Heiko Ihle

Eric Winmill

John Tumazos

Kerry Smith

- Gold Royalty Corp. announced it reached a **milestone of 250 assets** in its portfolio with the sale of the Spanish Moon Project to Kinross Gold Corporation, retaining a **3% net smelter return royalty (NSR)**.  **[1834026_0001493152-25-016462_ex99-1.htm:0]** 
- The company's royalty generator model, which created the 250th asset at minimal cost, has generated **51 royalties** since the acquisition of Ely Gold Royalties Inc. in 2021 and currently includes **36 properties** under land agreements.  **[1834026_0001493152-25-016462_ex99-1.htm:0]** 
- Gold Royalty anticipates **367% gold equivalent ounce (GEO) growth by 2029**.  **[1834026_0001493152-25-016462_ex99-1.htm:0]** 
- Key asset updates include **commercial production at Borborema** (2% NSR) as of September 23, 2025  **[1834026_0001493152-25-016462_ex99-1.htm:1]** , and an updated mineral resource estimate for **Tonopah West** (3% NSR) on September 8, 2025, reporting **21.1 Moz silver equivalent** in indicated resources.  **[1834026_0001493152-25-016462_ex99-1.htm:1]**

Gold Royalty Corp. Reaches 250th Asset Milestone and Provides Portfolio Update

- Gold Royalty Corp. announced the addition of its **250th asset**, the **Spanish Moon Project**, to its portfolio, retaining a **3% net smelter return royalty (NSR)** after its sale to Kinross Gold Corporation.  **[1834026_20251001VA87790:0]** 
- The company has grown its portfolio from **18 royalties at its March 2021 IPO to 250 royalties and streams today**, attributing this expansion to four growth pillars, including its royalty generator model.  **[1834026_20251001VA87790:0]** 
- Gold Royalty projects **367% gold equivalent ounce (GEO) growth by 2029**.  **[1834026_20251001VA87790:0]** 
- Key portfolio assets have shown recent progress, including **Borborema** achieving commercial production on **September 23, 2025**, and **County Line** receiving construction and operation approvals on **September 30, 2025**.  **[1834026_20251001VA87790:1]**

Gold Royalty (GROY)