Mr. Paddy Nicol reports

OROGEN ROYALTIES AND AURUM DISCOVERY FORM GENERATIVE ALLIANCE IN NORWAY

Orogen Royalties Inc. has formed a generative exploration alliance with a subsidiary of Aurum Discovery, a private prospect generator based in Ireland. The alliance will focus on generating gold and silver targets in prospective mineral belts within Norway.

Alliance highlights

• A two-year 500,000-euro budget for targeting, field evaluation and project acquisition up to a designated project-stage program financed by Orogen;

• Aurum to contribute geological and in-country expertise;

• All costs and expenses, as well as any proceeds, revenues and royalties generated from designated projects, shall be shared equally between Orogen and Aurum;

• Year-one exploration will be focused in the Pasvik and Mjosa-Vanern regions in Norway.

"Orogen is deploying capital resources into jurisdictions that are low risk and have strong geological and partnership potential," commented Paddy Nicol, Orogen's chief executive officer and president. "We are utilizing the intellectual capital and in-country expertise of Aurum Discovery, a private early-stage explorer focused on organic royalty creation in Europe and Africa. This transaction allows Orogen to expand its prospect generation activities beyond Western North America in an efficient and expedient manner. We look forward to working with Aurum's team in the Pasvik and Mjosa-Vanern regions over the next two years."

About the Aurum gold generative alliance

The generative alliance between Orogen and Aurum is based on greenfield gold prospects in Norway identified by Aurum from a Scandinavian gold terrane review.

Targets generated through the alliance will be financed by Orogen to the project marketing stage where both Aurum and Orogen will seek exploration partnerships, or other monetization opportunities with the objective of retaining long-term royalty exposure. All revenues, including sale proceeds, option payments and royalties derived from the designated projects will be distributed equally between the parties.

About the Pasvik project

The 160-square-kilometre Pasvik project is located in Finnmark county, northern Norway, approximately 30 kilometres south of the Sydvaranager iron mine. The project is within the underexplored Pasvik greenstone belt on the eastern extension of the North Transfennosandian Paleoproterozoic greenstone belt.

Gold on the project was first identified as up to 15 grams per tonne (g/t) gold float samples near Gjedde Lake with limited historical drilling intersecting up to 22 metres grading 0.82 g/t gold. Modern geochemical surveys irregularly cover parts of the property and highlight multiple undrilled regions with elevated gold.

A year-one work program under the alliance will infill soil and till geochemistry across the main structures, complete systematic prospecting across the property and begin engagement with local stakeholders.

About the Mjosa-Vanern project

The Mjosa-Vanern gold belt is located within the Sveconorwegian belt of southern Norway and Sweden. The belt contains over 100 historical vein deposits associated with a 40-kilometre-wide mylonite zone. This zone is relatively unexplored on the Norwegian side.

Aurum has located a province-scale land position on the northern extent of the district which will be refined into project-scale land positions via a year-one work program involving a regional stream-sediment survey and targeted mapping/prospecting focused on the mylonite zone. This will be the first modern widespread prospecting and stream sediment program carried out in the region.

Prospect generator day

Learn more about Orogen's other recently created exploration projects during Orogen's third annual generator day project -- new exploration assets -- on Wednesday, Sept. 16, 2026, at 10 a.m. PST/1 p.m. EST on Zoom.

Qualified person statement

All technical data, as disclosed in this press release, have been reviewed and approved by Laurence Pryer, PhD, PGeo, vice-president, exploration, for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in Western North America. The company's royalty portfolio includes the Ermitano gold and silver mine in Sonora, Mexico (2.0-per-cent net smelter returns royalty) operated by First Majestic Silver Corp. The company is well financed with several projects actively being developed by exploration partners.

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