Mr. Frank Getman reports

ALTIUS RENEWABLE ROYALTIES REPORTS Q3 2023 EXPECTED PROPORTIONATE ROYALTY REVENUE(1) OF US$1.9 MILLION

Altius Renewable Royalties Corp. expects Q3 2023 proportionate royalty revenue of $1.9-million (excluding interest income), which compares with $1.6-million of proportionate royalty revenue recorded in Q3 2022 and $1-million last quarter. This amount reflects the company's 50-per-cent ownership interest in Great Bay Renewables (GBR). All financial references are in U.S. dollars unless otherwise indicated.

Frank Getman, chief executive officer of GBR, commented, "As expected, revenues increased during the quarter due to higher summer temperatures and increased power demand and power prices." Mr. Getman added, "Assuming the release of an escrow associated with the completion of a local transmission upgrade at Titan Solar occurs in Q4, which was projected to be completed earlier in the year and will result in an approximate $1-million recognition of revenue for GBR, we remain confident in our ability to achieve the revenue guidance provided earlier in 2023."

GBR revenue guidance for 2023 is $11.5-million to $13.5-million.

Q3 2023 financial results conference call and webcast details

Financial results will be announced by press release Nov. 6, 2023, after the close of trading. A conference call and webcast will be held on Nov. 7, 2023, at 9 a.m. ET to provide a discussion of the business and outlook and to offer an open question-and-answer session for analysts and investors. Access details are as follows:

Date and time: Nov. 7, 2023, 9 a.m. 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 Q3 2023 financial results, ID 64424217

About Altius Renewable Royalties Corp.

Altius is a renewable energy royalty company whose business is to provide long-term, royalty-level investment capital to renewable power developers, operators and originators. Altius has 33 renewable energy royalties representing approximately 1.9 gigawatts of renewable power on operating projects and an additional approximate six GW on projects in development phase, across several regional power pools in the United States. The corporation also expects future royalties from GBR's investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy, which are expected to increase the total development project pipeline to approximately 15 GW. 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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