Mr. Bernard Tan reports

RE ROYALTIES ENTERS INTO CAD $1.7 MILLION LOAN AND ROYALTY AGREEMENT WITH CLEAN COMMUNITIES CORP.

RE Royalties Ltd. has entered into an agreement with Clean Communities Corp., an Alberta-based indigenous-led clean technology company, to provide a $1.7-million secured loan to support the construction of a four-megawatt solar project (Sunrise) currently under development in Cardston, Alta.

The project will receive revenue from a power purchase agreement with a boutique energy provider in Alberta for an initial five years. Following the first five years, the project will sell the energy and environmental attributes generated into the deregulated Alberta electricity market at prevailing merchant prices.

The loan will have a 60-month term and an interest rate of 13 per cent per annum, compounded monthly. The company will receive a structuring fee of 1.5 per cent on the loan value at closing. The company will receive a gross revenue royalty of 5.0 per cent on the project for 20 years after reaching commercial operations. The transaction will deploy a cash-sweep structure, allowing the company to sweep all cash generated by the project net of operating expenses to pay the royalty, interest and principal on a quarterly basis while the loan is outstanding.

Bernard Tan, chief executive officer of RE Royalties, stated: "This transaction allows RE Royalties to grow our portfolio across North America and represents our first transaction with an indigenous-led enterprise in the renewable energy space. We are thrilled to establish a relationship with Clean Communities Corp., and we look forward to collaborating with them in the future to grow their portfolio of renewable energy projects."

Ryan Tourigny, president of Clean Communities, commented: "We are delighted to enter our first transaction with RE Royalties as Clean Communities Corp. continues to grow its portfolio of clean infrastructure assets in North America. We particularly appreciate the RE Royalties team for their creativity in addressing gaps in clean infrastructure financing."

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, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico and Chile. 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.