Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce the appointment of Allison Rippin Armstrong as ESG Advisor to the Board. 

“It gives me great pleasure to announce Allison’s appointment as ESG Advisor to the board. She is a humanitarian and trailblazer with global ESG experience that will be invaluable to Empress,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “As a royalty and streaming investment company, we have the opportunity to make a difference in both how we invest our capital and how we operate as a corporation. We look forward to enhancing our ESG policies and practices to ensure we are creating value for our shareholders, our mining company partners and the local communities in which we invest.” 

Allison is a visionary mining professional with over 25 years of industry-leading experience focused on environmental compliance, job creation for rural and Indigenous communities and fostering a more inclusive workplace for women and minority groups. She has been involved in the permitting of nine major projects in Canada and serves on the board of directors for various non-profit industry organizations including Tectonic, where she serves as Chair of the Governance Committee. Allison has worked internationally with regulatory agencies, Indigenous organizations, territorial and federal governments on their sustainability and community-development objectives, helping to establish new standards of excellence. 

Empress is committed to furthering the responsible development of mineral projects and the sustainable extraction of metals through its financial investments. Empress takes seriously the ethical nature of our corporate governance practices and has put in place various measures to ensure the Company conducts its affairs at the highest standard. Empress recognizes that a good investment is a mine that will function safely, successfully, and with multi-generational support of local communities and governments. That’s why Empress conducts thorough investigations and evaluations of ESG risk factors related to mineral properties and operating partners prior to any investment. Our team of technical experts apply a rigorous due diligence process to identify, assess and monitor ESG risks during all phases of mine development and operation. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since listing in December 2020, Empress has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce it has increased its royalty on the Manica gold project in Mozambique (“Manica” or the “Project”) by providing an additional US$1M in funding, resulting in a total royalty of 3.375% (the “Royalty”). 

“The Manica project is a great investment for Empress, we are excited to have increased the size of the Royalty and look forward to receiving revenue from Manica in the second quarter of 2022,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “We believe Empress is positioned for rapid growth and increased shareholder value in the coming year.” 

THE INVESTMENT & TRANSACTION 

On January 17, 2022, Empress increased its royalty from 2.25% to 3.375% by paying an additional US$1M under the previously executed Royalty Purchase Agreement (see April 21, 2021, news release). The Royalty is on gold sales from the Manica project operated by Mutapa Mining & Processing LDA (“MMP”), up to a total of 95,000 oz of gold. Thereafter, the royalty percentage will be reduced to 1.125% and shall continue into perpetuity. 

THE PROJECT 

MMP has advised Empress that the Manica project development phase is nearing completion and is scheduled for commissioning in the second quarter of 2022. Manica is located in the Odzi-Mutare-Manica Greenstone Belt of Mozambique and comprises of several deposits on Xtract Resources Plc’s mining concession licence 3990C, which includes four deposits, being Fair Bride, Guy Fawkes, Boa Esperanza, and Dots Luck. 

Please see our February 22, 2021 and April 21, 2021 news releases on Empress’ website (www.empressroyalty.com) for further details on the project and the Royalty. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since listing in December 2020, Empress has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress’ expectations regarding the Manica royalty agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the timing and success in MMP completing the successful commissioning of the plant and bringing the Manica project into production to result in the receipt of royalty income to Empress in the second quarter 2022. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce it has fully funded the US$10M gold stream agreement (the “Stream”) by making the final payment of US$2.5M of the gold stream agreement on the Sierra Antapite mine in Peru owned by Sierra Sun Group (“Sierra Sun”). 

“We are excited to fully fund the US$10M gold stream and receive additional revenue from the investment,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “With the Nebari credit facility, we were able to quickly deploy the capital to allow Sierra Antapite to stay on track for production expansion and to immediately increase Empress’ current revenue by 25%. We are looking forward to a strong year ahead with significant revenue and the increased ability to execute on our additional investment opportunities to build the portfolio.” 

THE INVESTMENT & STREAM TRANSACTION 

As previously announced, the US$10M gold stream agreement on the Sierra Antapite mine was funded in three tranches: US$5M on July 28, 2021, US$2.5M on September 30, 2021, and the final tranche of US$2.5M funded on December 24, 2021. The Stream is on 4.5% of the payable gold production for the first 11,000 gold ounces and 1% thereafter for life of mine at 20% of the gold spot price. The Stream is registered and secured against the mine, plant and concessions. Sierra Sun will use Empress’ investment to increase its processing capacity from 750 to 1,000 tonnes-per-day. For further information, please see the Sierra Sun Group LinkedIn page at: https://www.linkedin.com/company/sierrasungroup/. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities 

but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress’ expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in or deciding not to pursue opportunities in the royalties business. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to report that, upon the receipt of the TSX Venture Exchange approval, it has now closed the US$15M Accordion Credit Facility (the “Accordion Facility”) agreement with Nebari Natural Resources Credit Fund I LP (“Nebari”) as announced on December 22, 2021. 

The Company’s initial draw of a US$4.5M loan under the Accordion Facility is now funded. The Company issued 7,500,000 share purchase warrants (the “Warrants”) to Nebari. Each Warrant is exercisable into one common share for two years at an exercise price of $ 0.27, subject to a four-month and a day hold period. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress’ expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in or deciding not to pursue opportunities in the royalties business. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce that it has executed an agreement with Nebari Natural Resources Credit Fund I LP (“Nebari”) for a US$15M Accordion Credit Facility (the “Accordion Facility”). The Company’s initial draw is a US$4.5M loan (the “Initial Loan”) that is expected to be funded shortly. The Company may apply to Nebari to draw down additional loans as the Company identifies investments it wishes to fund under the Accordion Facility.The proceeds of the Initial Loan will be used to fund investments and for working capital purposes. 

“We are pleased to be working in partnership with Nebari and value their confidence in our business strategy,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “The Nebari facility provides Empress with further financial flexibility and capacity to build our portfolio. The facility combined with the projected revenue from our current investments will accelerate our development plans and is the first catalyst of many, solidifying Empress’ path to continued growth and creation of shareholder value in the year ahead.” 

Juan Alvarez, Managing Partner of Nebari, stated “We are very happy to be entering into this Accordion Facility with Empress Royalty and helping to support its objective of growing its portfolio of royalty and streams and creating shareholder value. Our term loan facility provides Empress Royalty with the capital to allow it to move rapidly and opportunistically on new royalty/stream acquisitions. We look forward to supporting Empress Royalty in its next phase of growth.” 

The US$15M Accordion Facility has an initial term of two years from the date of the Initial Loan and is secured against the existing investment assets of the Company. The Accordion Facility shall bear interest at Libor (1% floor) plus 10% per annum. An arrangement fee of 2.0% of each loan made under the Accordion Facility is payable on closing together with reimbursement of Nebari’s costs for each loan made. In addition, an original issue discount (the “OID”) of 6% is applicable to all loans made under the Accordion Facility resulting in the Initial Loan being US$4,787,234 inclusive of transaction costs. If the Company wishes to prepay any loan or defaults on any loan made under the Accordion Facility additional interest of up to 9% could apply. 

Nebari is entitled to receive bonus warrants in connection with any new loans under the Accordion Facility. In connection with the Initial Loan, the Company will issue 7,500,000 share purchase warrants (the “Warrants”) to Nebari. Each Warrant is exercisable into one common share for two years at an exercise price of $ 0.27. 

The Accordion Facility Agreement remains subject to the approval of the TSX Venture Exchange. 

Endeavour Financial acted as Empress Royalty’s financial advisor and investment manager. 

ABOUT NEBARI 

Nebari is a private fund focused on financing bespoke debt and convertible debt facilities for public and private companies within the resources sector. Nebari’s leadership team has extensive technical, financial, and operational experience with leading global mining companies providing it with a true competitive edge. Nebari is actively seeking to partner with motivated and capable management teams focused on achieving clear plan targets. Nebari is based in Miami and has a team of partners located globally, including in London, Madrid, Zug, and Anchorage. Learn more at: https:/www/nebari.com. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress’ expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in or deciding not to pursue opportunities in the royalties business. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to provide an update on its investment portfolio and mining company partners. 

“The exciting progress being made at each of our investments demonstrates Empress Royalty’s ability to invest in high quality projects with strong management teams creating long term value for both our shareholders and the shareholders of our mining company partners,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “These project updates are the catalysts for Empress Royalty to achieve significant shareholder value and revenue in 2022.” 

TAHUEHUETO SILVER STREAM – Construction On Time & On Budget 

Altaley Mining Corp. (“Altaley”) continues to advance Tahuehueto toward production and recently announced that construction is on time and on budget (see Altaley press release November 2, 2021). Altaley has also recently announced that it has engaged MGA as an underground mining contractor. MGA is a well known underground mining contractor with extensive experience in Mexico. Prior underground development at Tahuehueto provides about 75% of the initial two years of to-be-mined material or “stoped-out inventory”, with the contractor completing underground development for 100% of the stoped-out inventory. This materially de-risks ramp-up risks and accelerates initial and eventual steady-state production, resulting in silver by-product production, that will be subject to the Empress Royalty silver stream. Initial production from Tahuehueto is noted to be near the end of 2021 with ramp-up continuing into the first quarter of 2022. As noted by Altaley, contractors and construction have been working at site since July 2021 and multiple site visits have been completed by Empress Royalty in 2020 and 2021. Please see Altaley’s website (www.altaleymining.com) for further details. 

SIERRA ANTAPITE GOLD STREAM – Production Expansion in Progress 

Sierra Sun Group (“Sierra Sun”) reports that it is conducting on-going expansion of operations at the Sierra Antapite gold mine. Proceeds from the Empress Royalty stream have been used to continue expansion of the plant from 750 tonnes per day to 1,000 tonnes per day, to expand and enhance the tailings storage facility, to retire payments and to further develop the underground mine. A site visit by a third-party engineering firm was completed in March 2021 and Empress Royalty visited the site in September 2021. Empress Royalty receives weekly updates from Sierra Sun on the production expansion progress. Sierra Sun continues to deliver gold to Empress Royalty since commencement in August 2021. Please see Sierra Sun Group’s website (www.sierrasungroup.com) for further details. 

MANICA GOLD ROYALTY – Construction Underway 

Since closing the Manica royalty at the end of April 2021, Mutupa Mining Processing (“MMP”) has completed engineering and procurement and reports construction is well progressed. Specifically, the bulk of the earthworks is complete, concrete has been poured for the plant, the CIL tanks have been fabricated and the tailings dam construction is complete. Several items of the modular plant equipment have been fabricated and transported from South Africa to site and are currently undergoing installation. Further, the processing plant water storage tank and power is connected and available via a 40 mVA transformer. The mining contractor has been mobilized and preparations are underway for commencement of mining. MMP reports it expects to commence initial production in the first quarter of 2022. Empress has completed two site visits in 2021 through a third party engineering firm, and receive weekly updates from management on construction progress. 

PINOS GOLD & SILVER ROYALTY – Private Placement Closed 

Candelaria Mining Corp. (“Candelaria”) announced that it has closed their upsized private placement for a total C$8,441,770 which resulted in Agnico Eagle increasing their ownership in Candelaria from a 9.9% equity stake to a 19.9% on a pre-diluted basis (see Candelaria’s press releases October 29, 2021). Proceeds from the upsized private placement will be used for Caballo Blanco exploration, on-going development of the Pinos project and for working capital. Candelaria continues to advance the Pinos project and is currently in discussions with potential debt financiers. Empress Royalty completed site visits in 2020 and 2021 and continues to be provided updates by Candelaria. Please see Candelaria’s website (www.candelariamining.com) for further details. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress’ expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in or deciding not to pursue opportunities in the royalties business. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce it is funding an additional payment of US$2.5M gold stream agreement (the “Stream”) on the Sierra Antapite producing gold mine in Peru. 

“The result of increasing the stream from 2.25% to 3.375% of the Sierra Antapite gold production will provide immediate additional revenue into Empress,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “With the increase in revenue combined with our development stage projects advancing on schedule, we are forecasting significant revenue next year. We continue to build the fundamentals of our business with a diversified portfolio and a robust pipeline creating value for our shareholders.” 

As previously announced on July 28, 2021, Empress Royalty executed a US$10M gold stream agreement on the payable gold production from the Sierra Antapite mine in Peru at 20% of the gold spot price. The Stream is up to 4.5% of the payable gold production of the first 11,000 gold ounces and 1% thereafter for life of mine. Empress Royalty initially funded US$5M in exchange for receiving an immediate stream percentage of 2.25% and retained the right to fund an additional US$5M in order to receive the remaining 2.25% stream percentage. Empress Royalty and Sierra Antapite have now agreed that the Stream may be funded in three tranches instead of two. Accordingly, Empress Royalty is funding an additional US$2.5M on September 30, 2021, which has resulted in the Stream being 75% funded and Empress Royalty receiving 3.375% of all gold production from the mine. 

Empress Royalty is no longer pursuing discussions with Accendo Banco respecting potential debt financing (see press release dated August 31, 2021). The Company is currently in discussions with alternative financial groups to provide a debt facility on terms substantially similar terms to those it was negotiating with Accendo Banco. Empress Royalty will provide further updates as they are known. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress Royalty’s expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress Royalty believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in identifying suitable investment opportunities, being able to successfully complete technical, financial or legal diligence in respect of investment opportunities it has identified, being able to negotiate and enter into binding agreements for royalty or stream deals with potential counterparties, actual production by companies in our portfolio meeting anticipated production; volatility in the price of gold and silver, risks inherent in the mining industry to which the companies in our portfolio are subject, the impact of the current COVID-19 pandemic on the companies in our portfolio, activities by governmental authorities (including changes in taxation), currency fluctuations and the accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the companies in our portfolio. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are referred to the risk factors and contained in Empress Royalty’s’ most recent annual information form for a description of the principal risks affecting Empress Royalty, its business and its securities. The forward-looking statements contained in this news release are made as of the date hereof, and Empress Royalty undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) has filed the required notice to change its financial year end from September 30th to December 31st, in accordance with the requirements of National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”). 

The change in financial year end is being completed to align the Company’s financial statement reporting periods with its peer group. 

As a result of this change, the Company will have a transitional 15-month financial year ending December 31, 2021. Further details regarding the change in financial year, including the Company’s interim reporting periods, will be available in the Company’s Notice of Change of Financial Year-End prepared in accordance with section 4.8 of NI 51-102, which will be filed on the Company’s profile on SEDAR at www.sedar.com. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial, Terra Capital, and Accendo Banco which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress Royalty is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress Royalty’s expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress Royalty believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress Royalty not being successful in identifying suitable investment opportunities, being able to successfully complete technical, financial or legal diligence in respect of investment opportunities it has identified, being able to negotiate and enter into binding agreements for royalty or stream deals with potential counterparties, actual production by companies in our portfolio meeting anticipated production; volatility in the price of gold and silver, risks inherent in the mining industry to which the companies in our portfolio are subject, the impact of the current COVID-19 pandemic on the companies in our portfolio, activities by governmental authorities (including changes in taxation), currency fluctuations and the accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the companies in our portfolio. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are referred to the risk factors and contained in Empress Royalty’s most recent annual information form for a description of the principal risks affecting Empress Royalty, its business and its securities. The forward-looking statements contained in this news release are made as of the date hereof, and Empress Royalty undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce that it has entered into an agreement with Accendo Banco, S.A., Institución de Banca Múltiple (“Accendo”) for the provision of a secured medium term bridge loan facility the (“Facility”) in the amount of US$5.2 million. 

“The Facility, in combination with our projected revenue, will expand Empress Royalty’s capacity to further grow our precious metal portfolio,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “This transaction also highlights the unique relationships we have with our Strategic Partners and we would like to thank Accendo Banco for their continued support and belief in our long term business strategy.” 

The proceeds of the Facility will be used to finance the second tranche of the Company’s Sierra Antapite stream acquisition (see the Company’s news release of July 28, 2021) and for general and working capital. Amounts borrowed under the Facility will bear interest at the rate of 11% per annum. The Facility will be secured via a pledge over the Altaley Mining stream held by Empress Royalty and potentially by other security. Amounts borrowed under the Facility must be repaid 24 months from the date of the Facility. 

In connection with the Facility, Accendo will be paid an arrangement and origination fee of US$156,000, will be entitled to reimbursement of its expenses, and will be issued 6,500,000 share purchase warrants to purchase common shares at an exercise price of C$0.40 per share for a two year term from the date of closing. If amounts borrowed under the Facility are repaid before one year, the term of the warrants will be reduced on a pro-rata basis to one year in accordance with the policies of the TSX Venture Exchange. 

The Facility is subject to satisfactory completion of due diligence by Accendo, the negotiation of definitive agreements, receipt of board approvals from Accendo and Empress Royalty and receipt of TSX Venture Exchange approval. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companieswith development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial, Terra Capital, and Accendo Banco which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.

ON BEHALF OF EMPRESS ROYALTY CORP.

Per: Alexandra Woodyer Sherron, CEO and President

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements about Empress’ expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress not being successful in identifying suitable investment opportunities, being able to successfully complete technical, financial or legal diligence in respect of investment opportunities it has identified, being able to negotiate and enter into binding agreements for royalty or stream deals with potential counterparties, actual production by companies in our portfolio meeting anticipated production; volatility in the price of gold and silver, risks inherent in the mining industry to which the companies in our portfolio are subject, the impact of the current COVID-19 pandemic on the companies in our portfolio, activities by governmental authorities (including changes in taxation), currency fluctuations and the accuracy of the mineral reserves, resources and recoveries set out in the technical data published by the companies in our portfolio. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are referred to the risk factors and contained in Empress’ most recent annual information form for a description of the principal risks affecting Empress, its business and its securities. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information.

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce receipt of the first revenue from the Sierra Antapite gold mine in Peru, a deal executed on July 28th. 

“Empress Royalty is now a revenue-generating royalty and streaming company”, stated CEO Alexandra Woodyer Sherron. “Achieving this milestone only eight months after publicly listing confirms our ability to deliver on our strategy. With a solid portfolio of investments and a strong pipeline, Empress will continue to increase revenue generation with corresponding value creation for our shareholders.” 

Empress Royalty has a US$10M gold stream agreement on the payable gold production from the Sierra Antapite mine in Peru at 20% of the gold spot price. The Stream is on 4.5% of the payable gold production for the first 11,000 gold ounces and 1% thereafter for life-of-mine. The first tranche of US$5M has been funded which provides Empress Royalty with 2.25% of the payable gold production. The final tranche is anticipated to be completed in the next couple of months (see July 28, 2021 news release). 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new royalty and streaming creation company focused on providing investors with a diversified portfolio of gold and silver investments. Since publicly listing in December 2020, Empress Royalty has built a portfolio of 17 precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial, Terra Capital, and Accendo Banco which allow Empress Royalty to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. 

ON BEHALF OF EMPRESS ROYALTY CORP. 

Per: Alexandra Woodyer Sherron, CEO and President 

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin Taylor, Investor Communications, by email at [email protected] or by phone at +1.604.331.2080. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains statements about Empress’ expectations regarding the Alliance Agreement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “anticipates”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Although Empress believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include Empress not being successful in identifying suitable investment opportunities, being able to successfully complete technical, financial or legal diligence in respect of investment opportunities it has identified, being able to negotiate and enter into binding agreements for royalty or stream deals with potential counterparties. Readers are referred to the risk factors and contained in Empress’ most recent annual information form for a description of the principal risks affecting Empress, its business and its securities. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information.