Ms. Jonida Zaganjori reports

LITHIUM ROYALTY CORP. ANNOUNCES PORTFOLIO UPDATES

Lithium Royalty Corp. has provided the following updates on several projects across its royalty portfolio.

Ganfeng Goulamina royalty: In late December, 2026, Lithium Royalty completed the acquisition of its trailing product sales fee royalty on the Goulamina lithium project operated by Ganfeng Lithium Co. Ltd. in Mali, which entitled Lithium Royalty to the Q4 2025 payment for this royalty. Based on information provided by the project operator Ganfeng Lithium, Lithium Royalty expects to receive a Q4 payment of approximately $2.9-million (U.S.) in March, 2026.

Sigma Lithium Grota do Cirilo royalty: On Feb. 2, 2026, Sigma Lithium Corp. announced the resumption of mining activity at its Grota do Cirilo project in Brazil. On Feb. 13, 2026, Sigma announced the sale of 150,000 tonnes of lithium fines at a price of approximately $140 (U.S.) per tonne, with an additional 350,000 tonnes of lithium fines available for sale at prevailing market prices. In January, 2026, Sigma reported that it sold 200,000 tonnes of lithium fines in two 100,000-tonne shipments at prices of $125 (U.S.) per tonne and $140 (U.S.) per tonne, respectively.

Sigma further confirmed on Feb. 13 that the resumption of production initiates client payments to Sigma under its recently established $96-million working capital revolving facility, strengthening Sigma's near-term liquidity as the company ramps production back toward nameplate capacity. Sigma subsequently provided updated production guidance of approximately 240,000 tonnes on a 12-month forward annualized basis and approximately 520,000 tonnes on a 24-month forward annualized basis as Plant 2 construction progresses.

Ganfeng Mariana lithium royalty: In February, 2026, Ganfeng Lithium announced that the Mariana lithium project conducted its first shipment of lithium chloride from the project. Ganfeng Lithium announced that 10 shipments of 24 tonnes each were shipped to China. This is a major milestone for the project as it records its maiden shipment from the Salta-based lithium salar. Ganfeng Lithium is preparing expansion plans for phases 2 and 3 under the Regimen de Incentivo para Grandes Inversiones (RIGI) in Argentina, with applications expected in 2026.

Core Lithium Finniss royalty: On Feb. 26, 2026, Core Lithium Ltd. announced the sale of its existing 5,100 dry-metric-tonne stockpile of spodumene concentrate through a fixed-price agreement with Glencore International AG. The transaction reflects a Fastmarkets SC6 CIF China equivalent price of approximately $2,023 (U.S.) per dry metric tonne, with proceeds expected to be received in the second quarter of 2026. Core Lithium also disclosed that it retains approximately 75,000 dry metric tonnes of lithium fines available for sale as it advances toward a final investment decision on the potential restart of mining operations at the Finniss lithium project in Australia.

About Lithium Royalty Corp.

Lithium Royalty is a lithium-focused royalty company organized in Canada, which has established a globally diversified portfolio of 38 royalties on mineral properties that are related to the electrification and decarbonization of the global economy. The company's royalty portfolio is focused on the battery supply chain for the transportation and energy storage industries and is underpinned by mineral properties that produce or are expected to produce lithium, critical minerals and other energy transition materials.

We seek Safe Harbor.