Mr. Grant Moenting reports

OR ROYALTIES ANNOUNCES PRELIMINARY Q2 2026 GEO DELIVERIES

OR Royalties Inc. has released its second quarter 2026 preliminary deliveries, revenues and cash margin, as well as to provide an update on its cash and debt positions as at June 30, 2026. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.

Preliminary Q2 2026 results

OR Royalties earned 20,757 attributable gold-equivalent ounces (GEOs) in the second quarter of 2026. OR Royalties recorded preliminary revenues from royalties and streams of $97.8-million during the second quarter and preliminary cost of sales (excluding depletion) of $3.1-million, resulting in a quarterly cash margin of approximately $94.7-million (96.8%).

As at June 30, 2026, OR Royalties' cash position was approximately $75.6-million, after repurchases of common shares made under the normal course issuer bid of $8.0-million ($11.2-million (Canadian)) during the second quarter. The Murray Brook precious metals stream transaction with Canadian Copper Inc., along with the concurrent equity investment, both originally announced in April, 2026, are expected to close in the third quarter for a total amount of $9.0-million, which is expected to be financed using cash available on the balance sheet.

OR Royalties' revolving credit facility was drawn by $215.0-million at June 30, 2026, leaving $435.0-million of available capacity, plus an uncommitted accordion of up to $200.0-million. Following debt repayments of $18.0-million during the quarter, the company's net debt position was reduced to $139.4-million as at June 30, 2026.

Q2 2026 results conference and webcast call details

Results release:  Wednesday, Aug. 5, 2026, after market close

Conference call:  Thursday, Aug. 6, 2026, at 10 a.m. ET

Dial-in numbers (option 1):  North American toll-free: 1-800-717-1738; local -- Montreal: 1-514-400-3792; local -- Toronto: 1-289-514-5100; local -- New York: 1-646-307-1865

Conference ID:  25235

Replay (available until Sunday, Sept. 6, 2026, at 11:59 p.m. ET):  North American toll-free: 1-888-660-6264; local -- Toronto: 1-289-819-132; local -- New York: 1-646-517-3975

Playback pass code:   25235 followed by the pound key

Replay also available on the company's website.

About OR Royalties Inc.

OR Royalties is a precious metals royalty and streaming company focused on Tier 1 mining jurisdictions defined as Canada, the United States and Australia. OR Royalties commenced activities in June, 2014, with a single producing asset, and today holds a portfolio of over 200 royalties, streams and similar interests. OR Royalties' portfolio is anchored by its cornerstone asset, the 3- to 5-per-cent net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic complex, one of the world's largest gold mines.

OR Royalties' head office is located at 1100 Ave. des Canadiens-de-Montreal, suite 300, Montreal, Que., H3B 2S2.

We seek Safe Harbor.