Ms. Alexandra Sherron reports

EMPRESS EXECUTES BINDING TERM SHEET FOR US$3,000,000 GOLD AND SILVER ROYALTY

Empress Royalty Corp. executed a binding term sheet on July 4, 2025, with Milford Mining Company Utah LLC to purchase a 5-per-cent royalty on the gross gold and silver ounces produced and sold from the Milford copper mine, located in Milford near Beaver county, Utah, United States, for $3-million (U.S.).

Milford Mining advises that it intends to use the proceeds from the sale of the royalty to increase the production capacity of the mine to meet the growing global demand for copper. Since acquiring the mine in 2023, Milford Mining has focused on revitalizing processing infrastructure and implementing sustainable mining practices to enhance operational efficiency at the mine. The planned expansion aims to scale operations, exploring new targets across the mineralized district and enhance infrastructure to support future growth.

"This transaction represents a significant milestone for Empress -- our first U.S. royalty and a highly strategic addition to our portfolio of precious metal royalties and streams," stated Alexandra Woodyer Sherron, chief executive officer and president of Empress Royalty. "The Milford copper mine offers near-term production, a scalable restart plan, and valuable gold and silver byproducts that align with our core investment thesis. We structured the royalty to reflect our disciplined approach to capital allocation, and we expect to fund the investment using our existing cash and precious metal holdings. We are excited to support Milford Mining and look forward to closing the transaction in the near future."

The closing and funding of the royalty are subject to the execution of a definitive agreement between the company and Milford. Certain key terms that have been agreed include:

• The royalty is a 5-per-cent royalty on the gross gold and silver ounces produced and sold from the mine.
• The purchase price for the royalty is $3-million (U.S.) payable to Milford Mining at closing.
• The royalty will terminate when the payments made to Empress total $12-million (U.S.).
• If certain minimum monthly gold and silver sales are not achieved by Milford Mining, Empress will receive a payment to top it up to the amount of the royalty payments it would have received had these minimum sales levels been met.

Funding is subject to customary conditions precedent, including the finalization and execution of documentation and the provision of customary legal opinions.

About Empress Royalty Corp.

Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.

We seek Safe Harbor.