Mr. Bernard Tan reports

RE ROYALTIES ACQUIRES ROYALTY ON WIND PROJECT IN ALBERTA AND ANNOUNCES DATE FOR 2023 FIRST QUARTER RESULTS CONFERENCE CALL ON THURSDAY, JUNE 1, 2023

RE Royalties Ltd. has acquired a royalty on 100 megawatts of output from a wind project located in Alberta, Canada, for $940,000.

RE Royalties will receive a monthly royalty payment for a period of 12 years. The average annual royalty payments are estimated to be approximately $132,000 per year. The Alberta Wind Project is owned by a major independent power producer with a power purchase agreement with a large corporate off taker. The full project is expected to generate approximately 500 GWh of clean energy per year; capable of providing clean, renewable energy for approximately 68,000 homes.

Bernard Tan, CEO of the Company stated "We are pleased to acquire this royalty on an operating wind project. This transaction further demonstrates the strength of the royalty financing model in creating a win-win solution for our clients, shareholders, and the environment. We look forward to continuing to deliver on our strong backlog of renewable energy royalty opportunities in the near term."

First Quarter Results Conference Call on Thursday, June 1, 2023

The Company announced plans to release its 2023 first quarter financial results before market open on Monday, May 29, 2023. Management will host a first quarter telephone conference call and live webcast on June 1, 2023, at 1:00 p.m. PT (4:00 p.m. ET) to discuss its first quarter results.

After opening remarks by management there will be a question-and-answer session open to analysts and investors. The conference call may be accessed online, and questions can be submitted in advance to Melanee Henderson, Investment Relations.

Canadian Climate Investor Conference

Investors are also invited to join RE Royalties at the inaugural Canadian Climate Investor Conference, on June 8, 2023, in-person at the Hyatt Regency Toronto. Peter Leighton, Chief Operating Officer, will be presenting RE Royalties business outlook and latest investments at the conference.

The opening panel discussion will be moderated by Tim Nash, Founder of Good Investing, and host of the Toronto Star Responsible Investing for a Sustainable Economy podcast.

Entry to the conference is free for investors and registration is required in advance.

About RE Royalties Ltd.

RE Royalties Ltd. acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects in Canada, United States and Mexico. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.

We seek Safe Harbor.