Mr. Paddy Nicol reports

OROGEN ROYALTIES APPOINTS MR. CHAD WELLS TO THE BOARD OF DIRECTORS

Orogen Royalties Inc. has appointed Chad Wells to the company's board of directors.

Mr. Wells is an experienced executive and geologist with over 25 years of multicommodity expertise in the natural resources sector. Most recently, Mr. Wells was vice-president of Altius Minerals Corp., where he played a key role in the development and commercialization of Altius's project generation platform. During his time at Altius, the business grew from an early stage exploration company into a diversified mineral royalty company with a current market capitalization of approximately $3-billion. Mr. Wells brings extensive experience in structuring exploration agreements, creating royalty portfolios and generating significant value through disciplined capital allocation. His background includes involvement in the acquisition and origination of numerous projects and royalties, as well as the co-founding and development of several publicly listed exploration companies.

Orogen chief executive officer Paddy Nicol commented: "Chad has had a successful career in creating value for shareholders in the project generation and royalty space and he will bring a unique and complementary perspective to Orogen's board. His knowledge of markets, structuring transactions and negotiations will help bolster the strategic guidance of the company. We welcome Chad to our board and look forward to working with him."

Mr. Wells commented: "I'm very pleased to be joining the board of directors of Orogen Royalties. Orogen's disciplined approach to project generation and organic royalty creation strongly aligns with the philosophy I've worked within throughout my career. I look forward to working with a great team I know well and contributing to the company's continued growth."

As part of Mr. Wells's compensation, the board has agreed to grant 55,000 incentive stock options at a price of $3.34 for a period of five years. The foregoing subject to regulatory acceptance.

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The company's royalty portfolio includes the Ermitano gold and silver mine in Sonora, Mexico (2.0-per-cent NSR (net smelter return) royalty), operated by First Majestic Silver Corp. The company is well financed with several projects actively being developed by joint venture partners.

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