Mr. Tim Termuende reports

EAGLE ROYALTIES ANNOUNCES SHARE BUY-BACK

Eagle Royalties Ltd. has filed a notice of normal course issuer bid (NCIB) with regulators to purchase for cancellation, from time to time, as the company considers advisable, up to 2,853,016 common shares of the company, representing approximately 5.96 per cent of the current public float of the common shares. The maximum amount of shares available for daily repurchase is 5,909.

Purchases of common shares will be made on the open market through the facilities of the CSE and other alternative markets. For any common shares purchased, the company will pay the prevailing market price of the common shares. The actual number of common shares that may be purchased for cancellation and the timing of any such purchases will be determined by the company and dependent on market conditions.

The company is commencing the NCIB because it believes that, from time to time, the market price of its common shares may not properly reflect the underlying, intrinsic value of the company and its royalty assets, and that, at such times, the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders.

The NCIB will commence on Sept. 19, 2024, and will terminate on Sept. 17, 2025, or at such earlier time as the NCIB is completed or terminated at the option of Eagle Royalties. The company has retained Haywood Securities as its broker to conduct the NCIB on its behalf.

About Eagle Royalties Ltd.

Eagle Royalties was previously a wholly owned subsidiary of Eagle Plains Resources Ltd., incorporated in late 2022 to manage the diverse royalty holdings of EPL. In May, 2023, ER was spun out to Eagle Plains' shareholders on a 1:3 basis by means of a plan of arrangement. Concurrent with the spin-out transaction, Eagle Royalties amalgamated with 1386884 B.C. Ltd., which effectively provided ER with $2.7-million in initial financing. Eagle Royalties was listed for trading on the Canadian Securities Exchange on May 19, 2023. Eagle Royalties benefits from holding a diverse portfolio of royalty interests in Western Canada covering a broad spectrum of commodities including critical metals, precious metals, industrial minerals and diamonds. Projects subject to royalties in favour of Eagle Royalties are controlled by companies including Banyan Gold Corp., Skeena Resources Ltd. and Eagle Plains Resources, among many others.

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