Mr. Geoff Waterman reports

FRANCO-NEVADA ANNOUNCES CLOSING OF WEYBURN NET ROYALTY INTEREST ACQUISITION

Franco-Nevada Corp. has closed the acquisition of an 11.7-per-cent net royalty interest in the Weyburn oil unit from Penn West Petroleum Ltd. Franco-Nevada paid $400-million in cash, prior to minor closing adjustments, for the NRI with funds coming from working capital. The acquisition has an effective date of Oct. 1, 2012.