Mr. Sandip Rana reports

FRANCO-NEVADA AND LUMINA ROYALTY COMPLETE PLAN OF ARRANGEMENT

Franco-Nevada Corp. and Lumina Royalty Corp. have completed the plan of arrangement between Franco-Nevada and Lumina Royalty pursuant to which Franco-Nevada has acquired all of the outstanding common shares of Lumina Royalty.

In accordance with the arrangement, Lumina Royalty shareholders will receive in the aggregate approximately 1,383,873 Franco-Nevada common shares and 760,793 Franco-Nevada warrants (FNV.WT.A with a $75 exercise price, expiring June 16, 2017) or 0.03487 Franco-Nevada common share and 0.01917 Franco-Nevada warrant per Lumina Royalty common share.

Following completion of the arrangement, Lumina Royalty will change its name to Franco-Nevada LRC Holdings Corp. Lumina Royalty will be applying to the securities regulatory authorities in Canada to cease to be a reporting issuer in due course.

We seek Safe Harbor.