Mr. Frank Getman reports

ALTIUS RENEWABLE ROYALTIES REPORTS Q2 2023 EXPECTED PROPORTIONATE ROYALTY REVENUE(1) OF US$1 MILLION

Altius Renewable Royalties Corp. expects Q2 2023 proportionate royalty revenue of $1-million, which compares with $600,000 of proportionate royalty revenue recorded in Q2 2022. This amount reflects ARR's 50% ownership interest in Great Bay Renewables ("GBR").

Frank Getman, CEO of GBR, commented, "Revenues were subject to continued soft merchant power prices during Q2. Our revenues are generally back half weighted due to seasonality and we have seen an uptick in merchant prices in recent weeks with higher summer temperatures and increased power demand." Getman added, "With the addition of our recently announced investment into Hexagon Energy, GBR now has over 15.5 gigawatts of wind, solar and storage development projects in our developer portfolio, which will provide a growing stream of royalties and revenue to GBR for the foreseeable future."

Q2 2023 Financial Results Conference Call and Webcast Details

Financial results will be announced by press release August 1, 2023 after the close of trading. A conference call and webcast will be held on August 2, 2023 at 9:00 am ET to provide a discussion of the business and outlook and to offer an open Q&A session for analysts and investors. Access details are as follows:

Date and time: August 2, 2023, 9 am ET

Toll Free Dial-In Number: (+1) 888 886 7786

International Dial-In Number: (+1) 416 764 8658

Conference Call Title and ID: Altius Renewable Royalties Q2 2023 Financial Results, ID 07181885

Webcast Link: ARR Q2 2023

About ARR

ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 33 renewable energy royalties representing approximately 1.9 GW of renewable power on operating projects and an additional approximate 6 GW on projects in development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from GBR's investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy, which increase the total development project pipeline to approximately 15.5 GWs. The total pipeline The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

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