Mr. Geoff Callow reports

ECORA RESOURCES PLC ANNOUNCES MARACAS MENCHEN UPDATE

Ecora Resources PLC has noted the press release issued today by Largo Inc. regarding the results of an updated life of mine plan and prefeasibility study completed on Largo's Maracas Menchen vanadium-titanium operation located in Bahia state, Brazil. Ecora has a 2-per-cent net smelter return royalty on all mineral products from the area of the mine to which the royalty interest relates.

The highlights of the LOMP and prefeasibility study include a 13-year increase in the reserve based mine life (out to 2054) and a 67-per-cent increase in mineral reserves.

About Ecora Resources PLC

Ecora is a leading royalty company focused on supporting the supply of commodities essential to creating a sustainable future.

Its vision is to be globally recognized as the royalty company of choice synonymous with commodities that support a sustainable future by continuing to expand and diversify its royalty portfolio in line with its strategy. It will achieve this through building a diversified portfolio of scale over high-quality assets that drive low volatility earnings growth and shareholder returns.

The mining sector has an essential role to play in the energy transition, with commodities such as copper, nickel and cobalt -- key materials for manufacturing batteries and electric vehicles. Copper also plays a critical role in the electricity grids. All these commodities are mined, and there are not enough mines in operation today to supply the volume required to achieve the energy transition.

Its strategy is to acquire royalties and streams over low-cost operations and projects with strong management teams in well-established mining jurisdictions. Its portfolio has been reweighted to provide material exposure to this commodity basket, and the company has transitioned from a coal orientated royalty business in 2014 to one that by 2026 will be materially coal free and composed of over 90-per-cent exposure to commodities that support a sustainable future. The fundamental demand outlook for these commodities over the next decade is very strong, which should significantly increase the value of the royalty portfolio.

Ecora's shares are listed on the London and Toronto stock exchanges and trade on the OTCQX Best Market.

We seek Safe Harbor.