Mr. Joseph de la Plante reports

EVOLVE ANNOUNCES A GRANT OF OPTIONS

Evolve Royalties Ltd.'s board of directors has granted share options in respect of an aggregate of 1.31 million common shares to Evolve's directors and officers. The options have an exercise price of $3.21 per common share, being the closing price of the company's common shares on the Canadian Securities Exchange on March 10, 2026. The options will vest equally over a three-year period and will expire five years from the date of grant. The options were granted pursuant to the company's omnibus incentive plan.

About Evolve Royalties Ltd.

Evolve Royalties is a royalty and streaming company focused on acquiring high-quality royalties in base and critical metals that support electrification and the global energy transition. The company's strategy is to build a diversified portfolio of long-life cash-flowing royalties while maintaining exposure to long-term commodity upside. The company's common shares are listed and posted for trading on the Canadian Securities Exchange under the symbol EVR.