Triple Flag is a precious metals streaming and royalty company. The company offers investors exposure to gold and silver from a total of 242 assets, consisting of 17 streams and 225 royalties, primarily from Australia and the Americas. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 38 producing mines, and 204 development- and exploration-stage projects and other assets. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange, under the ticker TFPM.

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