Mr. Derrick Pattenden reports

NATIONS ROYALTY ANNOUNCES CLOSING OF BOUGHT DEAL LIFE PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$15 MILLION

Nations Royalty Corp. has closed its previously announced bought deal private placement for gross proceeds of $15-million, which includes the exercise in full of the overallotment option. Pursuant to the offering, the company sold 9,375,000 units of the company at a price of $1.60 per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share of the company at a price of $2.25 at any time on or before Jan. 30, 2029.

Red Cloud Securities Inc., as co-lead underwriter and sole bookrunner, and Canaccord Genuity Corp. acted as underwriters under the offering. As consideration for their services, the underwriters received aggregate cash fees of $873,600 and 546,000 non-transferable common share purchase warrants. Each broker warrant is exercisable into a warrant share at the offering price at any time on or before Jan. 30, 2029.

In accordance with National Instrument 45-106, Prospectus Exemptions, the units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The units sold to purchasers resident in Canada are immediately freely tradable in accordance with applicable Canadian securities legislation.

There is an amended and restated offering document related to the offering that can be accessed under the company's profile on SEDAR_ and on the company's website.

The closing of the offering remains subject to the final approval of the TSX Venture Exchange.

About Nations Royalty Corp.

The company's vision is to unite first nations and indigenous groups across Canada, welcoming external investors to join the company as shareholders. Together, they will combine royalties, income and commodity streams and annual benefit payment entitlements from resource projects, tapping into the growth, diversification and value potential typical of publicly traded royalty companies. As a leader in the spirit of economic reconciliation, Nations Royalty's mission includes capacity building of indigenous people in public companies and capital markets.

Nations Royalty's foundation begins with five annual benefit payment entitlements in place in respect of the following properties in Canada:

• The high-grade Brucejack gold mine operated by Newmont Corp.;
• The KSM copper-gold-silver-molybdenum deposit, currently in development by Seabridge Gold Inc.;
• The Premier gold project, currently evaluating a restart decision by Ascot Resources Ltd.;
• The Red Mountain gold deposit, owned by Ascot Resources;
• The Kitsault molybdenum deposit, a large, fully permitted brownfield site owned and being actively advanced by New Moly LLC, majority owned by Resource Capital Fund VI LP.

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