Mr. Bernard Tan reports

RE ROYALTIES ANNOUNCES CANCELLATION OF PREVIOUSLY ANNOUNCED NON-BROKERED LISTED ISSUER FINANCING EQUITY OFFERING DUE TO EARLY REPAYMENT FROM CLIENTS

RE Royalties Ltd. has cancelled 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. Each unit comprises one common share of the company and one common share purchase warrant. Each warrant was exercisable into one common share at an exercise price of 45 cents per warrant for a period of 36 months.

The decision to cancel the offering was made due to the early repayment of loans from the company's clients and recent volatility in the company's share price, which management is unaware of the cause given there has been no material change to the company's underlying business. Despite interest from new investors, the company determined that proceeding with the offering at this time would not be in the best interest of shareholders.

Bernard Tan, chief executive officer, commented: "We would like to thank investors for their interest in our offering. Given the timing of the early investment repayments, the company is well capitalized in redeploying this capital into new investment opportunities that are currently under due diligence, and in meeting the maturity of the upcoming Series 1 green bonds. We will continue to investigate and pursue strategic options to unlock shareholder value."

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, the Maldives 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.

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