Mr. Bernard Tan reports

RE ROYALTIES DECLARES 2023 THIRD QUARTER SHAREHOLDERS DIVIDEND PAYMENT

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

The distribution is payable on November 22, 2023, to shareholders of record on November 1, 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 $0.03 per common share.

Bernard Tan, CEO of the Company, commented, "We are pleased to provide our shareholders with another dividend payment, and we remain confident in our continued growth. This dividend payment demonstrates the strength of our business model, and our commitment to our investors."

On Behalf of the Board of Directors,

Bernard TanCEO

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 North America, Mexico, and Europe. 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.