Mr. Bernard Tan reports

RE ROYALTIES DECLARES 2023 FOURTH QUARTER SHAREHOLDERS DIVIDEND PAYMENT

RE Royalties Ltd.'s board of directors has declared a cash distribution of one cent per issued and outstanding common share for the fourth quarter ending Dec. 31, 2023.

The distribution is payable on Feb. 21, 2024, to shareholders of record on Jan. 31, 2024. 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 four cents per common share.

Bernard Tan, chief executive officer 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."

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. 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 reinvestment and a sustainable investment focus.

We seek Safe Harbor.