Ms. Alexandra Woodyer Sherron reports

EMPRESS ROYALTY CLOSES US$28.5M ACCORDION CREDIT FACILITY WITH NEBARI GOLD FUND

Empress Royalty Corp. has closed the $28.5-million (U.S.) accordion credit facility agreement with Nebari Gold Fund 1 LP and Nebari Natural Resources Credit Fund II LP (collectively, Nebari), as announced on Dec. 5, 2023.

The company's initial draw of approximately $3.5-million (U.S.) loan under the credit facility is now financed. In accordance with the terms of the credit facility, on drawdown of the initial loan the company issued 3,104,513 common share purchase warrants to Nebari. Each bonus warrant is priced at 31 cents and is exercisable into one common share of the company for a period of three years from the drawdown of the initial loan. The bonus warrants are subject to a four-month-plus-one-day hold period. The credit facility allows for the issuance of additional bonus warrants to Nebari upon further draws on the credit facility equal to five million bonus warrants on the first $5-million (U.S.) drawn on the credit facility following the initial loan and 500,000 (or the pro rata amount) for every $5-million (U.S.) drawn thereafter. The issuance of any further bonus warrants to Nebari under the credit facility is subject to the limitations of the policies of the TSX Venture Exchange and subject to exchange review prior to issuance.

About Empress Royalty Corp.

Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments, and is actively investing in mining companies with development- and production-stage projects that require additional non-dilutive capital. The company has strategic partnerships with Endeavour Financial and Terra Capital, which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.

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