Ms. Talia Beckett reports

RE ROYALTIES ANNOUNCES CLOSING OF BOOK FOR PREVIOUSLY ANNOUNCED NON-BROKERED LISTED ISSUER FINANCING EQUITY OFFERING

RE Royalties Ltd. has closed the book on its previously announced non-brokered private placement offering of up to 10,625,000 units at a price of 32 cents per unit for aggregate gross proceeds of up to $3.4-million as it is fully subscribed by strategic investors. Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant is exercisable into one common share at an exercise price of 45 cents per warrant for a period of 36 months.

The units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in the provinces of Ontario, British Columbia and Alberta, and in certain other jurisdictions pursuant to applicable securities laws. The units will not be subject to resale restrictions pursuant to applicable Canadian securities laws. The company has prepared and filed an offering document relating to the offering that can be accessed under the company's profile on SEDAR+ as well as on the company's website. Prospective investors should read the offering document before making an investment decision.

Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including but not limited to, the approval of the TSX Venture Exchange. As described in greater detail in the offering document, the proceeds of the offering will be used for working capital and for general corporate purposes.

About RE Royalties Ltd.

RE Royalties acquires revenue-based royalties from renewable energy facilities and technologies by providing a non-dilutive financing solution 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, Mexico and Chile. The company's business objectives are to provide shareholders with a strong growing yield, robust capital protection and high rate of growth through reinvestment and a sustainable investment focus.

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