Mr. Bernard Tan reports

RE ROYALTIES DECLARES 2023 SECOND QUARTER SHAREHOLDERS DIVIDEND PAYMENT

RE Royalties Ltd. has declared a cash distribution of one cent per issued and outstanding common share for the second quarter ending June 30, 2023.

The distribution is payable on Aug., 23, 2023, to shareholders of record on Aug. 2, 2023. The distribution is designated by the company to be a dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.

The cumulative amount of dividends declared for the 2023 fiscal year has been two cents per common share.

Bernard Tan, chief executive officer of the company, commented: "We remain confident in our continued growth outlook and we are pleased to provide our shareholders with another dividend. Continuing this track record is consistent with our objective of expanding our portfolio and building a renewable energy future with our clients.

About RE Royalties Ltd.

RE Royalties 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.

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