Mr. Tim Termuende reports

TRIDENT RESOURCES ASSUMES SASKATCHEWAN ROYALTY PROJECTS

A number of Eagle Royalties Ltd.'s royalty interests on dispositions formerly operated by Mas Gold and Rockridge Resources have been assumed by Trident Resources Corp. (formerly Eros Resources), namely on the Contact Lake, Greywacke Lake and Knife Lake projects. The gold projects are located in the prolific La Ronge gold belt and have been acquired by Trident as part of a three-way merger completed in April, 2025.

Eagle Royalties also holds a number of additional royalty interests in claims within the area, including Schott's Lake (copper, zinc and gold), Brownell Lake (copper and zinc), Cathro (gold) and Albert Lake (nickel and copper).

Contact Lake project summary

ER holds a royalty on 827 hectares of the 14,121 hectares that comprise the Contact Lake gold project, Trident Resources' flagship asset. The project area hosts four deposits: Contact Lake, Preview SW, Preview North and North Lake. These deposits not only underscore the property's geological prospectivity but also present strong potential for both the expansion of known mineralization and the potential for discovery of new ones, positioning the Contact Lake gold project as a foundational asset in Trident's long-term strategy for growth, discovery and value creation. The Eagle Royalties royalties do not include any of the four deposits.

Greywacke Lake project summary

The Greywacke Lake gold project is owned 100 per cent by Trident and is located approximately 88 kilometres northeast of La Ronge and 22 kilometres northeast of the community of Missinipe. Road access to the 16,078-hectare (six claims) project is available through an 11-kilometre access trail that branches southeast from Highway 102. The main project area comprises three subparallel zones (North, Central and South) that are part of the seven-kilometre Wacke mineralization trend. Eagle Royalties holds a royalty on 1,463 hectares of the Greywacke Lake project.

Knife Lake project summary

Trident has 100-per-cent ownership of the Knife Lake copper VMS (volcanogenic massive sulphide) project, an advanced-stage copper, silver, zinc and cobalt exploration property that consists of 82 claims totalling 56,565 hectares. The Eagle Royalties royalty area includes the Knife Lake deposit, a near-surface, strata-bound, VMS-style system.

Other Eagle Royalties Saskatchewan royalties

Schott's Lake project summary

The 3,225-hectare Schotts Lake property hosts the Schotts Lake zone, a VMS polymetallic deposit. The property is operated by Eagle Plains Resources Ltd. and is located 40 kilometres northwest of Flin Flon, Man., and 8.5 kilometres west of a high-voltage power transmission line. Access is by winter road or float plane.

Brownell Lake project summary

The 1,863-hectare Brownell Lake property is located 100 kilometres east of La Ronge and 75 kilometres south of SSR Mining's Seabee gold operation. The project hosts a highly prospective VMS polymetallic stratigraphic sequence. The project was acquired in 2017 by operator Eagle Plains Resources.

Albert Lake (Rottenstone) project summary

The Albert Lake property is owned 100 per cent by Fathom Nickel Inc. and is located approximately 135 kilometres north-northeast of La Ronge. The property is host to the past-producing Rottenstone mine. Eagle Royalties holds a royalty on part of the Albert Lake project, which does not cover the Rottenstone mine.

As a royalty holder, Eagle Royalties has limited, if any, access to the properties subject to its interests. The company generally relies on publicly available information regarding these properties and related operations and often has no ability to independently verify such information. In addition, such publicly available information may relate to a larger property area than that covered by the company's interests.

Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

Qualified persons

Technical information in this news release has been reviewed and approved by C.C. Downie, PGeo, a director and officer of Eagle Royalties, hereby identified as the qualified person under National Instrument 43-101.

About Eagle Royalties Ltd.

Eagle Royalties benefits from maintaining a strong treasury and holds a diverse portfolio of over 35 royalty interests in Western Canada. Target commodities subject to royalties include a broad spectrum, including critical metals, precious metals, industrial minerals and diamonds. Its flagship royalty is associated with the AurMac project, located in Yukon, operated by Banyan Gold Corp. Eagle Royalties holds royalty interests ranging from 0.5 per cent to 2 per cent on claims that contain a significant portion of AurMac's inferred gold resource, located at the Powerline and Airstrip deposit areas. Eagle Royalties also holds royalty interests on a number of historical base metal deposits located in Western Canada.

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