Mr. Ryan Kalt reports

GOLD ROYALTIES CORPORATION CLOSES ROYALTY SALE, REPORTS RESULTING PROCEEDS OF C$8,349,617.89

Gold Royalties Corp. has closed its previously announced $7-million (U.S.) sale of the Eagle and Lynx royalty assets to Franco-Nevada Corp. The disposition transaction was originally announced by press release on Dec. 23, 2014.

Further to the disposition transaction, Gold Royalties advises that the gross proceeds of $7-million (U.S.) were converted into Canadian dollars, the corporation's reporting currency, with the postexchange amount equating to $8,349,617.89.

"We are pleased to close this royalty disposition with Franco-Nevada. This particular asset monetization permits us to significantly enhance our corporate treasury. I also believe the transaction serves to empirically demonstrate the sustainable underlying market value of our corporation's gold royalty assets," commented Ryan Kalt, president and chief executive officer of Gold Royalties.

Proceeds of the disposition transaction will be deployed as originally reported in the disposition transaction news release.

We seek Safe Harbor.