Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce the execution of a US$10M gold stream agreement (the “Stream”) on the Sierra Antapite mine in Peru owned by the private corporation Sierra Sun Group, through it’s 100% owned Peruvian company Sierra Antapite S.A.C Mining Unit (“Sierra Antapite”). 

“We are pleased to announce that Empress has executed a US$10M gold stream which will become our first revenue generating investment,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “We are excited to be working with Sierra Sun Group to provide funding for expansion of production at their Sierra Antapite gold mine. The Sierra Antapite investment is a turning point for our Company, transforming Empress into a revenue generating royalty and streaming company.” 

THE INVESTMENT & TRANSACTION 

Empress has 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 on 4.5% of the payable gold production for of the first 11,000 gold ounces and 1% thereafter for life of mine. The Stream will be registered and secured against the mine. The Stream will be funded in two tranches of US$5M, each tranche is subject to typical conditions precedent before funding. The first tranche of US$5M has been funded on July 28, 2021 and the final tranche is anticipated to be completed by the end of September 2021. 

The mine will use Empress’ investment to increase its processing capacity from 750 to 1,000 tonnes-per-day. 

THE PROJECT 

The Sierra Antapite mine is located in Huaytara province, department Huancavelica, Peru. It is classified as a vein-hosted low sulphization epithermal deposit and has been operated by Peru-based management and shareholders since December 2016 when the mine was purchased from Buenaventura. Based on management’s internal assessment and long-term planning, the mine has more than a five year life-of-mine (“LOM”) at a rate of 1,000tpd. Long Hole Stoping (“LHS”) and Cut-and-Fill (“CAF”) are the two mining methods utilized at the mine. Since initiation of operation in 2002, the mine has reported to have produced approximately one million ounces of gold. 

The mine is fully permitted, has all social licenses to operate, and sells dore bars through either Metalor Technologies, a Switzerland-based refiner, or through Procesadora Sudmerica S.R.L, a Peru-based refiner. The cyanidation and Carbon-in-Carbon (“CIC”) flowsheet is straight forward, with no need for fine or ultra-fine grinding, no refractory ore and the flowsheet is “off the shelf” technology. Given this is an operating company with a track record, realized results de-risks many operating assumptions and inputs used in production forecasts derived from realized results. 

For further information, please see the Sierra Sun Group LinkedIn page (https://www.linkedin.com/company/sierrasungroup/). 

ABOUT SIERRA SUN GROUP 

The Group began its activities providing services to the mining industry over 20 years ago, Gemin Associates and Gemin Construction are well recognized in the mining market for providing specialized services and integral solutions for the development of mining projects at international level, through study services, geology, engineering, project management, maintenance, and mining operations. Presently working for local and international mining companies. 

This naturally led to develop their own mines. Over the past seven years the group’s team of top geologists have been working identifying and studying concessions and mines to build up this important portfolio. 

Sierra Sun Group is a group of companies that now hold over 65,000 hectares of mining concessions in central and southern Peru. The Group has three mineral based portfolios: Gold, Polymetallic and Copper, the Gold portfolio holds Antapite mine and three other projects, the Polymetallic portfolio has Sumaq Rumi mine and one project, whilst the Copper portfolio consist of three copper porphyries project and an underground copper project. 

The Sierra Sun Group has over 750 employees in its operations and third-party projects all working under strict Covid-19 protocols enabling business as usual. 

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. Empress has a current 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 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. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce the amendment of our agreement (the “Agreement”) with Endeavour Financial Ltd. (“Endeavour”) to assist with the identification, evaluation and implementation of funding options including possible debt facilities, as well as, corporate mergers and acquisitions or similar business combinations. 

“We have expanded the role of Endeavour to help Empress accelerate its growth strategy,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “We have been working closely with Endeavour since our inception, building a strong platform to identify investment opportunities and continue to do so. Endeavour’s expanded role is to source and evaluate debt facility opportunities and/or corporate transactions for Empress. Endeavour’s team is an award-winning group of mining finance experts with a proven track record of success.” 

Endeavour will provide the Company with general corporate financial advice with respect to its strategic direction and corporate development, pursuant to which Endeavour will provide advice and assistance regarding the solicitation, structuring, negotiating, and closing of potential transactions. This relationship exposes the Company to Endeavour’s industry network of contacts and large human resources pool to provide strategic advice. 

ABOUT ENDEAVOUR FINANCIAL CORP. 

Endeavour Financial, with offices in London, UK and George Town, Cayman Islands, is one of the top mining financial advisory firms, with a record of success in the mining industry, specialising in arranging multi-sourced funding solutions for development-stage companies. Endeavour Financial, founded in 1988, has a well-established reputation of achieving success with over US$500 million in royalty and stream finance, US$4 billion in debt finance and US$28 billion in mergers and acquisitions. The Endeavour Financial team has diverse experience in both natural resources and finance, including investment bankers, geologists, mining engineers, cash flow modellers and financiers. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial, Terra Capital and Accendo 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 closed and funded the final payment of US$3M of the US$5M silver stream agreement (the “Stream”) on the Tahuehueto project in Mexico owned by Altaley Mining Corporation (“Altaley”) previously known as Telson Mining Corporation. 

“The completion of the US$5M silver stream is an important milestone for Empress as we continue to deliver on our plans to build a diversified portfolio of gold and silver investments,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “We are pleased to be working closely with Altaley and our strategic partners to bring this quality asset into production.” 

THE INVESTMENT & TRANSACTION 

As announced on April 16, 2021 and April 29, 2021, Empress executed and has now fully funded the US$5M silver stream agreement on production from Altaley’s Tahuehueto project in Mexico. The US$5M Stream is on 100% of the payable silver production from Tahuehueto for the first 1,250,000 payable ounces; thereafter, the percentage will step-down to 20% of the payable silver production to a maximum of 10 years from first production after which the Stream terminates. 

Altaley has announced that its Tahuehueto project is approximately 60% constructed, with initial production forecast for late 2021 and full scale production forecast for early 2022. For further information, please see the Altaley Mining Corporate website for more information (www.altaleymining.com). 

The Stream is part of a US$25M full financing solution being provided to Altaley by Empress and its strategic partners, Accendo Banco (“Accendo”) and Endeavour Financial (“Endeavour Financial”). The US$25M financing included a Altaley US$8M equity private placement which closed on March 30, 2021, a US$5M silver stream created by Empress and a US$12M debt facility from Accendo. 

THE PROJECT 

Tahuehueto is located in the mining friendly jurisdiction of Durango, Mexico. It is a typical epithermal polymetallic mineral deposit in this part of Mexico, with metals consisting of gold silver, zinc, copper and lead. Based on the PFS completed in 2017, the project had a 21 year life-of-mine at a production rate of 550 tonnes per day, however, Altaley has elected to build a 1,000 tonnes per day mining operation to achieve improved economics. 

The mine is fully permitted, has all social licenses to operate, including with the local Ejido, has offtake agreements in place with Trafigura, and has already produced a saleable concentrate, processing over 42,000 tonnes of ore on a toll mill basis during 2018 – 2019. This confirmed the metallurgy as straight forward, with no need for fine or ultra-fine grinding, no refractory ore and the process uses standard “off the shelf” technology realizing excellent recoveries of payable metals. 

TAHUEHUETO PROJECT – NI 43-101 RESOURCE AND RESERVE

(Source: Metal Mining Consultants Inc. – Pre-Feasibility Study – January 2017) 

Tahuehueto Project Mineral Reserve Estimate
Classification	Tonnes	Au/t	Oz Au	Ag/t	Oz Ag	Cu%	Lbs. Cu	Pb%	Lbs. Pb	Zn%	Lbs Zn
	X1000	g	X1000	g	X1000		X 1000		X1000		X1000
Probable Reserves	3,264	3.40	356	41.80	4,387	0.35	25,028	1.19	85,762	2.24	161,314

Note: Mineral Reserves were defined as mineralized material that occurred within the stope shapes that were based on and NSR value of $62/t. Measured and Indicated resources within the defined mining shapes (stopes) were used to estimate Probable Reserves. No Proven Reserves were defined due to the limited definition resource drilling, limited definition by exploratory mining and the lack of geotechnical data that addresses underground mining. Probable Mineral Reserves include the effects of mining dilution assumptions which average 15% and extraction ratio assumptions which averaged 94%. Mining dilution was assumed to have zero (0) grade.

Canadian Institute of Mining, Metallurgy and Petroleum standards were followed in the estimation of the Mineral Reserves. Mineral Reserves were estimated using metal price forecasts of $0.60/lb for lead, $0.75/lb for zinc, $2.10/lb for copper, $1,000/oz for gold and $19.12/oz for silver. The low metal prices were selected to drive the mine plan towards mineralization with the highest confidence in the prospects of economic extraction. These metal prices were not used for the economic analysis of the mineral deposit. Totals may not add due to rounding. The foregoing mineral reserves are included within the current Mineral Resource Estimate for the Project.

Tahuehueto Measured and Indicated Resources
Classification	Tonnes	Au/t	Oz Au	Ag/t	Oz Ag	Cu%	Lbs. Cu	Pb%	Lbs. Pb	Zn%	Lbs Zn
	X1000	g	X1000	g	X1000		X 1000		X1000		X1000
Measured	2,771	2.77	247	44.70	3,982	0.31	18,914	1.27	77,827	2.29	139,821
Indicated	3,343	2.23	240	41.26	4,435	0.30	22,466	1.15	84,455	2.04	155,687
Total M&I	6,114	2.48	487	42.82	8,417	0.31	41,380	1.20	162,282	2.15	295,508
Tahuehueto Inferred Resources
Classification	Tonnes	Au/t	Oz Au	Ag/t	Oz Ag	Cu%	Lbs. Cu	Pb%	Lbs. Pb	Zn%	Lbs Zn
	X1000	g	X1000	g	X1000		X 1000		X1000		X1000
Inferred	3,501	1.31	147	37.59	4,230	0.27	20,469	1.34	103,080	2.44	188,409

Note: The above mineral resources have been calculated using a cut-off of 2.5 g/t Au Equivalent. These resource numbers are preliminary in nature. They include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

For further information, please see the Altaley Mining Corporate website for more information (www.altaleymining.com) 

Richard Mazur, P.Geo., a consultant to Empress Royalty and Qualified Person under National Instrument 43-101 has reviewed and approved the contents of this news release. 

ABOUT ALTALEY MINING CORPORATION 

Altaley’s Tahuehueto mining project is located in Durango State, Mexico and construction has been advanced to an estimated 60% of completion. Upon closing of the US$25M funding package, Altaley now has funding available to finish construction of its processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at Tahuehueto. Altaley is targeting initial production by end of 2021 and ramping up to full production capacity during the first quarter of 2022. For further information, on Altaley Mining Corporation’s, Tahuehueto project in Mexico, please see the Altaley Mining Corporate website for more information (www.altaleymining.com) 

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. Empress has a current portfolio of 16 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 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 Stream and the Tahuehueto mining project 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, or 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.

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) reports that it has retained Venture Liquidity Providers Inc. (“VLP”) to initiate market-making services to aid in maintain an orderly trading market and improving the liquidity of Empress’ common shares. 

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange (the “Exchange”) and other applicable laws. 

For its services, Empress has agreed to pay VLP $5,000 per month for a period of three months. The agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arms length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer Co. Ltd. The fee paid by the Company to VLP is for services only. 

The agreement is subject to Exchange approval. 

ABOUT VENTURE LIQUIDITY PROVIDERS INC. 

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX Venture Exchange listed issuers. VLP’s exclusive Market Making Service is provided by W.D. Latimer Co. Limited, Canada’s premier Market Making Firm. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners 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 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected]. 

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 Stream Purchase 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 of Telson constructing its plant at the Tahuehueto project and bringing the project into profitable production. 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” or the “Company”) reports that Terra Capital Natural Resource Fund Pty Ltd. (“Terra Capital”) has purchased 500,000 common shares of the Company in the market thereby increasing its holdings to a total of 14,383,461 common shares. 

Jeremy Bond commented on the reason for Terra Capital increasing its shareholding in Empress: “Since its inception less than one year ago Empress has developed a unique business strategy and transformed itself through the creation of three new royalties and streams on development stage projects. As Empress continues to deliver and execute on its growth plans by including producing assets in its portfolio, I expect its shares to re-rate materially.” 

Prior to the acquisition, Terra Capital owned or controlled 13,883,461 common shares of the Company representing 13.28% of the issued and outstanding shares and 14.1% assuming the exercise of 1,000,000 share purchase warrants (the “Warrants”) held by Terra Capital. After the market acquisition of 500,000 common shares Terra Capital now owns or controls 14,383,461 common share of the Company representing 13.75% of the outstanding common shares and 14.57% assuming the exercise the Warrants, reflecting an increase of 0.5% of the 104,574,385 issued and outstanding common shares of Empress. 

Terra Capital has a long-term view of the investment and may acquire additional securities either on the open market or through private acquisitions or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report required to be filed with the applicable securities commissions in connection with Terra Capital’s total position will be available on SEDAR at www.sedar.com. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners 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 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected]. 

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 Stream Purchase 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 of Telson constructing its plant at the Tahuehueto project and bringing the project into profitable production. 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” or the “Company”) is pleased to announce it has funded the initial payment of US$2M of the US$5M silver stream agreement (the “Stream”) on the Tahuehueto project in Mexico owned by Telson Mining Corporation (“Telson”). 

As announced on April 16, 2021, Empress executed the Stream agreement on production of 100% of the payable silver production from Telson’s Tahuehueto for the first 1,250,000 payable ounces, thereafter, the percentage will step-down to 20% of the payable silver production to a maximum of 10 years from first production after which the Stream terminates. 

The Stream is part of a US$25M full financing solution being provided to Telson by Empress and its strategic partners, Accendo Banco (“Accendo”) and Endeavour Financial (“Endeavour”). The US$25M financing included a Telson US$8M equity private placement which closed on March 30, 2021, a US$5M silver stream created by Empress and a US$12M debt facility from Accendo. With the first tranche initial payment of the Stream completed, the remaining US$3M second tranche will be funded on the closing of the Accendo debt facility and re-structuring of existing loans. Telson has informed the Company that documentation for the Accendo Banco loan is progressing well and anticipates closing in May 2021. 

ABOUT EMPRESS ROYALTY CORP. 

Empress Royalty is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners 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 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. 

ABOUT TELSON MINING CORPORATION 

Telson’s Tahuehueto mining project is located in Durango State, Mexico and construction has been advanced to an estimated 60% of completion. Upon closing of the US$25M funding package, Telson will have funding available to finish construction of its processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at Tahuehueto. Telson is targeting initial production by end of 2021 and ramping up to full production capacity during the first quarter of 2022. For further information, on Telson Mining Corporation’s, Tahuehueto project in Mexico, please see the Telson Mining Corporate website for more information (www.telsonmining.com). 

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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected]. 

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 Stream Purchase 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 of Telson constructing its plant at the Tahuehueto project and bringing the project into profitable production. 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” or the “Company”) is pleased to announce it has closed and funded the previously reported 2.25% royalty (the “Royalty”) on production from the Manica hard rock gold project in Mozambique (“Manica” or the “Project”) operated by Mutapa Mining & Processing LDA (“MMP”). 

“The Manica gold project Royalty marks an exciting milestone for Empress,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “Once MMP completes construction, Manica is expected to be our first revenue generating African investment. The successful closing and funding of this royalty demonstrates Empress’ commitment to creating new royalties to help bring projects into production.” 

THE INVESTMENT & TRANSACTION 

On February 22, 2021, Empress executed a Royalty Purchase Agreement for the creation of a royalty on gold sales from Manica for an aggregate consideration of US$2,000,000. Payments to Empress under the Royalty Agreement are based on 2.25% of the revenues generated from the sale of gold from the Project until a total of 95,000 oz of gold have been sold. Thereafter, the percentage shall reduce to 0.75% and shall continue into perpetuity. The Royalty is secured by a first ranking security interest in certain assets of MMP. On April 20, 2021, Empress fully closed and funded the US$2,000,000. 

THE PROJECT 

Manica is located in the Odzi-Mutare-Manica Greenstone Belt of Mozambique and comprises of several deposits on Xtract’s Resources Plc mining concession license 3990C (the “Concession”) which includes four deposits being Fair Bride, Guy Fawkes, Boa Esperanza, and Dots Luck. 

MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession. 

Minxcon Pty Ltd (“Minxcon”), an engineering and consulting firm from South Africa, prepared a technical report (the “Technical Report”) entitled “NI43-101 Technical Report on the Fair Bride Gold Project, Mozambique, Mineral Resource Report“ dated February 1, 2021 by U. Egelmann B.Sc. (Zoo. & Bot.), B.Sc. Hon. (Geol.), Pr.Sc.Nat., MGSSA (a copy is available at www.sedar.com under Empress’ profile). 

The Technical Report provides a Total Mineral Resource estimate for Fairbride at a cut-off grade of 0.5 g/t. The Mineral Resource estimate is further subdivided into a Surface Minable Mineral Resource (“Open Cut Mineral Resource”) and an Underground Mineable Mineral Resource. A cut-off grade of 0.5 g/t was use for the Open Cut Mineral Resource and higher cut-off grade of 1.5 g/t was used for the Underground Mineable Mineral Resource. The tables below summarise the resources as set out in the Technical Report. 

Total Mineral Resource for Fair Bride 

(at 0.5% g/t cut-off grade as at February 1, 2021) 

Mineral Resource Category	Tonnes	Gold Grade	Gold Content
	Mt	g/t	kg	koz
Measured	9.764	1.86	18,163	584.0
Indicated	4.239	1.59	6,757	217.2
Total M&I	14.003	1.78	24,920	801.2
Inferred	12.930	1.65	21,313	685.2

Notes: 1) Mineral Resources are declared at indicated cut-offs. 2) No geological losses are accounted for. 3) A gold price of USD$1,650 /oz was used for the cut-offs. 4) Mineral Resources are inclusive of Minerals Reserves (no Mineral Reserves declared). 5) Mineral Resources are reported as 100% attributable. 

Open Cut Mineral Resource at 0.5 g/t cut-off grade and final depth of 280m below surface as at 1 February 2021

Mineral Resource Category	Tonnes	Gold Grade	Gold Content
	Mt	g/t	kg	koz
Measured	9.750	1.86	18,130	582.9
Indicated	3.310	1.62	5,368	172.6
Total M&I	13.060	1.80	23,498	755.5
Inferred	0.894	1.17	1,049	33.7

Notes:  1) Mineral Resources are declared at indicated cut-offs.  2) No geological losses are accounted for.  3) A gold price of USD$1,650 /oz was used for the cut-offs.  4) Mineral Resources are inclusive of Minerals Reserves (no Mineral Reserves declared).  5) Mineral Resources are reported as 100% attributable.

Underground Mineral Resource at 1.5 g/t cut-off and depth from 280m below surface as at 1 February 2021

Mineral Resource Category	Tonnes	Gold Grade	Gold Content
	Mt	g/t	kg	koz
Measured	0.005	4.40	24	0.8
Indicated	0.307	2.61	801	25.8
Total M&I	0.312	2.64	825	26.5
Inferred	5.350	2.59	13,874	446.1

Notes:  1) Mineral Resources are declared at indicated cut-offs.  2) No geological losses are accounted for.  3) A gold price of USD$1,650 /oz was used for the cut-offs.  4) Mineral Resources are inclusive of Minerals Reserves (no Mineral Reserves declared).  5) Mineral Resources are reported as 100% attributable.

A mineral reserve estimate was prepared for Fair Bride in 2016 as part of a SAMREC-compliant Definitive Feasibility Study (“DFS”).  However, significant changes to the mine plan and strategy since the DFS mean this reserve estimate is no longer current and does not comply with the requirements of NI 43-101.  MMP plans to exploit the Open Cut Mineral Resource at Fair Bride without updating the DFS or its reserve estimate or completing further studies.  

MMP has advised Empress that it intends to mine and process the oxide and transitional ore at Fair Bride and other deposits on the Concession by installing a processing plant utilising a CIL process capable of processing up to 42,000 tonnes per month.  An existing grinding circuit is already in place and MMP is advancing the engineering, fabrication and installation of the CIL plant and preparation work for associated infrastructure.

Empress will provide a further update on Project progress in due course.

ABOUT EMPRESS ROYALTY CORP.

Empress Royalty is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital.  The Company has strategic partnerships with Endeavour Financial in London, Terra Capital in Australia and Accendo Banco in Mexico 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected].

Richard Mazur, P.Geo, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has read and approved the technical and scientific information contained in this press release.  Mr. Mazur is a Director of the Company.

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 Royalty Purchase Agreement and Royalty 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 of MMP in constructing its plant at the Project and bringing the Project into production. 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” or the “Company”) is pleased to announce the appointment of Natascha Kiernan to the Board of Directors. Empress is also pleased to announce the appointment of Javier Reyes as a Strategic Advisor and David Laing as Technical Advisor to the Company. 

“I am excited to welcome Natascha, Javier, and David to the Empress Royalty team” stated CEO and President Alexandra Woodyer Sherron. “As we position ourselves for growth, the skills, business acumen, and experience of these new team members will not only strengthen our business strategy, it will support the creation of long-term shareholder value.” 

Natascha Kiernan is a lawyer and consultant with over 15 years of experience specializing in transactions involving mining and other natural resources. Natascha has held senior positions with several prominent international law firms, including the New York and London offices of Skadden, Arps, Slate, Meagher & Flom, and was listed as a “Top 40 under 40” rising legal star by the Financial News and is on the board of several public companies. She brings extensive legal experience in mining, as well as, corporate governance expertise. 

Javier Reyes is the Co-Founder, Chairman and CEO of Accendo Banco. He began his professional and financial career in 1996 with a well-known brokerage firm in Mexico City and has been involved in the finance and mining industries for over 25 years in Mexico. Javier holds a Bachelor’s Degree in Economics and Business Adminstration and also holds a Masters in Finance. Javier contributes extensive knowledge and expertise in Mexico and Latin America to Empress. 

David Laing has more than 35 years of experience in mining operations, projects, engineering studies, mining finance, M&A, and corporate development in both precious and base metals. Formerly a Technical Director of Endeavour Financial, David is responsible for mine technical analysis and has previously held senior executive positions at Endeavour Mining Corp., Equinox Gold Corp. (COO), True Gold Mining Inc. (COO), and Quintana Resources (COO). David has also held senior positions at Standard Bank, technical consulting at MRDI, and various roles at Billiton and Royal Dutch Shell’s mining business. David brings significant global mining technical expertise and experience to Empress. 

STOCK OPTIONS GRANTED 

The Directors granted a total of 8,900,000 stock options to its Directors, Officers, Consultants and Employees, exercisable for up to five years at a price of $0.50 per share being a premium to the closing price of the Company’s common shares on the day prior to grant. The options granted will vest equally over a three-year period. The options granted will be subject to applicable regulatory hold periods. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 16 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial in London, Terra Capital in Australia and Accendo Banco in Mexico 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected]. 

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, or 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. 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce the execution of the US$5M silver stream agreement (the “Stream”) on the Tahuehueto project in Mexico owned by Telson Mining Corporation (“Telson”). 

“We are excited to be working with Telson and our strategic partners to get this remarkable asset into production,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “This transaction demonstrates the unique funding solutions we can provide to our mining company partners and highlights the value of our strategic partnerships. We continue to deliver on our strategy to build a portfolio of near-term producing assets and creating value for our shareholders.” 

THE INVESTMENT & TRANSACTION 

Empress has now executed the US$5M silver stream agreement on production from Telson’s Tahuehueto project in Mexico. The US$5M Stream is on 100% of the payable silver production from Tahuehueto for the first 1,250,000 payable ounces; thereafter, the percentage will step-down to 20% of the payable silver production to a maximum of 10 years from first production after which the Stream terminates. 

Telson has announced that its Tahuehueto project is approximately 60% constructed, with initial production forecast for late 2021 and full scale production forecast for early 2022. For further information, please see the Telson Mining Corporate website for more information (www.telsonmining.com). 

FULL FINANCING SOLUTION 

The US$5M silver stream will be provided in two tranches (US$2M shortly and US$3M on closing of the Accendo Banco loan) and represents the second stage of a US$25M full financing solution being provided to Telson by Empress and its strategic partners Accendo Banco and Endeavour Financial. The first stage was the US$8M private placement in Telson which closed on March 30, 2021. The third stage is the Accendo Banco US$12M loan facility and re-finance of existing loans. In the event the third stage fails to close, the obligations of the Stream will terminate and any partial draw downs of the Stream advance are to be converted into shares of Telson at the then Market Price as calculated on the date of termination. Telson has informed the Company that documentation is progressing well and anticipates closing near the end of April or early May 2021. 

This full financing package demonstrates the opportunity that Empress and its strategic partners can offer its mining company partners, to expand production or get development assets into production. 

THE PROJECT 

Tahuehueto is located in the mining friendly jurisdiction of Durango, Mexico. It is a typical epithermal polymetallic mineral deposit in this part of Mexico, with metals consisting of gold silver, zinc, copper and lead. Based on the PFS completed in 2017, the project had a 21 year life-of-mine (“LOM”) at a production rate of 550 tonnes per day. 

The mine is fully permitted, has all social licenses to operate, including with the local Ejido, has offtake agreements in place with Trafigura, and has already produced a saleable concentrate, processing over 42,000 tonnes of ore on a toll mill basis during 2018 – 2019. This confirmed the metallurgy as straight forward, with no need for fine or ultra-fine grinding, no refractory ore and the process uses standard “off the shelf” technology realizing excellent recoveries of payable metals. 

TAHUEHUETO PROJECT – NI 43-101 RESOURCE and reserve

(Source: Metal Mining Consultants Inc. – Pre-Feasibility Study – January 2017)

Tahuehueto Project Mineral Reserve Estimate
Classification	Tonnes	Au/t	Oz Au	Ag/t	Oz Ag	Cu%	Lbs. Cu	Pb%	Lbs. Pb	Zn%	Lbs Zn
	X1000	g	X1000	g	X1000		X 1000		X1000		X1000
Probable Reserves	3,264	3.40	356	41.80	4,387	0.35	25,028	1.19	85,762	2.24	161,314

Note: Mineral Reserves were defined as mineralized material that occurred within the stope shapes that were based on and NSR value of $62/t. Measured and Indicated resources within the defined mining shapes (stopes) were used to estimate Probable Reserves. No Proven Reserves were defined due to the limited definition resource drilling, limited definition by exploratory mining and the lack of geotechnical data that addresses underground mining. Probable Mineral Reserves include the effects of mining dilution assumptions which average 15% and extraction ratio assumptions which averaged 94%. Mining dilution was assumed to have zero (0) grade.

Canadian Institute of Mining, Metallurgy and Petroleum standards were followed in the estimation of the Mineral Reserves. Mineral Reserves were estimated using metal price forecasts of $0.60/lb for lead, $0.75/lb for zinc, $2.10/lb for copper, $1,000/oz for gold and $19.12/oz for silver. The low metal prices were selected to drive the mine plan towards mineralization with the highest confidence in the prospects of economic extraction. These metal prices were not used for the economic analysis of the mineral deposit. Totals may not add due to rounding. The foregoing mineral reserves are included within the current Mineral Resource Estimate for the Project.

Tahuehueto Measured and Indicated Resources
Classification	Tonnes	Au/t	Oz Au	Ag/t	Oz Ag	Cu%	Lbs. Cu	Pb%	Lbs. Pb	Zn%	Lbs Zn
	X1000	g	X1000	g	X1000		X 1000		X1000		X1000
Measured	2,771	2.77	247	44.70	3,982	0.31	18,914	1.27	77,827	2.29	139,821
Indicated	3,343	2.23	240	41.26	4,435	0.30	22,466	1.15	84,455	2.04	155,687
Total M&I	6,114	2.48	487	42.82	8,417	0.31	41,380	1.20	162,282	2.15	295,508
Tahuehueto Inferred Resources
Classification	Tonnes	Au/t	Oz Au	Ag/t	Oz Ag	Cu%	Lbs. Cu	Pb%	Lbs. Pb	Zn%	Lbs Zn
	X1000	g	X1000	g	X1000		X 1000		X1000		X1000
Inferred	3,501	1.31	147	37.59	4,230	0.27	20,469	1.34	103,080	2.44	188,409

Note: The above mineral resources have been calculated using a cut-off of 2.5 g/t Au Equivalent. These resource numbers are preliminary in nature. They include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

For further information, please see the Telson Mining Corporate website for more information (http://www.telsonmining.com/home/default.aspx )

Richard Mazur, P.Geo., a Director of Empress Royalty and Qualified Person under National Instrument 43-101 has reviewed and approved the contents of this news release.

ABOUT EMPRESS ROYALTY CORP.

Empress is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies.  Empress has a portfolio of 16 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital.  The Company has strategic partnerships with Endeavour Financial in London, Terra Capital in Australia and Accendo Banco in Mexico 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected].

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, or 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 

Empress Royalty Corp. (TSXV:EMPR │ OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce that the TSX Venture Exchange (“TSXV“) has accepted for listing up to 17,250,000 common share purchase warrants of the Company (the “Warrants“). The Warrants will be listed for trading on the TSXV under the symbol “EMPR.WT” effective at market open on March 30, 2021. 

A total of 15,752,500 Warrants are presently issued and outstanding, and were issued pursuant to a prospectus offering of 31,505,000 units (including a partial exercise of the underwriters’ over-allotment option), which closed on March 25, 2021. The underwriters have 30 days from closing to exercise the remaining portion of the over-allotment option. An additional 1,497,500 Warrants may be issued if the underwriters exercise the over-allotment option in full. 

Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of C$0.75 until March 25, 2023. The Warrants were issued pursuant to, and are governed by, the terms of a warrant indenture dated March 25, 2021 between the Company and Computershare Trust Company of Canada, as warrant agent, a copy of which is available under the Company’s SEDAR profile at www.sedar.com. 

The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new precious metals royalty and streaming company focused on the creation of unique financing solutions for mining companies. Empress has a portfolio of 15 investments and is actively focused on finding industry partners with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial in London, Terra Capital in Australia and Accendo Banco in Mexico 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 Alexandra Woodyer Sherron, CEO and President, by phone at +1.604.331.2080 or email at [email protected]. 

CAUTIONARY STATEMENT: 

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 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 closing of the Offering, the exercise of the Over-Allotment Option, 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, or 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.