Mr. Derrick Pattenden reports

NATIONS ROYALTY GRANTS INCENTIVE STOCK OPTIONS

Nations Royalty Corp. has granted, effective May 12, 2026, incentive stock options to certain directors, officers, employees and consultants of the company to acquire an aggregate of 934,000 common shares in the capital of the company at an exercise price of 95.5 cents, being the closing price of the company's common shares on the TSX Venture Exchange on May 12, 2026.

The options are exercisable for a period of five years from the date of grant and will vest as follows: one-third on the date of grant, one-third after 12 months and the remaining one-third after 24 months from the date of grant. The grant of options is subject to the terms of the company's stock option plan and the approval of the TSX-V.

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 has a mission that 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 Cambria Gold Mines Inc.;
• The Red Mountain gold deposit, owned by Cambria Gold Mines Inc.; and
• 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.

We seek Safe Harbor.