Mr. Geoff Callow reports

ECORA ROYALTIES PLC ANNOUNCES CANARIACO PROJECT UPDATE

Ecora Royalties PLC has noted the press release issued on March 9 by Alta Copper Corp. announcing the successful completion of the previously announced plan of arrangement, pursuant to which Nascent Exploration Pty. Ltd., a wholly owned subsidiary of Fortescue Ltd., acquired all of the issued and outstanding common shares of Alta Copper, not already held by Nascent.

Alta Copper is the 100-per-cent owner of the Canariaco copper project, located in northern Peru.

Alta Copper published an optimized preliminary economic assessment for the Canariaco project on June 10, 2024, which estimated annual average copper production of 158,000 tonnes, gold production of 70,000 ounces and silver production of 1.5 million ounces for the first 10 years and 134,000 tonnes per annum of copper, 61,000 ounces per annum of gold and 1.2 million ounces of silver across the life of the mine.

Ecora holds a 0.5-per-cent net smelter return royalty on the Canariaco project.

About Ecora Royalties PLC

Ecora is a leading critical-minerals-focused royalty and streaming company.

Copper is at the core of the company's portfolio, which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanization, digital infrastructure, robotics, and energy security.

Ecora's cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.

Ecora takes a disciplined approach to investments and acquisitions, focusing on high-quality opportunities, in established mining jurisdictions and with experienced management teams. These investments have the potential to deliver enhanced returns through life-of-mine extension and commodity price outperformance.

Ecora's management team has a long and proven record of originating, completing due diligence, innovatively structuring, and completing accretive royalty and stream transactions in the critical minerals space.

Ecora allocates capital prudently, with a focus on growth, maintaining a strong balance sheet and returns to shareholders.

Ecora's shares are listed on the London Stock Exchange and the Toronto Stock Exchange (symbol: ECOR) and trade on the OTCQX Best Market (symbol: ECRAF).