EMPRESS CLOSES C$15.75 MILLION BOUGHT DEAL PUBLIC OFFERING 

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 it has closed its previously announced bought deal public offering (the “Offering”). The Offering was co-led by Red Cloud Securities Inc. and Canaccord Genuity Corp., acting as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters including Mackie Research Capital Corporation (collectively, the “Underwriters”). Pursuant to the Offering, the Company issued a total of 31,505,000 units of the Company (the “Units”) at a price of C$0.50 per Unit for gross proceeds of C$15,752,500, which included the partial exercise of the over-allotment option granted by the Company to the Underwriters. 

“We would like to thank our existing and new shareholders for their continued support of Empress,” stated Alexandra Woodyer Sherron, CEO and President. “We are looking forward to deploying this capital, expanding our portfolio and bringing value to our shareholders.” 

Each Unit consists of one common share in the capital of the Company (each a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.75 until March 25, 2023. The Units were offered pursuant to a short form base shelf prospectus dated February 4, 2021 as supplemented by a prospectus supplement dated March 18, 2021 (the “Prospectus”) in all provinces of Canada except Quebec. 

The net proceeds from the Offering will be used for the purposes as outlined in the Prospectus. 

In connection with the Offering, the Underwriters received a cash commission of C$996,975 and were issued 854,550 broker warrants (the “Broker Warrants”). Each Broker Warrant is exercisable to acquire one Common Share at an exercise price of C$0.50 until March 25, 2023. 

In addition to the Offering, the Company closed a non-brokered private placement (the “Private Placement”) by the issue of an additional 1.3 million units of the Company (the “Private Placement Units”) for gross proceeds of C$650,000. The Private Placement Units have the same terms as the Units sold in the Offering. The net proceeds from the Private Placement will be allocated to the Company’s cash reserve retained for future acquisitions, due diligence and expenditures and for general corporate purposes. The common shares, warrants and any common shares issued pursuant to the exercise of any warrants sold in the Private Placement are subject to a hold period which expires on July 26, 2021. The Company anticipates paying finder’s fees in amounts consistent with market norms in respect of certain of the subscriptions in the Private Placement. 

The Offering and the Private Placement remain subject to the final acceptance of the TSX Venture Exchange. 

The securities offered pursuant to the Offering and the Private Placement 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 potential changes in the intended use of the net proceeds of the Offering and the Private Placement, receipt of final acceptance of the TSX Venture Exchange in respect of the Offering and the Private Placement, 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 ANNOUNCES UPSIZE OF ITS PREVIOUSLY ANNOUNCED BOUGHT DEAL PUBLIC OFFERING TO C$15 MILLION 

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 due to significant demand, the Company has increased the gross proceeds of the previously announced bought deal public offering (the “Offering”) from C$12 million to C$15 million. Under the revised Offering, the Underwriters have agreed to purchase for resale 30 million units of the Company (the “Units”) at a price of C$0.50 per Unit (the “Offering Price”) on a “bought deal” basis. Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one half of one common share purchase warrant (each a “Warrant”). Each whole Warrant shall be exercisable into one common share (a “Warrant Share”) at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Offering. The revised Offering is being led by Red Cloud Securities Inc. and Canaccord Genuity Corp. acting as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters including Mackie Research Capital Corp. (collectively, the “Underwriters”). 

As part of the revised agreement, the Company has granted the Underwriters an over-allotment option, exercisable at any time up to 30 days from and including the closing date, to purchase for resale up to 4.5 million additional Units at the Offering Price to raise additional gross proceeds of up to C$2.25 million. 

The net proceeds from the Offering will be used for acquisitions and general corporate purposes. The Units will be offered pursuant to a base shelf prospectus dated February 4, 2021 and a prospectus supplement to be filed in all provinces of Canada with the exception of Quebec. The Offering is scheduled to close on or about March 25, 2021 and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the listing and trading of the Common Shares, Warrants and the Warrant Shares on the TSX Venture Exchange. 

In addition to the Offering, the Company is conducting a non-brokered private placement (the “Private Placement”) to raise an additional $0.65 million from the sale of an additional 1.3 million Units. The Units will have the same terms as the Units sold in the Offering, the net proceeds from the Private Placement will be used for the same purposes as the Offering proceeds, and the closing of the Private Placement will happen concurrently with the closing of the Offering. The Private Placement is subject to certain conditions, including the approval of the listing and trading of the Common Shares, Warrants and the Warrant Shares on the TSX Venture Exchange 

The securities to be offered pursuant to the Offering 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. 

EMPRESS ANNOUNCES C$12 MILLION BOUGHT DEAL PUBLIC OFFERING 

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 it has entered into an agreement with Red Cloud Securities Inc. and Canaccord Genuity Corp. to act as co-lead underwriters on behalf of a syndicate of underwriters (collectively, the “Underwriters”) pursuant to which the Underwriters shall purchase for resale 24,000,000 units of the Company (the “Units”) at a price of C$0.50 per Unit (the “Offering Price”) on a “bought deal” basis for gross proceeds of C$12,000,000 (the “Offering”). Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one half of one common share purchase warrant (each whole purchase warrant a “Warrant”). Each Warrant shall be exercisable into one common share (a “Warrant Share”) at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Offering. 

The Company has granted the Underwriters an over-allotment option, exercisable at any time up to 30 days from and including the closing date, to purchase for resale up to 3,600,000 additional Units at the Offering Price to raise additional gross proceeds of up to C$1,800,000. 

The net proceeds from the Offering will be used for acquisitions and general corporate purposes. The Offered Shares will be offered pursuant to a base shelf prospectus dated February 4, 2021 and a prospectus supplement to be filed in all provinces of Canada with the exception of Quebec. The Offering is scheduled to close on or about March 25, 2021 and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the listing and trading of the Common Shares and the Warrant Shares on the TSX Venture Exchange. 

The securities to be offered pursuant to the Offering 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. 

EMPRESS FILES TECHNICAL REPORT ON MANICA GOLD PROJECT 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) reports that in connection with its agreement to acquire a 2.25% royalty on production from the Manica hard rock gold project in Mozambique announced on February 22, 2021 (the “Manica Royalty Acquisition“) it has filed a technical report under its profile at www.sedar.com. 

The report is titled “NI 43-101 Technical Report on the Fair Bride Gold Project, Mozambique – Mineral Resource Report” (the “Report”). The Report was independently prepared for Empress Royalty Corp. by Minxcon (Pty) Ltd. and has an effective date of February 1, 2021. 

The Company expects to close the Manica Royalty Acquisition shortly, and will issue a further press release when this has happened. 

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]

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 DTC ELIGIBLE 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) reports that the Company’s common shares are eligible for delivery and depository services with the Depository Trust Company (the “DTC”) to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages. Investors can find the current Canadian financial disclosure of the Company on its profile on www.sedar.com. 

As announced on February 28, 2021, the Company’s common shares trade on the OTCQB Venture Market (“OTCQB”) in the United States under the symbol “EMPYF” in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol “EMPR”. 

The OTCQB Venture Market is for entrepreneurial and development stage United States and international companies. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB Venture Market quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. 

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]

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 PROVIDES UPDATE ON TAHUEHUETO SILVER STREAM NEGOTIATIONS AND PORTFOLIO CREATION INITIATIVES 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to provide an update on its ongoing negotiations with Telson Mining Corp (“Telson”) for the potential acquisition of a silver stream on the Tahuehueto project in Mexico, as well as, providing an update on recent developments in the advancement of Empress’ royalty and stream investment pipeline. 

“We are delighted to provide this update on the progress at Empress,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “Since listing on the TSXV two months ago, Empress has continued to create and identify investment opportunities on cash-generating assets and develop its unique business strategy in the royalty and streaming sector.” 

TAHUEHUETO SILVER STREAM NEGOTIATIONS 

Empress is now in advanced discussions to acquire a US$5M silver stream (the “Stream”) on production from Telson’s Tahuehueto project in Mexico. The Stream is expected to be 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. A non-binding term sheet outlining the principal terms of the proposed transaction has been executed, and the negotiation of binding agreements is well advanced. Management is optimistic that binding agreements will be finalized and signed, and the transaction will advance to closing in the coming weeks and will provide further updates as appropriate. 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). 

EMPRESS INVESTMENT PIPELINE – RECENT DEVELOPMENTS 

Empress recently signed exclusivity agreements with two gold producers, both of which continue to illustrate Empress’ portfolio creation strategy. The first agreement is for the creation of a gold stream and royalty package and the second is for the creation of a gold stream. Both proposed investments are subject to completion of due diligence and the negotiation and execution of binding agreements. 

The first opportunity involves the potential investment of US$10,000,000 in a South American gold producer, which the producer has indicated will permit it to expand production by a third. As this mine is currently producing, this investment should immediately become revenue-generating for Empress if the opportunity can be secured. 

The second opportunity involves a potential investment of US$2,500,000 in an African gold producer, which the producer has told Empress will facilitate the doubling of existing production. Again, if this opportunity can be secured, the investment should result in immediate revenue for Empress, as the mine is already in production. 

As stated, both of these potential transactions are currently at the diligence stage, with Empress conducting technical and financial reviews, and there is no assurance that either will result in a binding agreement. Further announcements will follow if either opportunity advances to the agreement stage. 

In addition to the above exciting opportunities, Empress has an active pipeline of US$75 million in potential producing and near-term producing investment opportunities. 

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]

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 EXECUTES NEAR-TERM CASH PRODUCING ROYALTY ON MANICA GOLD PROJECT 

Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased to announce it has executed a 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”) . 

“We are pleased to announce Empress has completed its second near-term cash producing investment with the Royalty on MMP’s Manica gold project,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “This is the first investment in an African royalty which originated from the relationship with Endeavour Financial, demonstrating the value of Empress’ strategic partners.” 

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 perpetutity. The Royalty is secured by a first ranking security interest in certain assets of MMP. Funding of the consideration by Empress is subject to conditions precedent to closing typical for a transaction of this nature and is expected to take place in early March, 2021. 

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 licence 3990C which includes four main deposits being Fair Bride, Guy Fawkes, Boa Esperanza, and Dots Luck. 

MMP and Xtract have entered into an to 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. 

Fair Bride is the main deposit and has a SAMREC compliant resource statement which Empress is currently in the process of updating to comply with the requirementsof National Instrument 43-101. Engineering and construction of the plant is also advancing. 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 15 gold royalties 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 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 Poject 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 LISTED ON OTCQB 

Empress Royalty Corp. (“Empress” or the “Company”) is pleased to announce that its common shares will commence trading at the open on February 19, 2021 on the OTCQB Venture Market (“OTCQB”) in the United States. Empress will trade under the symbol “EMPYF” in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol “EMPR”. 

“We are excited to commence trading on the OTCQB Venture Market,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “Our listing on the OTCQB completes one of our core strategies to expand global awareness of Empress and provides us with exposure to a broader investor community, including United States investors. This milestone is an important component of our investor relations strategy to increase Empress’ profile and develop further understanding of our business both within the global financial community and amongst potential mining company partners.” 

The OTCQB Venture Market is for entrepreneurial and development stage United States and international companies. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB Venture Market quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. 

In addition, the Company is currently preparing to submit an application to the Depository Trust Company (the “DTC”) to have the Company’s common shares eligible for delivery and depository services with the DTC to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages. Investors can find the current Canadian financial disclosure of the Company on its profile on www.sedar.com. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new precious metals royalty and streaming creation company with a portfolio of 14 precious metals royalties. Empress is focused on investing in development and production stage projects providing unique financing solutions for mining companies who require additional non-dilutive capital. The Company has strategic relationships with Endeavour Financial, Terra Capital and Accendo Banco. These relationships 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 creating value for its shareholders through quality cash producing royalty and streaming investments. 

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 development of its business 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 ENGAGES INVESTOR RELATIONS FIRM 

Empress Royalty Corp. (“Empress” or the “Company”) is pleased to announce that it has engaged Hybrid Financial Ltd (“Hybrid”), to provide investor relations services. Empress will continue to work closely with Peak Investor Marketing (“Peak”) and other groups in the implementation of a comprehensive marketing strategy. 

“We are excited to commence 2021 by activating our strong marketing campaign,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “We engaged Hybrid to heighten market and brand awareness. The implementation of our comprehensive strategy is to create effective capital market awareness, increase investor engagement, and allow us to connect with existing and new shareholders during what we anticipate will be a very active time for Empress.” 

Peak was engaged in August 2020 to develop, implement and manage the marketing strategy program to create capital market awareness as well as assist in corporate communications and public relations. 

Hybrid has been engaged to further heighten market and brand awareness for Empress and to broaden the Company’s reach within the investment community. The Hybrid engagement is for an initial period of six months (the “Initial Term”) and then may be renewed for successive three months terms, unless terminated by the Company in accordance with the engagement. Hybrid will be paid a monthly fee of $15,000, plus applicable taxes, during the Initial Term. 

All groups have agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”) in providing their services. The Company will pay all contracts from existing working capital. 

ABOUT HYBRID FINANCIAL 

Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new precious metals royalty and streaming creation company with a portfolio of 14 precious metals royalties. Empress is focused on investing in development and production stage projects providing unique financing solutions for mining companies who require additional non-dilutive capital. The Company has strategic relationships with Endeavour Financial, Terra Capital and Accendo Banco. These relationships 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 creating value for its shareholders through quality cash producing royalty and streaming investments. 

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 development of its business 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 COMMENCES TRADING ON THE TSXV DECEMBER 29, 2020 

Empress Royalty Corp. (“Empress” or the “Company”) is pleased to announce that its common shares will commence trading on the TSX Venture Exchange (“TSXV” or the “Exchange”) at the open of trading on Tuesday, December 29, 2020 under the symbol EMPR. 

“The commencement of trading on the TSXV is a significant milestone for Empress,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “The listing of our common shares is key in pursuing our goal of building a portfolio of cash and near-term cash producing precious metal investments. Over the past six months, we have made a significant investment in Mexico and have a strong well developed pipeline of future transactions. Our team is focused on creating financing solutions for mining company partners, continuing to deliver on our strategy and creating value for our shareholders.” 

On December 23, 2020, the Exchange issued a bulletin announcing that at the open on Tuesday December 29, 2020 Empress will commence trading. The Exchange classifies Empress as a Tier 2 Investment Company. For further information, please refer to the Company’s listing statement dated December 18, 2020 available on the Company’s profile at www.sedar.com. The Company will issue regular updates to keep the market apprised of its plans and results. 

ABOUT EMPRESS ROYALTY CORP. 

Empress is a new precious metals royalty and streaming creation company with a portfolio of 14 precious metals royalties. Empress is focused on investing in development and production stage projects providing unique financing solutions for mining companies who require additional non-dilutive capital. The Company has strategic relationships with Endeavour Financial, Terra Capital and Accendo Banco. These relationships 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 creating value for its shareholders through quality cash producing royalty and streaming investments. 

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]

This news release contains statements about Empress’ expectations regarding the development of its business 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.