Mr. Peter Leighton of RE Royalties reports

RE ROYALTIES ENTERS INTO A LETTER OF INTENT TO PROVIDE A SECURED LOAN TO REVOLVE FOR US $8,000,000 TO FINANCE ACQUISITION OF A 9.6 MW OPERATING WIND PROJECT IN THE UNITED STATES

RE Royalties Ltd. has entered into a letter of intent for a secured loan with Revolve Renewable Power Corp. of up to $8-million (U.S.). The loan will support Revolve's proposed acquisition of a 95-per-cent interest in a 9.6-megawatt operating wind energy project in the United States.

The project consists of six 1.6-megawatt wind turbines generating revenue through a power purchase agreement with a regional utility. Closing of the loan is expected to occur in second quarter of this calendar year and is subject to several customary closing conditions, including the completion of the proposed acquisition. The loan will have a term of 24 months and bear interest at 12 per cent on drawn funds, with interest payable on a quarterly basis during the term. The company will also receive a royalty of 5 per cent on gross revenues generated by the project for its remaining life.

The project is Revolve's first acquisition of an operating renewable energy asset in the United States and builds on its current operating portfolio of 12.33 MW in Canada and Mexico.

It includes a lease agreement for 127 acres of land with a project life until 2046. The proposed acquisition, once completed, will add 9.6 MW of net operational capacity to Revolve's portfolio, bringing the total under operation to 22 MW.

Peter Leighton, chief operating officer of RE Royalties, stated: "We are excited to be working with Revolve again as they continue to deliver on their growth strategy by adding more operating assets to their portfolio. This investment will be RE Royalties' single biggest investment to date and will add significant accretive cash flow to our investment portfolio."

"This proposed acquisition is another significant milestone for Revolve as we continue to execute on our growth plan across North America," said chief executive officer Myke Clark. "Once completed, this acquisition will add another strong recurring revenue stream to our growing portfolio of assets. We continue to see several exciting opportunities to supplement our strategy by acquiring operating assets in the U.S. and Canada. This is the third significant acquisition of operating assets in our recent history, and we are committed to accelerating that process as we scale our business through additional acquisitions and organic growth."

About Revolve Renewable Power Corp.

Revolve Renewable was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the United States, Canada and Mexico. Revolve also installs and operates sub-20-megawatt behind-the-meter distributed generation assets. To date, Revolve has developed and sold over 1,550 MW of projects.

About RE Royalties Ltd.

RE Royalties acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The company currently owns over 100 royalties on solar, wind, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico and Chile. The company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through reinvestment and a sustainable investment focus.

We seek Safe Harbor.