Mr. Grant Moenting reports

OR ROYALTIES ANNOUNCES PRELIMINARY Q2 2025 GEO DELIVERIES ALONG WITH RECORD QUARTERLY REVENUE & CASH MARGIN

OR Royalties Inc. has provided an update on its second quarter 2025 preliminary deliveries, revenues and cash margin, as well as on its cash and debt positions as at June 30, 2025. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.

Preliminary Q2 2025 results

OR Royalties earned 19,700 attributable gold equivalent ounces (GEOs) in the second quarter of 2025.

OR Royalties recorded preliminary revenues from royalties and streams of $60.4-million during the second quarter, a quarterly record and preliminary cost of sales (excluding depletion) of $2.6-million, resulting in a record quarterly cash margin of approximately $57.8-million (95.8 per cent).

As at June 30, 2025, OR Royalties' cash position was approximately $49.6-million, following repayments of $40.0-million on the company's revolving credit facility during the second quarter. OR Royalties' revolving credit facility was drawn by $35.7-million at the end of June, 2025, with an additional amount of $614.3-million available to be drawn plus the uncommitted accordion of $200.0-million. For additional information on the recent amendments to OR Royalties' revolving credit facility, please refer to the company's press release titled "OR Royalties Announces Increase of Credit Facility and Positive Net Cash Position" and dated June 9, 2025.

Subsequent to quarter-end, OR Royalties paid down an additional $10.0-million against its revolving credit facility, reducing the outstanding balance to $25.7-million as of the date of this press release.

Q2 2025 results conference and webcast call details

OR Royalties provides notice of the second quarter 2025 results and conference and webcast call details.

Results release:  Tuesday, Aug. 5, 2025, after market close

Conference call:  Wednesday, Aug. 6, 2025, at 10 a.m. ET

Dial-in numbers:

North American toll-free:  1-800-717-1738

Local -- Montreal:  1-514-400-3792

Local -- Toronto:   1-289-514-5100

Local -- New York:  1-646-307-1865

Conference ID:  57040

Replay (available until Saturday, Sept. 6, at 11:59 p.m. ET):

North American toll-free:  1-888-660-6264

Local -- Toronto:  1-289-819-1325

Local -- New York:   1-646-517-3975

Playback pass code:  57040 followed by the pound key

Replay also available on the company's website.

About OR Royalties Inc.

OR Royalties is a precious metals royalty and streaming company focused on Tier 1 mining jurisdictions defined as Canada, the United States and Australia. OR Royalties commenced activities in June, 2014, with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties' portfolio is anchored by its cornerstone asset, the 3- to 5-per-cent net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic complex, one of the world's largest gold mines.

OR Royalties' head office is located at 1100 Ave. des Canadiens-de-Montreal, suite 300, Montreal, Que., H3B 2S2.

We seek Safe Harbor.